Super Micro Computer (NASDAQ:SMCI) Given New $36.00 Price Target at The Goldman Sachs Group

Super Micro Computer (NASDAQ:SMCI) had its price target lifted by The Goldman Sachs Group from $32.00 to $36.00 in a report issued on Monday,Benzinga reports. They currently have a neutral rating on the stock.

SMCI has been the topic of a number of other reports. Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. Loop Capital reiterated a “buy” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Cfra upgraded Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research report on Tuesday, February 11th. Northland Securities reaffirmed an “outperform” rating and set a $57.00 price target (up from $54.00) on shares of Super Micro Computer in a research note on Wednesday, February 12th. Finally, JPMorgan Chase & Co. boosted their price objective on Super Micro Computer from $23.00 to $35.00 and gave the stock an “underweight” rating in a research note on Wednesday, February 12th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $60.73.

Super Micro Computer Price Performance

Shares of SMCI opened at $51.61 on Monday. Super Micro Computer has a one year low of $17.25 and a one year high of $122.90. The stock’s fifty day moving average is $35.59 and its 200-day moving average is $39.69. 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 capitalization of $30.22 billion, a price-to-earnings ratio of 25.91 and a beta of 1.30.

Institutional Investors Weigh In On Super Micro Computer

Large investors have recently made changes to their positions in the company. Rakuten Securities Inc. grew its position in Super Micro Computer by 391.8% during the 3rd quarter. Rakuten Securities Inc. now owns 76,660 shares of the company’s stock worth $31,921,000 after purchasing an additional 61,071 shares in the last quarter. Assetmark Inc. boosted its position in shares of Super Micro Computer by 164.8% in the third quarter. Assetmark Inc. now owns 150,333 shares of the company’s stock worth $62,599,000 after buying an additional 93,569 shares during the period. Clear Creek Financial Management LLC acquired a new stake in shares of Super Micro Computer in the fourth quarter worth $635,000. Nepsis Inc. purchased a new position in shares of Super Micro Computer during the fourth quarter valued at $13,625,000. Finally, Sanctuary Advisors LLC raised its position in Super Micro Computer by 254.7% during the third quarter. Sanctuary Advisors LLC now owns 30,634 shares of the company’s stock valued at $12,756,000 after buying an additional 21,997 shares during the period. Institutional investors and hedge funds 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.