Super Micro Computer, Inc. (NASDAQ:SMCI) Receives $66.89 Average Price Target from Analysts

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) have received an average rating of “Hold” from the eighteen brokerages that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $66.89.

A number of research firms recently issued reports on SMCI. Wedbush restated a “neutral” rating and set a $32.00 price objective (down previously from $62.00) on shares of Super Micro Computer in a research report on Monday, November 4th. Loop Capital reduced their price target on shares of Super Micro Computer from $150.00 to $100.00 and set a “buy” rating for the company in a report on Monday, September 23rd. Northland Capmk raised shares of Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. JPMorgan Chase & Co. cut shares of Super Micro Computer from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $50.00 to $23.00 in a research report on Wednesday, November 6th. Finally, Barclays cut their price target on Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 2nd.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Farmers & Merchants Investments Inc. grew its position in Super Micro Computer by 400.0% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 30 shares of the company’s stock worth $25,000 after purchasing an additional 24 shares in the last quarter. Moser Wealth Advisors LLC acquired a new position in Super Micro Computer during the second quarter valued at $25,000. Hazlett Burt & Watson Inc. lifted its stake in Super Micro Computer by 141.2% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 41 shares of the company’s stock worth $34,000 after acquiring an additional 24 shares in the last quarter. Resources Management Corp CT ADV boosted its position in Super Micro Computer by 100.0% during the 2nd quarter. Resources Management Corp CT ADV now owns 60 shares of the company’s stock worth $49,000 after acquiring an additional 30 shares during the period. Finally, Rise Advisors LLC grew its stake in Super Micro Computer by 909.5% during the 4th quarter. Rise Advisors LLC now owns 1,696 shares of the company’s stock valued at $52,000 after acquiring an additional 1,528 shares in the last quarter. 84.06% of the stock is owned by hedge funds and other institutional investors.

Super Micro Computer Price Performance

SMCI opened at $34.38 on Wednesday. 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 company’s 50-day moving average price is $31.83 and its 200 day moving average price is $49.67. Super Micro Computer has a fifty-two week low of $17.25 and a fifty-two week high of $122.90. The firm has a market cap of $19.23 billion, a price-to-earnings ratio of 17.26 and a beta of 1.31.

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.