Super Micro Computer (NASDAQ:SMCI) Now Covered by Barclays

Barclays began coverage on shares of Super Micro Computer (NASDAQ:SMCI) in a research note issued to investors on Thursday, MarketBeat.com reports. The firm issued an equal weight rating and a $59.00 target price on the stock.

Several other equities research analysts have also commented on SMCI. Argus lowered Super Micro Computer from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Northland Securities restated an “outperform” rating and set a $57.00 price target (up from $54.00) on shares of Super Micro Computer in a research note on Wednesday, February 12th. Wedbush restated a “hold” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. The Goldman Sachs Group upped their price target on Super Micro Computer from $32.00 to $36.00 and gave the stock a “neutral” rating in a research note on Monday. Finally, Northland Capmk upgraded Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. 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 assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $61.87.

Super Micro Computer Stock Performance

Shares of NASDAQ:SMCI opened at $42.95 on Thursday. The firm has a market capitalization of $25.15 billion, a PE ratio of 21.56 and a beta of 1.30. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. The business has a 50-day moving average of $36.44 and a two-hundred day moving average of $39.67. 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 bought and sold shares of the business. Arkadios Wealth Advisors bought a new position in Super Micro Computer during the 3rd quarter worth approximately $289,000. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Super Micro Computer by 45.7% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 3,497 shares of the company’s stock worth $1,456,000 after purchasing an additional 1,097 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of Super Micro Computer by 7.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 5,873 shares of the company’s stock worth $2,445,000 after purchasing an additional 395 shares during the last quarter. J.W. Cole Advisors Inc. lifted its holdings in shares of Super Micro Computer by 82.0% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 968 shares of the company’s stock worth $403,000 after purchasing an additional 436 shares during the last quarter. Finally, abrdn plc lifted its holdings in shares of Super Micro Computer by 337.6% in the 3rd quarter. abrdn plc now owns 18,865 shares of the company’s stock worth $7,880,000 after purchasing an additional 14,554 shares during the last quarter. Institutional investors and hedge funds own 84.06% of the company’s stock.

Super Micro Computer Company Profile

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.