Cfra Upgrades Super Micro Computer (NASDAQ:SMCI) to Buy

Super Micro Computer (NASDAQ:SMCI - Get Free Report) was upgraded by equities researchers at Cfra from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Tuesday, MarketBeat Ratings reports. The firm presently has a $48.00 price target on the stock. Cfra's target price would suggest a potential upside of 1.73% from the company's previous close.

SMCI has been the subject of several other reports. Loop Capital upped their target price on Super Micro Computer from $35.00 to $40.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. The Goldman Sachs Group lowered their target price on Super Micro Computer from $67.50 to $28.00 and set a "neutral" rating for the company in a report on Wednesday, November 6th. Argus lowered Super Micro Computer from a "buy" rating to a "hold" rating in a report on Thursday, October 31st. JPMorgan Chase & Co. lowered Super Micro Computer from a "neutral" rating to an "underweight" rating and lowered their target price for the company from $50.00 to $23.00 in a report on Wednesday, November 6th. Finally, Northland Capmk raised Super Micro Computer to a "strong-buy" rating in a report on Friday, December 20th. Three analysts have rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $60.20.

Super Micro Computer Stock Up 11.6 %

Super Micro Computer stock traded up $4.91 during midday trading on Tuesday, hitting $47.19. The stock had a trading volume of 107,849,985 shares, compared to its average volume of 54,230,055. 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 stock has a market cap of $27.63 billion, a P/E ratio of 23.72 and a beta of 1.30. Super Micro Computer has a 12 month low of $17.25 and a 12 month high of $122.90. The business has a fifty day moving average price of $33.51 and a 200 day moving average price of $40.31.

Institutional Trading of Super Micro Computer

Several large investors have recently added to or reduced their stakes in the company. Boothbay Fund Management LLC acquired a new stake in Super Micro Computer during the 4th quarter valued at $394,000. Virtus ETF Advisers LLC raised its stake in Super Micro Computer by 1,839.8% during the 4th quarter. Virtus ETF Advisers LLC now owns 24,112 shares of the company's stock valued at $735,000 after purchasing an additional 22,869 shares during the period. Kovitz Investment Group Partners LLC raised its stake in Super Micro Computer by 507.2% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 31,755 shares of the company's stock valued at $968,000 after purchasing an additional 26,525 shares during the period. Voya Investment Management LLC raised its stake in Super Micro Computer by 843.7% during the 4th quarter. Voya Investment Management LLC now owns 303,029 shares of the company's stock valued at $9,236,000 after purchasing an additional 270,918 shares during the period. Finally, Integrated Wealth Concepts LLC raised its stake in Super Micro Computer by 1,185.1% during the 4th quarter. Integrated Wealth Concepts LLC now owns 15,820 shares of the company's stock valued at $482,000 after purchasing an additional 14,589 shares during the period. 84.06% of the stock is owned by institutional investors and hedge funds.

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.