Analysts Set Super Micro Computer, Inc. (NASDAQ:SMCI) PT at $66.89

Super Micro Computer, Inc. (NASDAQ:SMCI) has earned an average rating of “Hold” from the seventeen ratings firms that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $66.89.

Several equities analysts have commented on SMCI shares. Wells Fargo & Company lowered their target price on shares of Super Micro Computer from $65.00 to $37.50 and set an “equal weight” rating on the stock in a research note on Wednesday, August 28th. The Goldman Sachs Group lowered their target price on shares of 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. Mizuho began coverage on shares of Super Micro Computer in a research note on Tuesday, September 17th. They set a “neutral” rating and a $45.00 target price on the stock. StockNews.com lowered shares of Super Micro Computer from a “hold” rating to a “sell” rating in a research report on Wednesday, October 9th. Finally, Wedbush restated a “neutral” rating and set a $32.00 price objective (down previously from $62.00) on shares of Super Micro Computer in a research report on Monday, November 4th.

Super Micro Computer Stock Up 0.5 %

Super Micro Computer stock opened at $44.16 on Friday. The stock has a market cap of $24.70 billion, a price-to-earnings ratio of 22.05 and a beta of 1.29. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. The company’s 50-day moving average price is $36.99 and its two-hundred day moving average price is $57.33. Super Micro Computer has a 52 week low of $17.25 and a 52 week high of $122.90.

Institutional Trading of Super Micro Computer

Several institutional investors have recently made changes to their positions in the stock. State Street Corp boosted its holdings in shares of Super Micro Computer by 4.3% during the third quarter. State Street Corp now owns 2,138,142 shares of the company’s stock worth $890,322,000 after purchasing an additional 88,692 shares during the period. Geode Capital Management LLC raised its position in Super Micro Computer by 1.3% during the third quarter. Geode Capital Management LLC now owns 1,266,040 shares of the company’s stock valued at $529,753,000 after acquiring an additional 16,007 shares in the last quarter. Disciplined Growth Investors Inc. MN raised its position in Super Micro Computer by 3.1% during the third quarter. Disciplined Growth Investors Inc. MN now owns 1,043,469 shares of the company’s stock valued at $434,500,000 after acquiring an additional 31,064 shares in the last quarter. International Assets Investment Management LLC raised its position in Super Micro Computer by 63,634.1% during the third quarter. International Assets Investment Management LLC now owns 916,496 shares of the company’s stock valued at $381,629,000 after acquiring an additional 915,058 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Super Micro Computer by 0.6% during the second quarter. Dimensional Fund Advisors LP now owns 345,830 shares of the company’s stock valued at $283,609,000 after acquiring an additional 2,011 shares in the last quarter. 84.06% of the stock is currently owned by institutional investors and hedge funds.

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.