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

Super Micro Computer (NASDAQ:SMCI) had its target price upped by Wedbush from $24.00 to $40.00 in a research report report published on Wednesday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

SMCI has been the subject of several other research reports. Loop Capital upped their price target on shares of Super Micro Computer from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Northland Capmk raised shares of Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. Northland Securities reissued an “outperform” rating and issued a $57.00 price objective (up from $54.00) on shares of Super Micro Computer in a research report on Wednesday. The Goldman Sachs Group dropped their price objective on shares of 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. Finally, Argus cut Super Micro Computer from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Super Micro Computer has a consensus rating of “Hold” and an average price target of $60.20.

Super Micro Computer Stock Up 2.8 %

SMCI opened at $39.68 on Wednesday. The stock has a market capitalization of $23.24 billion, a price-to-earnings ratio of 19.92 and a beta of 1.30. Super Micro Computer has a 12 month low of $17.25 and a 12 month 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 50-day moving average of $33.48 and a two-hundred day moving average of $40.30.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SMCI. Emerald Mutual Fund Advisers Trust bought a new stake in Super Micro Computer in the third quarter valued at $87,000. Wealth Effects LLC increased its holdings in shares of Super Micro Computer by 90.7% in the 3rd quarter. Wealth Effects LLC now owns 515 shares of the company’s stock worth $214,000 after acquiring an additional 245 shares during the period. Retirement Systems of Alabama lifted its position in Super Micro Computer by 2.3% in the 3rd quarter. Retirement Systems of Alabama now owns 11,367 shares of the company’s stock valued at $4,733,000 after purchasing an additional 258 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in Super Micro Computer by 252.8% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 374 shares of the company’s stock valued at $156,000 after purchasing an additional 268 shares during the period. Finally, CWM LLC grew its position 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 purchasing an additional 290 shares during the last quarter. 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.