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

Super Micro Computer, Inc. (NASDAQ:SMCI) has been assigned a consensus recommendation of “Hold” from the eighteen research firms that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $66.89.

SMCI has been the topic of several research reports. Wedbush reaffirmed a “neutral” rating and issued a $32.00 target price (down from $62.00) on shares of Super Micro Computer in a research report on Monday, November 4th. StockNews.com downgraded Super Micro Computer from a “hold” rating to a “sell” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. cut shares of Super Micro Computer from a “neutral” rating to an “underweight” rating and reduced their target price for the company from $50.00 to $23.00 in a research note on Wednesday, November 6th. The Goldman Sachs Group dropped their price target on shares of 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, Barclays cut their price target on shares of Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 2nd.

Institutional Investors Weigh In On Super Micro Computer

Hedge funds have recently modified their holdings of the business. Farmers & Merchants Investments Inc. raised its stake in Super Micro Computer by 400.0% during the 2nd 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 last quarter. Moser Wealth Advisors LLC bought a new position in shares of Super Micro Computer during the 2nd quarter worth about $25,000. Hazlett Burt & Watson Inc. raised its position in shares of Super Micro Computer by 141.2% during the second 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 last quarter. Resources Management Corp CT ADV lifted its stake in shares of Super Micro Computer by 100.0% in the second quarter. Resources Management Corp CT ADV now owns 60 shares of the company’s stock valued at $49,000 after buying an additional 30 shares during the period. Finally, Rise Advisors LLC grew its position in Super Micro Computer by 909.5% during the fourth quarter. Rise Advisors LLC now owns 1,696 shares of the company’s stock worth $52,000 after buying an additional 1,528 shares in the last quarter. 84.06% of the stock is owned by institutional investors.

Super Micro Computer Trading Down 5.7 %

Super Micro Computer stock opened at $34.38 on Wednesday. Super Micro Computer has a 12 month low of $17.25 and a 12 month high of $122.90. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. The stock has a market cap of $19.23 billion, a P/E ratio of 17.26 and a beta of 1.31. The company’s fifty day simple moving average is $31.83 and its 200-day simple moving average is $49.67.

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.