Super Micro Computer (NASDAQ:SMCI) Stock Price Expected to Rise, Loop Capital Analyst Says

Super Micro Computer (NASDAQ:SMCI) had its target price hoisted by equities researchers at Loop Capital from $35.00 to $40.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Loop Capital’s price target would indicate a potential upside of 20.23% from the company’s current price.

Several other brokerages have also issued reports on SMCI. JPMorgan Chase & Co. lowered shares of Super Micro Computer from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from $50.00 to $23.00 in a research note on Wednesday, November 6th. Wedbush restated a “neutral” rating and issued a $32.00 target price (down from $62.00) on shares of Super Micro Computer in a research note on Monday, November 4th. Northland Capmk raised Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. The Goldman Sachs Group decreased their price objective on Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating for the company in a report on Wednesday, November 6th. Finally, Argus downgraded shares of Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Three research 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 company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $62.89.

Super Micro Computer Price Performance

SMCI opened at $33.27 on Thursday. Super Micro Computer has a fifty-two week low of $17.25 and a fifty-two week high of $122.90. The firm has a 50-day moving average of $33.83 and a 200 day moving average of $45.41. 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 firm has a market cap of $18.61 billion, a P/E ratio of 16.70 and a beta of 1.31.

Institutional Investors Weigh In On Super Micro Computer

Institutional investors and hedge funds have recently made changes to their positions in the business. AE Wealth Management LLC raised its holdings in shares of Super Micro Computer by 48.0% in the 2nd quarter. AE Wealth Management LLC now owns 980 shares of the company’s stock valued at $803,000 after acquiring an additional 318 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in Super Micro Computer by 52.2% during the second quarter. Thrivent Financial for Lutherans now owns 3,655 shares of the company’s stock valued at $2,995,000 after purchasing an additional 1,254 shares during the last quarter. Bank of Montreal Can grew its stake in Super Micro Computer by 15.7% in the 2nd quarter. Bank of Montreal Can now owns 73,099 shares of the company’s stock worth $61,783,000 after buying an additional 9,912 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of Super Micro Computer by 68.1% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 10,092 shares of the company’s stock worth $8,269,000 after buying an additional 4,090 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Super Micro Computer during the 2nd quarter valued at $36,925,000. 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.