Super Micro Computer (NASDAQ:SMCI) Price Target Raised to $50.00

Super Micro Computer (NASDAQ:SMCI) had its target price hoisted by Loop Capital from $40.00 to $50.00 in a research note published on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

Several other analysts also recently issued reports on the stock. JPMorgan Chase & Co. upped their price target on shares of Super Micro Computer from $23.00 to $35.00 and gave the company an “underweight” rating in a report on Wednesday. Northland Securities reaffirmed an “outperform” rating and issued a $57.00 price target (up previously from $54.00) on shares of Super Micro Computer in a report on Wednesday. Wedbush upped their price target on shares of Super Micro Computer from $24.00 to $40.00 and gave the company a “neutral” rating in a report on Wednesday. Cfra raised shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a report on Tuesday. Finally, Argus downgraded shares of Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $60.20.

Super Micro Computer Stock Up 13.3 %

SMCI stock opened at $47.91 on Wednesday. The company has a market cap of $28.05 billion, a P/E ratio of 24.05 and a beta of 1.30. Super Micro Computer has a 52 week low of $17.25 and a 52 week high of $122.90. The company’s 50-day moving average price is $33.59 and its 200 day moving average price is $40.37. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32.

Hedge Funds Weigh In On Super Micro Computer

Several institutional investors and hedge funds have recently bought and sold shares of SMCI. Vanguard Group Inc. increased its position in Super Micro Computer by 908.4% during the fourth quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company’s stock worth $1,889,531,000 after purchasing an additional 55,845,073 shares during the last quarter. Geode Capital Management LLC increased its position in Super Micro Computer by 914.7% during the fourth quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company’s stock worth $390,572,000 after purchasing an additional 11,580,677 shares during the last quarter. FMR LLC acquired a new position in Super Micro Computer during the fourth quarter worth approximately $292,869,000. Invesco Ltd. increased its position in Super Micro Computer by 929.5% during the fourth quarter. Invesco Ltd. now owns 7,542,742 shares of the company’s stock worth $229,903,000 after purchasing an additional 6,810,082 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of Super Micro Computer by 1,573.8% in the fourth quarter. Northern Trust Corp now owns 4,897,876 shares of the company’s stock worth $149,287,000 after acquiring an additional 4,605,260 shares in the last quarter. Institutional investors and hedge funds 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.