Super Micro Computer (NASDAQ:SMCI) Price Target Raised to $40.00 at Loop Capital

Super Micro Computer (NASDAQ:SMCI - Free Report) had its price objective boosted by Loop Capital from $35.00 to $40.00 in a report issued on Thursday,Benzinga reports. Loop Capital currently has a buy rating on the stock.

SMCI has been the topic of several other research reports. Argus cut shares of Super Micro Computer from a "buy" rating to a "hold" rating in a research report on Thursday, October 31st. The Goldman Sachs Group dropped their target price on Super Micro Computer from $67.50 to $28.00 and set a "neutral" rating on the stock in a report on Wednesday, November 6th. JPMorgan Chase & Co. downgraded Super Micro Computer from a "neutral" rating to an "underweight" rating and decreased their price target for the stock from $50.00 to $23.00 in a report on Wednesday, November 6th. Barclays lowered their price target on Super Micro Computer from $438.00 to $42.00 and set an "equal weight" rating for the company in a research report on Wednesday, October 2nd. Finally, Wedbush reiterated a "neutral" rating and issued a $32.00 target price (down previously from $62.00) on shares of Super Micro Computer in a research note on Monday, November 4th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $62.89.

Super Micro Computer Stock Down 0.4 %

SMCI traded down $0.14 during trading on Thursday, hitting $33.27. 31,680,043 shares of the company's stock were exchanged, compared to its average volume of 31,872,564. The stock has a market cap of $18.61 billion, a P/E ratio of 16.70 and a beta of 1.31. The business's 50 day moving average is $33.53 and its two-hundred day moving average is $45.50. 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 quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SMCI. Salem Investment Counselors Inc. purchased a new stake in shares of Super Micro Computer in the fourth quarter worth about $30,000. Trust Co. of Vermont lifted its stake in Super Micro Computer by 900.0% in the 4th quarter. Trust Co. of Vermont now owns 1,000 shares of the company's stock worth $30,000 after purchasing an additional 900 shares in the last quarter. Toth Financial Advisory Corp bought a new position in Super Micro Computer in the 4th quarter valued at $31,000. New Wave Wealth Advisors LLC purchased a new position in shares of Super Micro Computer during the 4th quarter valued at $42,000. Finally, Kieckhefer Group LLC bought a new position in shares of Super Micro Computer in the fourth quarter worth $43,000. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

Super Micro Computer Company Profile

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.