JPMorgan Chase & Co. Boosts Super Micro Computer (NASDAQ:SMCI) Price Target to $35.00

Super Micro Computer (NASDAQ:SMCI) had its price objective increased by JPMorgan Chase & Co. from $23.00 to $35.00 in a research report report published on Wednesday morning,Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the stock.

Several other analysts also recently commented on the company. Loop Capital increased their target price on Super Micro Computer from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. The Goldman Sachs Group dropped their price target on 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. Northland Securities restated an “outperform” rating and issued a $57.00 price target (up from $54.00) on shares of Super Micro Computer in a research note on Wednesday. Northland Capmk upgraded Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. Finally, Wedbush restated a “neutral” rating and issued a $32.00 price target (down from $62.00) on shares of Super Micro Computer in a research note on Monday, November 4th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $60.20.

Super Micro Computer Stock Performance

Shares of SMCI opened at $47.91 on Wednesday. The business’s fifty day simple moving average is $33.59 and its two-hundred day simple moving average 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. Super Micro Computer has a 12 month low of $17.25 and a 12 month high of $122.90. The company has a market cap of $28.05 billion, a price-to-earnings ratio of 24.05 and a beta of 1.30.

Institutional Investors Weigh In On Super Micro Computer

Several large investors have recently made changes to their positions in SMCI. Salem Investment Counselors Inc. bought a new stake in shares of Super Micro Computer in the fourth quarter worth about $30,000. Trust Co. of Vermont increased its holdings in shares of Super Micro Computer by 900.0% in 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 during 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 acquiring an additional 954 shares during the last quarter. Larson Financial Group LLC increased its stake in Super Micro Computer by 902.0% during the fourth quarter. Larson Financial Group LLC now owns 992 shares of the company’s stock worth $30,000 after acquiring an additional 893 shares during the last quarter. Finally, Toth Financial Advisory Corp bought a new stake in Super Micro Computer during the fourth quarter worth approximately $31,000. 84.06% of the stock is 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.