Super Micro Computer, Inc. (NASDAQ:SMCI) Receives Consensus Rating of “Hold” from Analysts

Super Micro Computer, Inc. (NASDAQ:SMCI) has earned an average recommendation of “Hold” from the eighteen analysts that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $60.20.

SMCI has been the topic of several research analyst reports. Northland Capmk raised shares of Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. The Goldman Sachs Group cut their target price on Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 6th. Loop Capital upped their price target on shares of Super Micro Computer from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Wedbush increased their price objective on Super Micro Computer from $24.00 to $40.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. Finally, Northland Securities reiterated an “outperform” rating and issued a $57.00 target price (up previously from $54.00) on shares of Super Micro Computer in a report on Wednesday, February 12th.

Super Micro Computer Stock Up 8.0 %

SMCI opened at $60.25 on Thursday. The stock has a market cap of $35.28 billion, a P/E ratio of 30.25 and a beta of 1.30. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. Super Micro Computer has a 12 month low of $17.25 and a 12 month high of $122.90. The stock’s 50 day moving average price is $34.41 and its 200 day moving average price is $39.72.

Hedge Funds Weigh In On Super Micro Computer

Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in Super Micro Computer by 908.4% in the 4th quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company’s stock valued at $1,889,531,000 after purchasing an additional 55,845,073 shares during the period. Geode Capital Management LLC boosted its holdings in Super Micro Computer by 914.7% during the fourth quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company’s stock valued at $390,572,000 after purchasing an additional 11,580,677 shares in the last quarter. FMR LLC acquired a new stake in Super Micro Computer in the 4th quarter valued at $292,869,000. Invesco Ltd. grew its holdings in shares of Super Micro Computer by 929.5% in the 4th quarter. Invesco Ltd. now owns 7,542,742 shares of the company’s stock worth $229,903,000 after purchasing an additional 6,810,082 shares during the last quarter. Finally, Northern Trust Corp grew its stake in Super Micro Computer by 1,573.8% during the fourth quarter. Northern Trust Corp now owns 4,897,876 shares of the company’s stock worth $149,287,000 after buying an additional 4,605,260 shares during the last quarter. 84.06% of the stock is currently owned by institutional investors.

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.