Brokerages Set Super Micro Computer, Inc. (NASDAQ:SMCI) PT at $62.89

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) has earned an average rating of "Hold" from the eighteen brokerages that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $62.89.

SMCI has been the subject of a number of analyst reports. Argus downgraded Super Micro Computer from a "buy" rating to a "hold" rating in a research note on Thursday, October 31st. Loop Capital upped their price target on shares of Super Micro Computer from $35.00 to $40.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. Northland Capmk raised shares of Super Micro Computer to a "strong-buy" rating in a research note on Friday, December 20th. StockNews.com cut Super Micro Computer from a "hold" rating to a "sell" rating in a research note on Wednesday, October 9th. Finally, JPMorgan Chase & Co. downgraded 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 report on Wednesday, November 6th.

Super Micro Computer Stock Performance

Shares of NASDAQ SMCI traded down $0.12 during mid-day trading on Friday, reaching $28.52. 37,968,665 shares of the company were exchanged, compared to its average volume of 29,976,122. The stock has a market capitalization of $15.95 billion, a P/E ratio of 14.32 and a beta of 1.31. 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 company's 50-day simple moving average is $33.91 and its 200-day simple moving average is $43.28. Super Micro Computer has a twelve month low of $17.25 and a twelve month high of $122.90.

Institutional Investors Weigh In On Super Micro Computer

A number of hedge funds have recently added to or reduced their stakes in the company. State Street Corp increased its position in shares of Super Micro Computer by 4.3% during 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 in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in Super Micro Computer by 956.6% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,317,018 shares of the company's stock worth $40,143,000 after purchasing an additional 1,192,366 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Super Micro Computer by 1.3% in the third quarter. Geode Capital Management LLC now owns 1,266,040 shares of the company's stock worth $529,753,000 after purchasing an additional 16,007 shares during the last quarter. Disciplined Growth Investors Inc. MN lifted its holdings in shares of Super Micro Computer by 3.1% in the third quarter. Disciplined Growth Investors Inc. MN now owns 1,043,469 shares of the company's stock valued at $434,500,000 after purchasing an additional 31,064 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of Super Micro Computer by 897.0% in the fourth quarter. Rhumbline Advisers now owns 984,305 shares of the company's stock valued at $30,002,000 after purchasing an additional 885,582 shares in the last quarter. Institutional investors and hedge funds 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.