Super Micro Computer, Inc. (NASDAQ:SMCI) Given Average Rating of “Hold” by Brokerages

Super Micro Computer, Inc. (NASDAQ:SMCI) has received an average rating of “Hold” from the seventeen research firms that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $66.89.

A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group reduced 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 report on Wednesday, November 6th. Argus cut Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Wells Fargo & Company lowered their target price on Super Micro Computer from $65.00 to $37.50 and set an “equal weight” rating on the stock in a report on Wednesday, August 28th. Rosenblatt Securities reaffirmed a “buy” rating and set a $130.00 price target on shares of Super Micro Computer in a research note on Wednesday, August 7th. Finally, Bank of America cut shares of Super Micro Computer from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $109.00 to $70.00 in a research note on Wednesday, August 7th.

Institutional Trading of Super Micro Computer

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Farmers & Merchants Investments Inc. grew its holdings in Super Micro Computer by 400.0% in the second quarter. Farmers & Merchants Investments Inc. now owns 30 shares of the company’s stock valued at $25,000 after purchasing an additional 24 shares during the period. Moser Wealth Advisors LLC purchased a new stake in shares of Super Micro Computer during the 2nd quarter valued at $25,000. Hazlett Burt & Watson Inc. grew its stake in shares of Super Micro Computer by 141.2% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 41 shares of the company’s stock valued at $34,000 after buying an additional 24 shares during the period. AlphaCentric Advisors LLC acquired a new stake in shares of Super Micro Computer during the 2nd quarter worth $42,000. Finally, First PREMIER Bank raised its position in shares of Super Micro Computer by 126.1% in the 2nd quarter. First PREMIER Bank now owns 52 shares of the company’s stock worth $43,000 after buying an additional 29 shares during the period. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Super Micro Computer Stock Performance

Shares of SMCI opened at $21.54 on Tuesday. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. Super Micro Computer has a 52-week low of $17.25 and a 52-week high of $122.90. The company has a 50-day simple moving average of $39.32 and a 200-day simple moving average of $62.09. The company has a market capitalization of $12.05 billion, a PE ratio of 10.81 and a beta of 1.28.

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.