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

Super Micro Computer (NASDAQ:SMCI) had its price target raised by Loop Capital from $35.00 to $40.00 in a research report report published on Thursday,Benzinga reports. The firm currently has a buy rating on the stock.

Several other research firms have also recently weighed in on SMCI. StockNews.com cut Super Micro Computer from a “hold” rating to a “sell” rating in a report on Wednesday, October 9th. Barclays decreased their price target on shares of Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 2nd. Argus downgraded Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Wedbush restated a “neutral” rating and set a $32.00 price target (down from $62.00) on shares of Super Micro Computer in a research report on Monday, November 4th. Finally, Northland Capmk raised Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $62.89.

Super Micro Computer Stock Performance

NASDAQ:SMCI opened at $33.27 on Thursday. The business has a 50 day moving average price of $33.83 and a 200-day moving average price of $45.10. Super Micro Computer has a fifty-two week low of $17.25 and a fifty-two week high of $122.90. 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 firm has a market cap of $18.61 billion, a PE ratio of 16.70 and a beta of 1.31.

Hedge Funds Weigh In On Super Micro Computer

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