Super Micro Computer (NASDAQ:SMCI) Given New $40.00 Price Target at Loop Capital

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

A number of other research analysts have also commented on the stock. The Goldman Sachs Group lowered 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. Barclays lowered their price target on Super Micro Computer from $438.00 to $42.00 and set an "equal weight" rating on the stock in a research report on Wednesday, October 2nd. StockNews.com lowered Super Micro Computer from a "hold" rating to a "sell" rating in a report on Wednesday, October 9th. Argus lowered Super Micro Computer from a "buy" rating to a "hold" rating in a report on Thursday, October 31st. Finally, Wedbush restated a "neutral" rating and issued a $32.00 price target (down previously from $62.00) on shares of Super Micro Computer in a research report on Monday, November 4th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $62.89.

Super Micro Computer Stock Performance

Shares of NASDAQ SMCI traded down $0.45 during midday trading on Thursday, hitting $33.41. 21,450,110 shares of the company's stock were exchanged, compared to its average volume of 31,878,961. Super Micro Computer has a twelve month low of $17.25 and a twelve month high of $122.90. The firm has a market cap of $18.69 billion, a P/E ratio of 16.77 and a beta of 1.31. The stock's 50 day moving average price is $33.53 and its 200-day moving average price is $45.50. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93.

Institutional Trading of Super Micro Computer

Several large investors have recently modified their holdings of SMCI. Kathmere Capital Management LLC lifted its holdings 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 buying an additional 18 shares during the last quarter. Anchor Investment Management LLC raised its stake in Super Micro Computer by 13.7% during the 2nd quarter. Anchor Investment Management LLC now owns 324 shares of the company's stock valued at $265,000 after purchasing an additional 39 shares during the last quarter. Sunbelt Securities Inc. boosted its holdings in 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 purchasing an additional 88 shares during the period. Dorsey Wright & Associates grew its position in Super Micro Computer by 1.3% in the 2nd quarter. Dorsey Wright & Associates now owns 7,224 shares of the company's stock worth $5,919,000 after purchasing an additional 90 shares during the last quarter. Finally, Daymark Wealth Partners LLC grew its position in Super Micro Computer by 50.5% in the 2nd quarter. Daymark Wealth Partners LLC now owns 301 shares of the company's stock worth $247,000 after purchasing an additional 101 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.