Super Micro Computer (NASDAQ:SMCI) Price Target Raised to $50.00

Super Micro Computer (NASDAQ:SMCI - Get Free Report) had its price objective raised by equities research analysts at Loop Capital from $40.00 to $50.00 in a research note issued on Wednesday,Benzinga reports. The firm currently 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.

A number of other equities research analysts have also commented on the stock. Argus lowered shares of Super Micro Computer from a "buy" rating to a "hold" rating in a report on Thursday, October 31st. Northland Securities reissued an "outperform" rating and set a $57.00 price objective (up previously from $54.00) on shares of Super Micro Computer in a report on Wednesday. Wedbush increased their price objective on shares of Super Micro Computer from $24.00 to $40.00 and gave the stock a "neutral" rating in a report on Wednesday. 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 report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. raised their target price on shares of Super Micro Computer from $23.00 to $35.00 and gave the company an "underweight" rating in a research note on Wednesday. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Super Micro Computer has an average rating of "Hold" and an average target price of $60.20.

Super Micro Computer Price Performance

Shares of Super Micro Computer stock traded up $5.63 during mid-day trading on Wednesday, reaching $47.91. 132,026,965 shares of the stock were exchanged, compared to its average volume of 35,788,788. The company has a market cap of $28.05 billion, a price-to-earnings ratio of 24.05 and a beta of 1.30. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. The firm has a 50-day simple moving average of $33.59 and a 200 day simple moving average of $40.16. Super Micro Computer has a fifty-two week low of $17.25 and a fifty-two week high of $122.90.

Hedge Funds Weigh In On Super Micro Computer

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

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.