Super Micro Computer (NASDAQ:SMCI) Price Target Raised to $40.00

Super Micro Computer (NASDAQ:SMCI) had its target price increased by research analysts at Loop Capital from $35.00 to $40.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Loop Capital’s target price suggests a potential upside of 19.71% from the stock’s current price.

A number of other research firms also recently issued reports on SMCI. Wedbush reiterated a “neutral” rating and set a $32.00 price target (down from $62.00) on shares of Super Micro Computer in a research report on Monday, November 4th. Northland Capmk raised shares of Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. JPMorgan Chase & Co. lowered Super Micro Computer from a “neutral” rating to an “underweight” rating and reduced their target price for the company from $50.00 to $23.00 in a research note on Wednesday, November 6th. The Goldman Sachs Group cut their price target on Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating for the company in a report on Wednesday, November 6th. Finally, Argus downgraded Super Micro Computer from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $62.89.

Super Micro Computer Price Performance

SMCI stock traded down $0.45 on Thursday, reaching $33.41. 12,647,426 shares of the company’s stock were exchanged, compared to its average volume of 31,214,758. Super Micro Computer has a twelve month low of $17.25 and a twelve month high of $122.90. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. The stock has a fifty day moving average of $33.22 and a 200-day moving average of $45.58. The firm has a market cap of $18.69 billion, a PE ratio of 16.84 and a beta of 1.31.

Institutional Trading of Super Micro Computer

Institutional investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC boosted its position in shares of Super Micro Computer by 63,634.1% in the third quarter. International Assets Investment Management LLC now owns 916,496 shares of the company’s stock worth $381,629,000 after buying an additional 915,058 shares during the period. Nepsis Inc. acquired a new position in Super Micro Computer during the 4th quarter worth approximately $13,625,000. Annex Advisory Services LLC purchased a new position in Super Micro Computer in the 4th quarter worth approximately $6,708,000. Diversify Advisory Services LLC acquired a new stake in Super Micro Computer in the fourth quarter valued at approximately $5,113,000. Finally, Bridgewater Associates LP lifted its position in shares of Super Micro Computer by 921.1% during the third quarter. Bridgewater Associates LP now owns 161,104 shares of the company’s stock worth $67,084,000 after purchasing an additional 145,327 shares in the last quarter. 84.06% of the stock is owned by hedge funds and other institutional investors.

About Super Micro Computer

Super Micro Computer, Inc, together with its subsidiaries, develops and manufactures high performance server and storage solutions based on modular and open architecture in the United States, Europe, Asia, and internationally. Its solutions range from complete server, storage systems, modular blade servers, blades, workstations, full racks, networking devices, server sub-systems, server management software, and security software.