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

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) have earned an average rating of “Hold” from the eighteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $66.89.

Several research analysts have recently issued reports on SMCI shares. The Goldman Sachs Group reduced their price objective on Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating for the company in a research note on Wednesday, November 6th. StockNews.com cut shares of Super Micro Computer from a “hold” rating to a “sell” rating in a research note on Wednesday, October 9th. Loop Capital cut their price objective on shares of Super Micro Computer from $150.00 to $100.00 and set a “buy” rating on the stock in a research note on Monday, September 23rd. Needham & Company LLC started coverage on shares of Super Micro Computer in a research report on Wednesday, September 18th. They set a “buy” rating and a $60.00 target price for the company. Finally, Mizuho began coverage on shares of Super Micro Computer in a report on Tuesday, September 17th. They issued a “neutral” rating and a $45.00 price target on the stock.

Super Micro Computer Stock Performance

Shares of SMCI stock opened at $33.33 on Wednesday. The business has a fifty day moving average of $32.63 and a 200 day moving average of $51.15. Super Micro Computer has a 1 year low of $17.25 and a 1 year high of $122.90. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. The firm has a market capitalization of $18.64 billion, a price-to-earnings ratio of 16.73 and a beta of 1.29.

Institutional Investors Weigh In On Super Micro Computer

Several institutional investors and hedge funds have recently added to or reduced their stakes in SMCI. Everence Capital Management Inc. lifted its holdings in Super Micro Computer by 1,366.0% during the fourth quarter. Everence Capital Management Inc. now owns 15,540 shares of the company’s stock valued at $474,000 after purchasing an additional 14,480 shares in the last quarter. GAMMA Investing LLC lifted its stake in Super Micro Computer by 1,160.6% in the 4th quarter. GAMMA Investing LLC now owns 6,341 shares of the company’s stock valued at $193,000 after buying an additional 5,838 shares in the last quarter. Retirement Systems of Alabama boosted its holdings in Super Micro Computer by 2.3% in the 3rd quarter. Retirement Systems of Alabama now owns 11,367 shares of the company’s stock worth $4,733,000 after buying an additional 258 shares during the last quarter. Synovus Financial Corp purchased a new stake in Super Micro Computer during the 3rd quarter worth approximately $443,000. Finally, Tidal Investments LLC raised its holdings in shares of Super Micro Computer by 143.8% during the third 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 last quarter. Hedge funds and other institutional investors own 84.06% of the company’s stock.

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.