Super Micro Computer, Inc. (NASDAQ:SMCI) Receives Consensus Rating of “Hold” from Brokerages

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) have been given an average recommendation of “Hold” by the eighteen research firms that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $62.89.

A number of research firms recently weighed in on SMCI. The Goldman Sachs Group lowered their price target on shares of Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 6th. Loop Capital increased their target price on shares of Super Micro Computer from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday. Argus cut shares of Super Micro Computer from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Northland Capmk raised Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. Finally, Barclays lowered their price target on Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 2nd.

Super Micro Computer Trading Down 0.4 %

Shares of Super Micro Computer stock opened at $33.27 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. 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 50-day simple moving average of $33.83 and a two-hundred day simple moving average of $45.10. The company has a market cap of $18.61 billion, a P/E ratio of 16.70 and a beta of 1.31.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Salem Investment Counselors Inc. bought a new position in Super Micro Computer in the 4th quarter valued at about $30,000. Trust Co. of Vermont lifted its stake in shares of Super Micro Computer by 900.0% in the 4th quarter. Trust Co. of Vermont now owns 1,000 shares of the company’s stock worth $30,000 after acquiring an additional 900 shares during the period. Toth Financial Advisory Corp acquired a new position in shares of Super Micro Computer during the fourth quarter valued at approximately $31,000. New Wave Wealth Advisors LLC acquired a new stake in Super Micro Computer in the fourth quarter worth approximately $42,000. Finally, Kieckhefer Group LLC acquired a new stake in Super Micro Computer in the fourth quarter worth approximately $43,000. 84.06% of the stock is owned by institutional investors and hedge funds.

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.