Super Micro Computer (NASDAQ:SMCI) Raised to “Strong-Buy” at Northland Capmk

Super Micro Computer (NASDAQ:SMCI) was upgraded by equities research analysts at Northland Capmk to a “strong-buy” rating in a research note issued to investors on Friday,Zacks.com reports.

A number of other analysts also recently issued reports on the company. StockNews.com cut Super Micro Computer from a “hold” rating to a “sell” rating in a report on Wednesday, October 9th. Cfra reaffirmed a “hold” rating and set a $45.40 target price (down previously from $72.90) on shares of Super Micro Computer in a report on Wednesday, August 28th. The Goldman Sachs Group lowered their price target on Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating for the company in a research report on Wednesday, November 6th. Mizuho initiated coverage on shares of Super Micro Computer in a research report on Tuesday, September 17th. They set a “neutral” rating and a $45.00 price objective for the company. Finally, Wedbush reiterated a “neutral” rating and set a $32.00 price target (down from $62.00) on shares of Super Micro Computer in a research note on Monday, November 4th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $66.89.

Super Micro Computer Price Performance

Shares of Super Micro Computer stock opened at $31.59 on Friday. The business has a 50 day moving average of $35.34 and a 200 day moving average of $54.30. The company has a market cap of $17.67 billion, a PE ratio of 15.86 and a beta of 1.29. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. Super Micro Computer has a 52 week low of $17.25 and a 52 week high of $122.90.

Hedge Funds Weigh In On Super Micro Computer

A number of hedge funds have recently made changes to their positions in SMCI. Farmers & Merchants Investments Inc. increased its holdings in shares of Super Micro Computer by 400.0% during the second quarter. Farmers & Merchants Investments Inc. now owns 30 shares of the company’s stock worth $25,000 after buying an additional 24 shares in the last quarter. Moser Wealth Advisors LLC acquired a new stake in Super Micro Computer during the 2nd quarter worth $25,000. Hazlett Burt & Watson Inc. lifted its holdings in shares of Super Micro Computer by 141.2% during 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 in the last quarter. AlphaCentric Advisors LLC bought a new stake in Super Micro Computer in the 2nd quarter valued at $42,000. Finally, Resources Management Corp CT ADV grew its holdings in shares of Super Micro Computer by 100.0% during the second quarter. Resources Management Corp CT ADV now owns 60 shares of the company’s stock worth $49,000 after buying an additional 30 shares in the last quarter. Institutional investors and hedge funds 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.