Analysts Set Super Micro Computer, Inc. (NASDAQ:SMCI) Target Price at $60.20

Super Micro Computer, Inc. (NASDAQ:SMCI) has received an average rating of “Hold” from the eighteen analysts that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $60.73.

A number of research analysts have commented on the stock. Loop Capital reissued a “buy” rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Wedbush reissued a “hold” rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. JPMorgan Chase & Co. raised their target price on shares of Super Micro Computer from $23.00 to $35.00 and gave the company an “underweight” rating in a research report on Wednesday, February 12th. Cfra upgraded shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a report on Tuesday, February 11th. Finally, Northland Securities reiterated an “outperform” rating and issued a $57.00 target price (up from $54.00) on shares of Super Micro Computer in a research note on Wednesday, February 12th.

Super Micro Computer Trading Up 12.2 %

SMCI stock opened at $51.11 on Thursday. The company has a market capitalization of $29.93 billion, a PE ratio of 25.66 and a beta of 1.30. Super Micro Computer has a 12 month low of $17.25 and a 12 month high of $122.90. The firm’s 50-day moving average is $36.20 and its 200 day moving average is $39.65. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93.

Institutional Trading of Super Micro Computer

Several institutional investors and hedge funds have recently bought and sold shares of the business. B. Riley Wealth Advisors Inc. acquired a new stake in Super Micro Computer during the 4th quarter valued at approximately $733,000. Great Valley Advisor Group Inc. lifted its stake in Super Micro Computer by 680.3% during the 4th quarter. Great Valley Advisor Group Inc. now owns 104,335 shares of the company’s stock valued at $3,180,000 after acquiring an additional 90,964 shares during the period. Vermillion Wealth Management Inc. acquired a new stake in Super Micro Computer during the 4th quarter valued at approximately $107,000. Mackenzie Financial Corp increased its holdings in shares of Super Micro Computer by 445.8% during the 4th quarter. Mackenzie Financial Corp now owns 31,660 shares of the company’s stock valued at $965,000 after purchasing an additional 25,859 shares in the last quarter. Finally, Griffith & Werner Inc. purchased a new position in shares of Super Micro Computer during the 4th quarter valued at approximately $700,000. 84.06% of the stock is currently owned by institutional investors and hedge funds.

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.