Loop Capital Forecasts Strong Price Appreciation for Super Micro Computer (NASDAQ:SMCI) Stock

Super Micro Computer (NASDAQ:SMCI) had its target price raised by investment analysts at Loop Capital from $40.00 to $50.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Loop Capital’s target price points to a potential upside of 18.26% from the company’s current price.

Several other analysts have also commented on the company. Wedbush raised their target price on Super Micro Computer from $24.00 to $40.00 and gave the stock a “neutral” rating in a report on Wednesday. Argus lowered Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Cfra raised Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a report on Tuesday. JPMorgan Chase & Co. raised their target price on Super Micro Computer from $23.00 to $35.00 and gave the stock an “underweight” rating in a report on Wednesday. Finally, Northland Securities reaffirmed an “outperform” rating and set a $57.00 target price (up from $54.00) on shares of Super Micro Computer in a report on Wednesday. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Super Micro Computer currently has an average rating of “Hold” and a consensus target price of $60.20.

Super Micro Computer Trading Up 6.6 %

Shares of NASDAQ:SMCI opened at $42.28 on Wednesday. Super Micro Computer has a 52-week low of $17.25 and a 52-week high of $122.90. The stock has a market cap of $24.76 billion, a price-to-earnings ratio of 21.23 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. The business has a 50-day moving average price of $33.51 and a 200-day moving average price of $40.31.

Institutional Trading of Super Micro Computer

A number of institutional investors have recently made changes to their positions in SMCI. CWM LLC boosted its stake in shares of Super Micro Computer by 11.7% in the third quarter. CWM LLC now owns 2,773 shares of the company’s stock worth $1,155,000 after acquiring an additional 290 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of Super Micro Computer by 252.8% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 374 shares of the company’s stock worth $156,000 after acquiring an additional 268 shares during the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of Super Micro Computer by 276.9% in the third quarter. Exchange Traded Concepts LLC now owns 1,779 shares of the company’s stock worth $741,000 after acquiring an additional 1,307 shares during the last quarter. Creative Planning boosted its stake in shares of Super Micro Computer by 9.1% in the third quarter. Creative Planning now owns 9,038 shares of the company’s stock worth $3,763,000 after acquiring an additional 755 shares during the last quarter. Finally, Prospect Financial Services LLC acquired a new stake in shares of Super Micro Computer in the third quarter worth approximately $208,000. 84.06% of the stock is owned by institutional investors and hedge funds.

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.