Super Micro Computer (SMCI) Rating Lowered to Sell at BidaskClub

Super Micro Computer (NASDAQ:SMCI) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

Several other analysts have also recently commented on the company. Maxim Group restated a “buy” rating and issued a $45.00 target price on shares of Super Micro Computer in a research report on Friday, October 27th. Citigroup lowered their target price on Super Micro Computer from $31.00 to $23.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 19th. Wells Fargo & Company started coverage on Super Micro Computer in a research report on Tuesday, November 14th. They issued a “market perform” rating and a $20.00 target price on the stock. TheStreet cut Super Micro Computer from a “b-” rating to a “c” rating in a research report on Tuesday, October 10th. Finally, Zacks Investment Research cut Super Micro Computer from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $28.13.

Super Micro Computer (NASDAQ:SMCI) traded up $0.10 on Thursday, reaching $21.55. The company had a trading volume of 213,582 shares, compared to its average volume of 437,176. Super Micro Computer has a 12-month low of $17.70 and a 12-month high of $31.75. The company has a current ratio of 2.34, a quick ratio of 1.15 and a debt-to-equity ratio of 0.12. The firm has a market cap of $1,050.00, a PE ratio of 16.08, a P/E/G ratio of 1.25 and a beta of -0.06.

Hedge funds and other institutional investors have recently modified their holdings of the business. Royce & Associates LP boosted its stake in Super Micro Computer by 56.2% during the 2nd quarter. Royce & Associates LP now owns 737,292 shares of the technology company’s stock valued at $18,174,000 after purchasing an additional 265,164 shares in the last quarter. State Street Corp boosted its stake in Super Micro Computer by 4.1% during the 2nd quarter. State Street Corp now owns 965,582 shares of the technology company’s stock valued at $23,802,000 after purchasing an additional 38,013 shares in the last quarter. Thompson Siegel & Walmsley LLC boosted its stake in Super Micro Computer by 15.3% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 446,992 shares of the technology company’s stock valued at $11,019,000 after purchasing an additional 59,235 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Super Micro Computer by 15.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 250,221 shares of the technology company’s stock valued at $6,168,000 after purchasing an additional 34,390 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in Super Micro Computer by 3.2% during the 2nd quarter. Northern Trust Corp now owns 497,363 shares of the technology company’s stock valued at $12,260,000 after purchasing an additional 15,652 shares in the last quarter. 80.60% of the stock is owned by hedge funds and other institutional investors.

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Super Micro Computer Company Profile

Super Micro Computer, Inc is engaged in developing and providing end-to-end green computing solutions to the cloud computing, data center, enterprise information technology (IT), big data, high performance computing (HPC) and Internet of Things (IoT)/embedded markets. The Company’s solutions range from server, storage, blade and workstations to full racks, networking devices, server management software and technology support and services.

Analyst Recommendations for Super Micro Computer (NASDAQ:SMCI)

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