Super Micro Computer (NASDAQ:SMCI) Stock Rating Upgraded by Northland Capmk

Super Micro Computer (NASDAQ:SMCI) was upgraded by equities research analysts at Northland Capmk to a “strong-buy” rating in a research report issued to clients and investors on Friday,Zacks.com reports.

Several other analysts have also issued reports on SMCI. StockNews.com lowered Super Micro Computer from a “hold” rating to a “sell” rating in a research note on Wednesday, October 9th. Cfra reaffirmed a “hold” rating and issued a $45.40 price objective (down previously from $72.90) on shares of Super Micro Computer in a research note on Wednesday, August 28th. JPMorgan Chase & Co. cut shares of Super Micro Computer from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $50.00 to $23.00 in a research report on Wednesday, November 6th. Mizuho began coverage on shares of Super Micro Computer in a research report on Tuesday, September 17th. They set a “neutral” rating and a $45.00 price target for the company. Finally, Wedbush reiterated a “neutral” rating and issued a $32.00 price objective (down previously from $62.00) on shares of Super Micro Computer in a report on Monday, November 4th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Super Micro Computer has an average rating of “Hold” and a consensus price target of $66.89.

Super Micro Computer Trading Up 1.1 %

Shares of SMCI stock opened at $31.59 on Friday. The business has a 50-day moving average price of $35.34 and a two-hundred day moving average price of $54.30. Super Micro Computer has a 12-month low of $17.25 and a 12-month high of $122.90. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. The firm has a market cap of $17.67 billion, a P/E ratio of 15.86 and a beta of 1.29.

Institutional Investors Weigh In On Super Micro Computer

A number of large investors have recently modified their holdings of SMCI. Rakuten Securities Inc. boosted its position in shares of Super Micro Computer by 391.8% during the third quarter. Rakuten Securities Inc. now owns 76,660 shares of the company’s stock valued at $31,921,000 after purchasing an additional 61,071 shares in the last quarter. Assetmark Inc. boosted its holdings in shares of Super Micro Computer by 164.8% during the 3rd quarter. Assetmark Inc. now owns 150,333 shares of the company’s stock valued at $62,599,000 after buying an additional 93,569 shares in the last quarter. Sanctuary Advisors LLC grew its position in shares of Super Micro Computer by 254.7% in the 3rd quarter. Sanctuary Advisors LLC now owns 30,634 shares of the company’s stock worth $12,756,000 after buying an additional 21,997 shares during the period. Bridgewater Associates LP increased its stake in shares of Super Micro Computer by 921.1% in the 3rd quarter. Bridgewater Associates LP now owns 161,104 shares of the company’s stock worth $67,084,000 after acquiring an additional 145,327 shares in the last quarter. Finally, Tidal Investments LLC lifted its position in Super Micro Computer by 143.8% during the 3rd quarter. Tidal Investments LLC now owns 50,355 shares of the company’s stock valued at $20,968,000 after acquiring an additional 29,697 shares during the period. Institutional investors 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.