Super Micro Computer (NASDAQ:SMCI) Shares Up 3.2% on Analyst Upgrade

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report)'s stock price was up 3.2% during mid-day trading on Wednesday after Loop Capital raised their price target on the stock from $40.00 to $50.00. Loop Capital currently has a buy rating on the stock. Super Micro Computer traded as high as $43.89 and last traded at $39.86. Approximately 90,546,589 shares changed hands during mid-day trading, an increase of 91% from the average daily volume of 47,351,418 shares. The stock had previously closed at $38.61.

Several other equities research analysts also recently issued reports on SMCI. Argus downgraded shares of Super Micro Computer from a "buy" rating to a "hold" rating in a research note on Thursday, October 31st. Northland Securities restated an "outperform" rating and set a $57.00 price objective (up from $54.00) on shares of Super Micro Computer in a research report on Wednesday. The Goldman Sachs Group cut their price objective on shares of Super Micro Computer from $67.50 to $28.00 and set a "neutral" rating for the company in a research report on Wednesday, November 6th. JPMorgan Chase & Co. raised their price objective on shares of Super Micro Computer from $23.00 to $35.00 and gave the stock an "underweight" rating in a research report on Wednesday. Finally, Cfra upgraded shares of Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 price objective for the company in a research report on Tuesday, February 11th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Super Micro Computer currently has an average rating of "Hold" and an average price target of $60.20.

Institutional Investors Weigh In On Super Micro Computer

A number of hedge funds and other institutional investors have recently made changes to their positions in SMCI. Salem Investment Counselors Inc. acquired a new stake in shares of Super Micro Computer in the fourth quarter valued at approximately $30,000. Trust Co. of Vermont raised its position in Super Micro Computer by 900.0% during the fourth quarter. Trust Co. of Vermont now owns 1,000 shares of the company's stock valued at $30,000 after purchasing an additional 900 shares in the last quarter. Parkside Financial Bank & Trust raised its position in Super Micro Computer by 2,890.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 987 shares of the company's stock valued at $30,000 after purchasing an additional 954 shares in the last quarter. Larson Financial Group LLC raised its position in Super Micro Computer by 902.0% during the fourth quarter. Larson Financial Group LLC now owns 992 shares of the company's stock valued at $30,000 after purchasing an additional 893 shares in the last quarter. Finally, Toth Financial Advisory Corp acquired a new position in Super Micro Computer during the fourth quarter valued at approximately $31,000. 84.06% of the stock is currently owned by institutional investors and hedge funds.

Super Micro Computer Trading Up 13.3 %

The firm has a market capitalization of $28.05 billion, a price-to-earnings ratio of 24.05 and a beta of 1.30. 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 firm's 50-day simple moving average is $33.59 and its 200 day simple moving average is $39.97.

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.