Super Micro Computer, Inc. (NASDAQ:SMCI) Receives Average Rating of "Hold" from Brokerages

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

Several research analysts have issued reports on the company. JPMorgan Chase & Co. lowered Super Micro Computer from a "neutral" rating to an "underweight" rating and dropped their price objective for the stock from $50.00 to $23.00 in a research note on Wednesday, November 6th. StockNews.com downgraded shares of Super Micro Computer from a "hold" rating to a "sell" rating in a report on Wednesday, October 9th. The Goldman Sachs Group decreased their price objective 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. Argus cut shares of Super Micro Computer from a "buy" rating to a "hold" rating in a research note on Thursday, October 31st. Finally, Wedbush reaffirmed a "neutral" rating and set a $32.00 price target (down from $62.00) on shares of Super Micro Computer in a report on Monday, November 4th.

Institutional Trading of Super Micro Computer

Several institutional investors and hedge funds have recently made changes to their positions in the business. Kathmere Capital Management LLC grew its stake in shares of Super Micro Computer by 5.0% during the second quarter. Kathmere Capital Management LLC now owns 379 shares of the company's stock worth $311,000 after purchasing an additional 18 shares during the period. Anchor Investment Management LLC grew its position in shares of Super Micro Computer by 13.7% during the 2nd quarter. Anchor Investment Management LLC now owns 324 shares of the company's stock worth $265,000 after buying an additional 39 shares during the period. Sunbelt Securities Inc. increased its stake in shares of Super Micro Computer by 4.6% in the 2nd quarter. Sunbelt Securities Inc. now owns 2,010 shares of the company's stock valued at $1,647,000 after acquiring an additional 88 shares during the last quarter. Dorsey Wright & Associates increased its stake in shares of Super Micro Computer by 1.3% in the 2nd quarter. Dorsey Wright & Associates now owns 7,224 shares of the company's stock valued at $5,919,000 after acquiring an additional 90 shares during the last quarter. Finally, Daymark Wealth Partners LLC raised its position in shares of Super Micro Computer by 50.5% in the 2nd quarter. Daymark Wealth Partners LLC now owns 301 shares of the company's stock valued at $247,000 after acquiring an additional 101 shares during the period. Institutional investors own 84.06% of the company's stock.

Super Micro Computer Price Performance

Shares of SMCI traded down $0.14 during mid-day trading on Friday, reaching $33.27. The company had a trading volume of 31,680,043 shares, compared to its average volume of 27,192,070. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. The company has a market capitalization of $18.61 billion, a P/E ratio of 16.70 and a beta of 1.31. Super Micro Computer has a twelve month low of $17.25 and a twelve month high of $122.90. The company's 50-day moving average is $33.83 and its 200-day moving average is $45.10.

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.