Brokerages Set Super Micro Computer, Inc. (NASDAQ:SMCI) PT at $60.20

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) have earned a consensus rating of “Hold” from the eighteen ratings firms that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, ten have given a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $60.20.

A number of analysts recently commented on the stock. Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. Cfra raised shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a research report on Tuesday, February 11th. Northland Securities reissued an “outperform” rating and set a $57.00 price target (up from $54.00) on shares of Super Micro Computer in a research report on Wednesday, February 12th. Loop Capital reissued a “buy” rating on shares of Super Micro Computer in a research report on Tuesday. Finally, Argus lowered shares of Super Micro Computer from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st.

Super Micro Computer Stock Down 5.4 %

SMCI stock opened at $56.07 on Thursday. The firm has a 50 day moving average of $35.23 and a 200 day moving average of $39.82. The stock has a market capitalization of $32.83 billion, a PE ratio of 28.15 and a beta of 1.30. 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.

Institutional Investors Weigh In On Super Micro Computer

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vermillion Wealth Management Inc. purchased a new stake in Super Micro Computer in the 4th quarter worth $107,000. Mackenzie Financial Corp increased its holdings in Super Micro Computer by 445.8% in the 4th quarter. Mackenzie Financial Corp now owns 31,660 shares of the company’s stock worth $965,000 after acquiring an additional 25,859 shares in the last quarter. Griffith & Werner Inc. purchased a new stake in Super Micro Computer in the 4th quarter worth $700,000. Toronto Dominion Bank increased its holdings in Super Micro Computer by 835.0% in the 4th quarter. Toronto Dominion Bank now owns 181,578 shares of the company’s stock worth $5,535,000 after acquiring an additional 162,158 shares in the last quarter. Finally, Warm Springs Advisors Inc. purchased a new stake in Super Micro Computer in the 4th quarter worth $1,063,000. 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.