Loop Capital Raises Super Micro Computer (NASDAQ:SMCI) Price Target to $50.00

Super Micro Computer (NASDAQ:SMCI - Get Free Report) had its target price raised by stock analysts at Loop Capital from $40.00 to $50.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Loop Capital's price target would indicate a potential upside of 4.36% from the company's previous close.

SMCI has been the topic of a number of other research reports. Northland Securities reiterated an "outperform" rating and set a $57.00 price target (up previously from $54.00) on shares of Super Micro Computer in a research note on Wednesday. Wedbush lifted their price target on shares of Super Micro Computer from $24.00 to $40.00 and gave the stock a "neutral" rating in a research note on Wednesday. JPMorgan Chase & Co. lifted their price target on shares of Super Micro Computer from $23.00 to $35.00 and gave the stock an "underweight" rating in a research note on Wednesday. Argus downgraded shares of Super Micro Computer from a "buy" rating to a "hold" rating in a research note on Thursday, October 31st. Finally, The Goldman Sachs Group reduced their target price 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. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $60.20.

Super Micro Computer Stock Performance

SMCI traded up $5.63 during trading on Wednesday, reaching $47.91. 132,026,965 shares of the company's stock were exchanged, compared to its average volume of 35,788,788. 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. The business has a 50 day moving average price of $33.59 and a 200 day moving average price of $40.37. The company has a market capitalization of $28.05 billion, a P/E ratio of 24.05 and a beta of 1.30.

Institutional Trading of Super Micro Computer

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Emerald Mutual Fund Advisers Trust bought a new stake in Super Micro Computer during the 3rd quarter worth about $87,000. Miller Wealth Advisors LLC bought a new stake in Super Micro Computer during the 3rd quarter worth about $152,000. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in Super Micro Computer by 252.8% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 374 shares of the company's stock worth $156,000 after purchasing an additional 268 shares during the last quarter. Prospect Financial Services LLC bought a new stake in shares of Super Micro Computer in the 3rd quarter valued at about $208,000. Finally, Wealth Effects LLC increased its stake in shares of Super Micro Computer by 90.7% in the 3rd quarter. Wealth Effects LLC now owns 515 shares of the company's stock valued at $214,000 after acquiring an additional 245 shares during the last quarter. 84.06% of the stock is owned by institutional investors.

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.