Analysts Set Super Micro Computer, Inc. (NASDAQ:SMCI) PT at $66.89

Super Micro Computer, Inc. (NASDAQ:SMCI) has been given an average recommendation of “Hold” by the seventeen ratings firms that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $66.89.

SMCI has been the topic of a number of analyst reports. Loop Capital decreased their target price on shares of Super Micro Computer from $150.00 to $100.00 and set a “buy” rating on the stock in a research report on Monday, September 23rd. JPMorgan Chase & Co. downgraded Super Micro Computer from a “neutral” rating to an “underweight” rating and reduced their price target for the stock from $50.00 to $23.00 in a research report on Wednesday, November 6th. Cfra reaffirmed a “hold” rating and issued a $45.40 price objective (down from $72.90) on shares of Super Micro Computer in a report on Wednesday, August 28th. The Goldman Sachs Group cut their target price 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. Finally, Mizuho assumed coverage on Super Micro Computer in a research note on Tuesday, September 17th. They issued a “neutral” rating and a $45.00 price target for the company.

Institutional Trading of Super Micro Computer

A number of hedge funds and other institutional investors have recently modified their holdings of SMCI. Retirement Systems of Alabama lifted its stake in shares of Super Micro Computer by 2.3% in the 3rd quarter. Retirement Systems of Alabama now owns 11,367 shares of the company’s stock valued at $4,733,000 after acquiring an additional 258 shares during the last quarter. Synovus Financial Corp acquired a new position in Super Micro Computer in the 3rd quarter worth about $443,000. Tidal Investments LLC raised its position in Super Micro Computer by 143.8% in the third quarter. Tidal Investments LLC now owns 50,355 shares of the company’s stock valued at $20,968,000 after purchasing an additional 29,697 shares during the last quarter. World Investment Advisors LLC boosted its stake in shares of Super Micro Computer by 13,210.5% during the third quarter. World Investment Advisors LLC now owns 56,969 shares of the company’s stock valued at $23,722,000 after purchasing an additional 56,541 shares in the last quarter. Finally, Sanctuary Advisors LLC grew its holdings in shares of Super Micro Computer by 254.7% during the third quarter. Sanctuary Advisors LLC now owns 30,634 shares of the company’s stock worth $12,756,000 after purchasing an additional 21,997 shares during the last quarter. Institutional investors own 84.06% of the company’s stock.

Super Micro Computer Trading Down 3.9 %

SMCI stock opened at $36.45 on Friday. Super Micro Computer has a 52 week low of $17.25 and a 52 week high of $122.90. The company has a market capitalization of $20.39 billion, a PE ratio of 18.32 and a beta of 1.29. The company’s 50-day simple moving average is $36.79 and its 200 day simple moving average is $56.10. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77.

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.