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

Super Micro Computer, Inc. (NASDAQ:SMCI) has been given an average rating of “Hold” by the eighteen brokerages that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $62.89.

SMCI has been the topic of a number of recent research reports. Argus cut Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Loop Capital increased their price target on Super Micro Computer from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday. Northland Capmk raised shares of Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. JPMorgan Chase & Co. downgraded shares of Super Micro Computer from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $50.00 to $23.00 in a research report on Wednesday, November 6th. Finally, StockNews.com downgraded shares of Super Micro Computer from a “hold” rating to a “sell” rating in a research report on Wednesday, October 9th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SMCI. State Street Corp grew its stake in shares of Super Micro Computer by 4.3% in the third quarter. State Street Corp now owns 2,138,142 shares of the company’s stock worth $890,322,000 after acquiring an additional 88,692 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Super Micro Computer by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,266,040 shares of the company’s stock valued at $529,753,000 after purchasing an additional 16,007 shares during the period. Disciplined Growth Investors Inc. MN grew its position in Super Micro Computer by 3.1% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 1,043,469 shares of the company’s stock worth $434,500,000 after purchasing an additional 31,064 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of Super Micro Computer by 63,634.1% during the 3rd quarter. International Assets Investment Management LLC now owns 916,496 shares of the company’s stock worth $381,629,000 after purchasing an additional 915,058 shares during the period. Finally, Nepsis Inc. acquired a new position in shares of Super Micro Computer during the fourth quarter valued at about $13,625,000. 84.06% of the stock is owned by institutional investors.

Super Micro Computer Stock Performance

Shares of SMCI opened at $33.27 on Friday. Super Micro Computer has a 12-month low of $17.25 and a 12-month high of $122.90. The stock has a market capitalization of $18.61 billion, a P/E ratio of 16.70 and a beta of 1.31. The firm’s 50 day moving average is $33.83 and its 200-day moving average is $45.10. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93.

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.