Super Micro Computer (NASDAQ:SMCI) Given New $50.00 Price Target at Loop Capital

Super Micro Computer (NASDAQ:SMCI) had its target price increased by Loop Capital from $40.00 to $50.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Loop Capital’s price target would suggest a potential upside of 24.93% from the company’s previous close.

A number of other equities analysts also recently weighed in on the stock. Northland Securities reissued an “outperform” rating and set a $57.00 target price (up previously from $54.00) on shares of Super Micro Computer in a research note on Wednesday. Argus downgraded shares of Super Micro Computer from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. lifted their price target on shares of Super Micro Computer from $23.00 to $35.00 and gave the company an “underweight” rating in a research note on Wednesday. The Goldman Sachs Group decreased their price target on shares of Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating for the company in a research note on Wednesday, November 6th. Finally, Cfra raised shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a research note on Tuesday. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Super Micro Computer has an average rating of “Hold” and a consensus price target of $60.20.

Super Micro Computer Price Performance

Super Micro Computer stock traded up $1.41 during mid-day trading on Wednesday, reaching $40.02. The company had a trading volume of 120,845,970 shares, compared to its average volume of 48,882,258. 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 current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. The company has a market cap of $23.44 billion, a P/E ratio of 20.10 and a beta of 1.30. The business has a fifty day simple moving average of $33.53 and a 200 day simple moving average of $40.52.

Institutional Investors Weigh In On Super Micro Computer

A number of institutional investors have recently made changes to their positions in SMCI. Vanguard Group Inc. boosted its position in Super Micro Computer by 908.4% during the 4th quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company’s stock valued at $1,889,531,000 after buying an additional 55,845,073 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Super Micro Computer by 968.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,651,134 shares of the company’s stock valued at $111,287,000 after buying an additional 3,309,398 shares during the period. Bank of New York Mellon Corp boosted its position in Super Micro Computer by 798.1% during the 4th quarter. Bank of New York Mellon Corp now owns 2,944,620 shares of the company’s stock valued at $89,752,000 after buying an additional 2,616,757 shares during the period. Swiss National Bank boosted its position in Super Micro Computer by 851.9% during the 4th quarter. Swiss National Bank now owns 1,488,800 shares of the company’s stock valued at $45,379,000 after buying an additional 1,332,400 shares during the period. Finally, Amundi purchased a new stake in Super Micro Computer during the 4th quarter valued at $41,563,000. Hedge funds and other institutional investors own 84.06% of the company’s stock.

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.