JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Super Micro Computer (NASDAQ:SMCI) Stock

Super Micro Computer (NASDAQ:SMCI) had its price objective upped by research analysts at JPMorgan Chase & Co. from $23.00 to $35.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential downside of 17.22% from the company’s previous close.

Other equities research analysts also recently issued reports about the stock. Northland Capmk raised shares of Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. Argus lowered shares of Super Micro Computer from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. The Goldman Sachs Group dropped their price target on Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 6th. Cfra upgraded Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research report on Tuesday. Finally, Northland Securities reissued an “outperform” rating and issued a $57.00 target price (up from $54.00) on shares of Super Micro Computer in a research report on Wednesday. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $60.20.

Super Micro Computer Price Performance

Super Micro Computer stock opened at $42.28 on Wednesday. The firm has a market capitalization of $24.76 billion, a P/E ratio of 21.23 and a beta of 1.30. Super Micro Computer has a one year low of $17.25 and a one year high of $122.90. 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 fifty day moving average price of $33.51 and a 200-day moving average price of $40.31.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SMCI. CWM LLC increased its stake in Super Micro Computer by 11.7% in the 3rd quarter. CWM LLC now owns 2,773 shares of the company’s stock worth $1,155,000 after buying an additional 290 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its position in shares of Super Micro Computer by 252.8% during the third 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 raised 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 valued at $741,000 after purchasing an additional 1,307 shares during the period. Creative Planning raised 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 valued at $3,763,000 after purchasing an additional 755 shares during the period. Finally, Prospect Financial Services LLC purchased a new position in Super Micro Computer in the 3rd quarter worth approximately $208,000. Hedge funds and other institutional investors 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.