Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) has earned an average recommendation of "Hold" from the eighteen research firms that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $66.89.
A number of research analysts have weighed in on the stock. Barclays cut their price objective on shares of Super Micro Computer from $438.00 to $42.00 and set an "equal weight" rating on the stock in a research report on Wednesday, October 2nd. Northland Capmk upgraded shares of Super Micro Computer to a "strong-buy" rating in a report on Friday, December 20th. StockNews.com downgraded shares of Super Micro Computer from a "hold" rating to a "sell" rating in a research note on Wednesday, October 9th. 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 note on Wednesday, November 6th. Finally, Mizuho initiated coverage on Super Micro Computer in a research note on Tuesday, September 17th. They set a "neutral" rating and a $45.00 price target for the company.
Check Out Our Latest Research Report on SMCI
NASDAQ SMCI opened at $30.48 on Wednesday. The company has a market cap of $17.05 billion, a P/E ratio of 15.30 and a beta of 1.29. The business's 50 day moving average price is $33.25 and its 200-day moving average price is $51.67. Super Micro Computer has a fifty-two week low of $17.25 and a fifty-two week high of $122.90. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77.
A number of large investors have recently bought and sold shares of the business. Rakuten Securities Inc. increased its holdings in shares of Super Micro Computer by 391.8% in the 3rd quarter. Rakuten Securities Inc. now owns 76,660 shares of the company's stock valued at $31,921,000 after acquiring an additional 61,071 shares during the period. Assetmark Inc. raised its holdings in Super Micro Computer by 164.8% in the third quarter. Assetmark Inc. now owns 150,333 shares of the company's stock worth $62,599,000 after purchasing an additional 93,569 shares in the last quarter. Sanctuary Advisors LLC lifted its position 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 valued at $12,756,000 after buying an additional 21,997 shares during the last quarter. Bridgewater Associates LP boosted its holdings in shares of Super Micro Computer by 921.1% in the 3rd quarter. Bridgewater Associates LP now owns 161,104 shares of the company's stock valued at $67,084,000 after buying an additional 145,327 shares in the last quarter. Finally, Tidal Investments LLC grew its position in shares of Super Micro Computer by 143.8% in the 3rd quarter. Tidal Investments LLC now owns 50,355 shares of the company's stock worth $20,968,000 after buying an additional 29,697 shares during the last quarter. Institutional investors own 84.06% of the company's stock.
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.
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