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

Super Micro Computer (NASDAQ:SMCI) had its price objective lifted by Wedbush from $24.00 to $40.00 in a research note released on Wednesday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Other equities analysts also recently issued reports about the company. Loop Capital upped their price target on Super Micro Computer from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Northland Capmk raised Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. The Goldman Sachs Group cut their target price 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 raised 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. Finally, JPMorgan Chase & Co. upped 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. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Super Micro Computer has an average rating of “Hold” and a consensus price target of $60.20.

Super Micro Computer Stock Performance

Shares of SMCI stock opened at $47.91 on Wednesday. The business’s fifty day simple moving average is $33.59 and its 200-day simple moving average is $40.37. The company has a market cap of $28.05 billion, a PE ratio of 24.05 and a beta of 1.30. The company has a current ratio of 3.77, a quick ratio of 1.93 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.

Institutional Investors Weigh In On Super Micro Computer

Hedge funds have recently modified their holdings of the company. Emerald Mutual Fund Advisers Trust purchased a new position in Super Micro Computer in the 3rd quarter valued at about $87,000. Wealth Effects LLC lifted its stake in Super Micro Computer by 90.7% in the 3rd quarter. Wealth Effects LLC now owns 515 shares of the company’s stock valued at $214,000 after buying an additional 245 shares in the last quarter. Retirement Systems of Alabama lifted its stake in Super Micro Computer by 2.3% in the 3rd quarter. Retirement Systems of Alabama now owns 11,367 shares of the company’s stock valued at $4,733,000 after buying an additional 258 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in Super Micro Computer by 252.8% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 374 shares of the company’s stock valued at $156,000 after acquiring an additional 268 shares during the last quarter. Finally, CWM LLC raised its holdings in 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 acquiring an additional 290 shares during 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.