Super Micro Computer (NASDAQ:SMCI) Earns Equal Weight Rating from Analysts at Barclays

Analysts at Barclays initiated coverage on shares of Super Micro Computer (NASDAQ:SMCI) in a research report issued to clients and investors on Thursday. The firm set an “equal weight” rating and a $59.00 price target on the stock. Barclays‘s price target points to a potential upside of 15.44% from the stock’s current price.

A number of other equities analysts have also recently commented on SMCI. Loop Capital reissued a “buy” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Cfra raised shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a research note on Tuesday, February 11th. JPMorgan Chase & Co. boosted their price target on shares of Super Micro Computer from $23.00 to $35.00 and gave the stock an “underweight” rating in a research note on Wednesday, February 12th. Northland Capmk raised shares of Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. Finally, Argus cut shares of Super Micro Computer from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $61.87.

Super Micro Computer Price Performance

Shares of NASDAQ:SMCI opened at $51.11 on Thursday. The company has a 50 day moving average of $36.20 and a 200 day moving average of $39.65. The stock has a market cap of $29.93 billion, a P/E ratio of 25.66 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 current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32.

Institutional Investors Weigh In On Super Micro Computer

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SMCI. Salem Investment Counselors Inc. bought a new stake in Super Micro Computer during the 4th quarter valued at $30,000. Trust Co. of Vermont raised its holdings in Super Micro Computer by 900.0% during the 4th quarter. Trust Co. of Vermont now owns 1,000 shares of the company’s stock valued at $30,000 after buying an additional 900 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in Super Micro Computer by 2,890.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 987 shares of the company’s stock worth $30,000 after purchasing an additional 954 shares in the last quarter. Larson Financial Group LLC raised its holdings in Super Micro Computer by 902.0% in the 4th quarter. Larson Financial Group LLC now owns 992 shares of the company’s stock worth $30,000 after purchasing an additional 893 shares in the last quarter. Finally, Toth Financial Advisory Corp bought a new position in Super Micro Computer in the 4th quarter worth $31,000. 84.06% of the stock is currently owned by institutional investors.

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.