Super Micro Computer, Inc. (NASDAQ:SMCI) Receives $66.89 Average Target Price from Brokerages

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) have received an average recommendation of “Hold” from the seventeen brokerages that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $66.89.

A number of research firms have recently weighed in on SMCI. Needham & Company LLC assumed coverage on Super Micro Computer in a research report on Wednesday, September 18th. They set a “buy” rating and a $60.00 price objective on the stock. Cfra reaffirmed a “hold” rating and set a $45.40 price target (down previously from $72.90) on shares of Super Micro Computer in a report on Wednesday, August 28th. JPMorgan Chase & Co. cut shares of Super Micro Computer from a “neutral” rating to an “underweight” rating and reduced their price objective for the stock from $50.00 to $23.00 in a research note on Wednesday, November 6th. Barclays lowered their target price on shares of Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 2nd. Finally, StockNews.com cut Super Micro Computer from a “hold” rating to a “sell” rating in a report on Wednesday, October 9th.

Super Micro Computer Price Performance

NASDAQ SMCI opened at $18.01 on Tuesday. The business’s fifty day moving average is $40.61 and its 200 day moving average is $63.43. Super Micro Computer has a fifty-two week low of $17.36 and a fifty-two week high of $122.90. 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 company has a market capitalization of $10.07 billion, a PE ratio of 9.45 and a beta of 1.28.

Institutional Investors Weigh In On Super Micro Computer

Hedge funds have recently bought and sold shares of the business. Farmers & Merchants Investments Inc. raised its position in shares of Super Micro Computer by 400.0% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 30 shares of the company’s stock valued at $25,000 after buying an additional 24 shares in the last quarter. Moser Wealth Advisors LLC bought a new stake in shares of Super Micro Computer in the 2nd quarter valued at approximately $25,000. Hazlett Burt & Watson Inc. lifted its stake in shares of Super Micro Computer by 141.2% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 41 shares of the company’s stock valued at $34,000 after purchasing an additional 24 shares during the last quarter. AlphaCentric Advisors LLC bought a new position in shares of Super Micro Computer during the 2nd quarter valued at approximately $42,000. Finally, First PREMIER Bank raised its holdings in Super Micro Computer by 126.1% during the 2nd quarter. First PREMIER Bank now owns 52 shares of the company’s stock valued at $43,000 after buying an additional 29 shares during the period. Hedge funds and other 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.