Super Micro Computer (NASDAQ:SMCI) Given New $39.00 Price Target at JPMorgan Chase & Co.

Super Micro Computer (NASDAQ:SMCI) had its price target cut by stock analysts at JPMorgan Chase & Co. from $45.00 to $39.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 22.90% from the stock’s current price.

Other research analysts have also recently issued reports about the stock. The Goldman Sachs Group cut shares of Super Micro Computer from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $40.00 to $32.00 in a report on Monday, March 24th. Northland Securities set a $70.00 target price on Super Micro Computer in a research note on Thursday, March 6th. StockNews.com raised shares of Super Micro Computer to a “sell” rating in a report on Friday, February 28th. Loop Capital reiterated a “buy” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Finally, Barclays initiated coverage on shares of Super Micro Computer in a research report on Thursday, February 27th. They set an “equal weight” rating and a $59.00 price target for the company. Three analysts have rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $52.57.

Super Micro Computer Stock Performance

Shares of Super Micro Computer stock opened at $31.73 on Thursday. Super Micro Computer has a 1-year low of $17.25 and a 1-year high of $102.03. The company has a market cap of $18.83 billion, a P/E ratio of 15.91 and a beta of 1.22. The business has a 50-day moving average price of $40.10 and a two-hundred day moving average price of $36.67. 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 Super Micro Computer news, CEO Charles Liang sold 46,293 shares of Super Micro Computer stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $50.17, for a total transaction of $2,322,519.81. Following the completion of the sale, the chief executive officer now owns 67,403,640 shares of the company’s stock, valued at approximately $3,381,640,618.80. The trade was a 0.07 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robert L. Blair sold 19,460 shares of the business’s stock in a transaction on 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 quarter, insiders sold 137,473 shares of company stock valued at $6,771,552. Corporate insiders own 17.60% of the company’s stock.

Hedge Funds Weigh In On Super Micro Computer

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