Loop Capital Issues Positive Forecast for Super Micro Computer (NASDAQ:SMCI) Stock Price

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

Other equities analysts have also issued reports about the stock. The Goldman Sachs Group decreased their price objective on shares of Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating for the company in a research report on Wednesday, November 6th. Northland Capmk raised shares of Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. Barclays dropped their price objective on shares of Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 2nd. Wedbush restated a “neutral” rating and issued a $32.00 target price (down previously from $62.00) on shares of Super Micro Computer in a research note on Monday, November 4th. Finally, JPMorgan Chase & Co. cut Super Micro Computer from a “neutral” rating to an “underweight” rating and lowered their price target for the stock from $50.00 to $23.00 in a research report on Wednesday, November 6th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $62.89.

Super Micro Computer Trading Down 1.3 %

Shares of NASDAQ:SMCI opened at $33.41 on Thursday. The business’s 50-day moving average is $33.53 and its 200 day moving average is $45.50. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. Super Micro Computer has a 1 year low of $17.25 and a 1 year high of $122.90. The firm has a market capitalization of $18.69 billion, a P/E ratio of 16.77 and a beta of 1.31.

Hedge Funds Weigh In On Super Micro Computer

A number of large investors have recently added to or reduced their stakes in the stock. Quarry LP boosted its position in Super Micro Computer by 5,850.0% during the second quarter. Quarry LP now owns 119 shares of the company’s stock worth $98,000 after acquiring an additional 117 shares during the last quarter. Emerald Mutual Fund Advisers Trust purchased a new position in Super Micro Computer in the third quarter worth approximately $87,000. Daymark Wealth Partners LLC increased its stake in Super Micro Computer by 50.5% during the second quarter. Daymark Wealth Partners LLC now owns 301 shares of the company’s stock worth $247,000 after acquiring an additional 101 shares during the last quarter. Granite Bay Wealth Management LLC acquired a new position in shares of Super Micro Computer in the 2nd quarter valued at $269,000. Finally, Anchor Investment Management LLC grew its holdings in shares of Super Micro Computer by 13.7% during the 2nd quarter. Anchor Investment Management LLC now owns 324 shares of the company’s stock worth $265,000 after purchasing an additional 39 shares during the period. 84.06% of the stock is currently owned by institutional investors and hedge funds.

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.