Super Micro Computer (NASDAQ:SMCI) Stock Rating Upgraded by Northland Capmk

Northland Capmk upgraded shares of Super Micro Computer (NASDAQ:SMCI - Free Report) to a strong-buy rating in a report issued on Friday,Zacks.com reports.

A number of other research analysts also recently weighed in on the stock. Wedbush reiterated a "neutral" rating and issued a $32.00 price objective (down previously from $62.00) on shares of Super Micro Computer in a research report on Monday, November 4th. Needham & Company LLC started coverage on Super Micro Computer in a report on Wednesday, September 18th. They issued a "buy" rating and a $60.00 price objective on the stock. Mizuho started coverage on Super Micro Computer in a research note on Tuesday, September 17th. They set a "neutral" rating and a $45.00 target price for the company. Wells Fargo & Company cut their price target on shares of Super Micro Computer from $65.00 to $37.50 and set an "equal weight" rating for the company in a report on Wednesday, August 28th. Finally, Argus downgraded shares of Super Micro Computer from a "buy" rating to a "hold" rating in a report on Thursday, October 31st. Three equities research 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. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $66.89.

Super Micro Computer Stock Performance

Shares of NASDAQ:SMCI traded up $0.35 during trading on Friday, hitting $31.59. 85,532,398 shares of the stock traded hands, compared to its average volume of 83,351,359. The company has a fifty day moving average price of $35.34 and a two-hundred day moving average price of $54.30. Super Micro Computer has a 52-week low of $17.25 and a 52-week high of $122.90. The company has a market cap of $17.67 billion, a price-to-earnings ratio of 15.86 and a beta of 1.29. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Fielder Capital Group LLC raised its stake in Super Micro Computer by 2.8% during the second quarter. Fielder Capital Group LLC now owns 580 shares of the company's stock worth $475,000 after purchasing an additional 16 shares during the period. Kathmere Capital Management LLC raised its position in shares of Super Micro Computer by 5.0% during the 2nd quarter. Kathmere Capital Management LLC now owns 379 shares of the company's stock valued at $311,000 after buying an additional 18 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in Super Micro Computer by 0.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 4,322 shares of the company's stock valued at $3,541,000 after acquiring an additional 19 shares during the last quarter. Farmers & Merchants Investments Inc. lifted its holdings in Super Micro Computer by 400.0% in the second quarter. Farmers & Merchants Investments Inc. now owns 30 shares of the company's stock valued at $25,000 after acquiring an additional 24 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. grew its position in Super Micro Computer by 141.2% in the second quarter. Hazlett Burt & Watson Inc. now owns 41 shares of the company's stock worth $34,000 after acquiring an additional 24 shares during the period. Institutional investors and hedge funds own 84.06% of the company's stock.

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.