Super Micro Computer, Inc. (NASDAQ:SMCI) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) have been given an average rating of “Hold” by the eighteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, ten have given a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $60.20.

SMCI has been the topic of several analyst reports. JPMorgan Chase & Co. increased their target price on Super Micro Computer from $23.00 to $35.00 and gave the company an “underweight” rating in a research note on Wednesday, February 12th. 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 report on Tuesday, February 11th. The Goldman Sachs Group dropped their price objective 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. Argus downgraded Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Finally, Northland Securities reissued an “outperform” rating and set a $57.00 target price (up from $54.00) on shares of Super Micro Computer in a research note on Wednesday, February 12th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SMCI. Salem Investment Counselors Inc. acquired a new stake in Super Micro Computer in the 4th quarter valued at about $30,000. Trust Co. of Vermont lifted its holdings in shares of 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 buying an additional 900 shares in the last quarter. Parkside Financial Bank & Trust boosted 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 valued at $30,000 after purchasing an additional 954 shares during the period. Larson Financial Group LLC boosted its stake in shares of Super Micro Computer by 902.0% in the fourth quarter. Larson Financial Group LLC now owns 992 shares of the company’s stock valued at $30,000 after buying an additional 893 shares during the period. Finally, Toth Financial Advisory Corp bought a new stake in shares of Super Micro Computer during the 4th quarter valued at $31,000. Institutional investors and hedge funds own 84.06% of the company’s stock.

Super Micro Computer Stock Performance

Shares of Super Micro Computer stock opened at $60.25 on Thursday. The firm has a fifty day moving average of $34.41 and a two-hundred day moving average of $39.72. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. The stock has a market capitalization of $35.28 billion, a price-to-earnings ratio of 30.25 and a beta of 1.30. Super Micro Computer has a 52 week low of $17.25 and a 52 week high of $122.90.

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.