Super Micro Computer, Inc. (NASDAQ:SMCI) Receives $62.89 Consensus Price Target from Analysts

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) have received an average recommendation of “Hold” from the eighteen research firms that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $62.89.

A number of research analysts have recently issued reports on SMCI shares. Argus lowered Super Micro Computer from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Loop Capital raised their price objective on Super Micro Computer from $35.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Northland Capmk upgraded Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. StockNews.com downgraded Super Micro Computer from a “hold” rating to a “sell” rating in a research note on Wednesday, October 9th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $32.00 target price (down from $62.00) on shares of Super Micro Computer in a research note on Monday, November 4th.

Super Micro Computer Price Performance

Shares of NASDAQ SMCI opened at $28.18 on Friday. The stock has a market capitalization of $15.76 billion, a price-to-earnings ratio of 14.15 and a beta of 1.31. Super Micro Computer has a 12 month low of $17.25 and a 12 month high of $122.90. The firm’s 50 day simple moving average is $33.97 and its 200-day simple moving average is $43.93. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93.

Institutional Investors Weigh In On Super Micro Computer

Several institutional investors have recently added to or reduced their stakes in the business. State Street Corp lifted its stake in Super Micro Computer by 4.3% in the third quarter. State Street Corp now owns 2,138,142 shares of the company’s stock valued at $890,322,000 after buying an additional 88,692 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Super Micro Computer by 956.6% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,317,018 shares of the company’s stock valued at $40,143,000 after purchasing an additional 1,192,366 shares during the period. Geode Capital Management LLC increased its holdings in shares of Super Micro Computer by 1.3% in the third quarter. Geode Capital Management LLC now owns 1,266,040 shares of the company’s stock valued at $529,753,000 after purchasing an additional 16,007 shares during the period. Disciplined Growth Investors Inc. MN increased its holdings in shares of Super Micro Computer by 3.1% in the third quarter. Disciplined Growth Investors Inc. MN now owns 1,043,469 shares of the company’s stock valued at $434,500,000 after purchasing an additional 31,064 shares during the period. Finally, International Assets Investment Management LLC increased its holdings in shares of Super Micro Computer by 63,634.1% in the third quarter. International Assets Investment Management LLC now owns 916,496 shares of the company’s stock valued at $381,629,000 after purchasing an additional 915,058 shares during the period. 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.