Super Micro Computer’s (SMCI) “Outperform” Rating Reiterated at Northland Securities

Super Micro Computer (NASDAQ:SMCI)‘s stock had its “outperform” rating restated by analysts at Northland Securities in a report issued on Wednesday,Benzinga reports. They presently have a $57.00 price objective on the stock, up from their prior price objective of $54.00. Northland Securities’ target price would suggest a potential upside of 47.63% from the stock’s current price.

Other analysts have also issued reports about the company. Loop Capital increased their price objective on Super Micro Computer from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. lowered Super Micro Computer from a “neutral” rating to an “underweight” rating and cut their price objective for the stock from $50.00 to $23.00 in a report on Wednesday, November 6th. Northland Capmk upgraded Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. Argus lowered Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Finally, Cfra upgraded Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a report on Tuesday. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Super Micro Computer presently has an average rating of “Hold” and a consensus target price of $58.20.

Super Micro Computer Price Performance

Shares of NASDAQ:SMCI opened at $38.61 on Wednesday. The company’s fifty day moving average is $33.53 and its two-hundred day moving average is $40.52. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. Super Micro Computer has a 12-month low of $17.25 and a 12-month high of $122.90. The company has a market cap of $22.61 billion, a P/E ratio of 19.38 and a beta of 1.30.

Institutional Investors Weigh In On Super Micro Computer

Several hedge funds and other institutional investors have recently made changes to their positions in the business. WINTON GROUP Ltd acquired a new stake in shares of Super Micro Computer in the fourth quarter valued at about $849,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Super Micro Computer by 1,008.1% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 851,426 shares of the company’s stock valued at $28,378,000 after purchasing an additional 774,586 shares during the last quarter. Korea Investment CORP bought a new stake in shares of Super Micro Computer in the fourth quarter valued at about $5,598,000. Tyler Stone Wealth Management bought a new stake in shares of Super Micro Computer in the fourth quarter valued at about $931,000. Finally, Arlington Capital Management Inc. lifted its stake in shares of Super Micro Computer by 843.4% in the fourth quarter. Arlington Capital Management Inc. now owns 52,953 shares of the company’s stock valued at $1,614,000 after buying an additional 47,340 shares during the period. 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.