Super Micro Computer (NASDAQ:SMCI) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Super Micro Computer (NASDAQ:SMCI) from an underweight rating to a neutral rating in a research report sent to investors on Friday morning, Marketbeat Ratings reports. They currently have $45.00 price target on the stock, up from their prior price target of $35.00.

Other equities research analysts have also recently issued reports about the stock. Loop Capital reiterated a “buy” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Northland Securities set a $70.00 price objective on shares of Super Micro Computer in a report on Thursday, March 6th. Barclays initiated coverage on shares of Super Micro Computer in a report on Thursday, February 27th. They issued an “equal weight” rating and a $59.00 price objective for the company. Wedbush reiterated a “hold” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Finally, The Goldman Sachs Group upped their price objective on shares of Super Micro Computer from $32.00 to $36.00 and gave the stock a “neutral” rating in a report on Monday, February 24th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $53.29.

Super Micro Computer Trading Up 7.8 %

Shares of NASDAQ:SMCI opened at $42.15 on Friday. The stock has a market capitalization of $25.02 billion, a PE ratio of 21.16 and a beta of 1.21. Super Micro Computer has a 1 year low of $17.25 and a 1 year high of $110.61. The firm has a fifty day moving average price of $38.66 and a 200 day moving average price of $37.92. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32.

Insider Activity

In other news, CEO Charles Liang sold 46,293 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $50.17, for a total transaction of $2,322,519.81. Following the completion of the transaction, the chief executive officer now owns 67,403,640 shares of the company’s stock, valued at approximately $3,381,640,618.80. This represents a 0.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert L. Blair sold 19,460 shares of the company’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $42.58, for a total transaction of $828,606.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 137,473 shares of company stock valued at $6,771,552. Insiders own 17.60% of the company’s stock.

Institutional Trading of Super Micro Computer

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SMCI. Vanguard Group Inc. increased its stake in Super Micro Computer by 908.4% in the fourth quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company’s stock valued at $1,889,531,000 after acquiring an additional 55,845,073 shares during the period. Geode Capital Management LLC increased its stake in Super Micro Computer by 914.7% in the fourth quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company’s stock valued at $390,572,000 after acquiring an additional 11,580,677 shares during the period. FMR LLC bought a new stake in Super Micro Computer in the fourth quarter valued at about $292,869,000. Invesco Ltd. increased its stake in Super Micro Computer by 929.5% in the fourth quarter. Invesco Ltd. now owns 7,542,742 shares of the company’s stock valued at $229,903,000 after acquiring an additional 6,810,082 shares during the period. Finally, Northern Trust Corp increased its stake in 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 valued at $149,287,000 after acquiring an additional 4,605,260 shares during the period. Institutional investors own 84.06% of the company’s stock.

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.