Loop Capital Forecasts Strong Price Appreciation for Super Micro Computer (NASDAQ:SMCI) Stock

Super Micro Computer (NASDAQ:SMCI) had its price objective upped by equities researchers at Loop Capital from $40.00 to $50.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Loop Capital’s price objective would suggest a potential upside of 18.26% from the stock’s previous close.

A number of other equities analysts also recently commented on the company. Northland Capmk upgraded Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. The Goldman Sachs Group reduced their price objective on 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. Cfra upgraded Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research report on Tuesday. JPMorgan Chase & Co. lifted their target price on Super Micro Computer from $23.00 to $35.00 and gave the company an “underweight” rating in a research report on Wednesday. Finally, Northland Securities restated an “outperform” rating and issued a $57.00 target price (up previously from $54.00) on shares of Super Micro Computer in a research report on Wednesday. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Super Micro Computer currently has an average rating of “Hold” and an average price target of $60.20.

Super Micro Computer Stock Performance

Shares of Super Micro Computer stock opened at $42.28 on Wednesday. Super Micro Computer has a one year low of $17.25 and a one year high of $122.90. The company has a market cap of $24.76 billion, a price-to-earnings ratio of 21.23 and a beta of 1.30. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. The business’s 50 day moving average price is $33.51 and its 200 day moving average price is $40.31.

Institutional Investors Weigh In On Super Micro Computer

Several institutional investors and hedge funds have recently modified their holdings of SMCI. CWM LLC raised its holdings in shares of Super Micro Computer by 11.7% in the 3rd quarter. CWM LLC now owns 2,773 shares of the company’s stock valued at $1,155,000 after buying an additional 290 shares during the period. Livforsakringsbolaget Skandia Omsesidigt grew its stake in Super Micro Computer by 252.8% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 374 shares of the company’s stock worth $156,000 after purchasing an additional 268 shares in the last quarter. Exchange Traded Concepts LLC grew its stake in Super Micro Computer by 276.9% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,779 shares of the company’s stock worth $741,000 after purchasing an additional 1,307 shares in the last quarter. Creative Planning grew its stake in Super Micro Computer by 9.1% during the 3rd quarter. Creative Planning now owns 9,038 shares of the company’s stock worth $3,763,000 after purchasing an additional 755 shares in the last quarter. Finally, Prospect Financial Services LLC acquired a new position in Super Micro Computer during the 3rd quarter worth $208,000. Hedge funds and other institutional investors own 84.06% of the company’s stock.

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.