Super Micro Computer (NASDAQ:SMCI) Price Target Raised to $40.00 at Wedbush

Super Micro Computer (NASDAQ:SMCI - Get Free Report) had its price target upped by investment analysts at Wedbush from $24.00 to $40.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. Wedbush's price target would indicate a potential downside of 16.51% from the company's current price.

A number of other analysts have also recently commented on the company. Argus cut Super Micro Computer from a "buy" rating to a "hold" rating in a research report on Thursday, October 31st. Northland Capmk upgraded Super Micro Computer to a "strong-buy" rating in a report on Friday, December 20th. Cfra raised Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 price target for the company in a report on Tuesday. Northland Securities reaffirmed an "outperform" rating and set a $57.00 price target (up from $54.00) on shares of Super Micro Computer in a report on Wednesday. Finally, JPMorgan Chase & Co. raised their price target on Super Micro Computer from $23.00 to $35.00 and gave the stock an "underweight" rating in a research report on Wednesday. Three research 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.com, the company has an average rating of "Hold" and a consensus price target of $60.20.

Super Micro Computer Stock Up 13.3 %

Shares of SMCI stock traded up $5.63 during trading hours on Wednesday, reaching $47.91. 132,026,965 shares of the stock were exchanged, compared to its average volume of 35,788,788. The firm has a market capitalization of $28.05 billion, a P/E ratio of 24.05 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 company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. The business's fifty day moving average is $33.59 and its two-hundred day moving average is $40.37.

Institutional Investors Weigh In On Super Micro Computer

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in shares of Super Micro Computer by 908.4% in the 4th quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company's stock valued at $1,889,531,000 after purchasing an additional 55,845,073 shares during the period. Geode Capital Management LLC increased its position in Super Micro Computer by 914.7% during the fourth quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company's stock worth $390,572,000 after purchasing an additional 11,580,677 shares during the last quarter. FMR LLC acquired a new stake in shares of Super Micro Computer during the fourth quarter valued at about $292,869,000. Invesco Ltd. grew its holdings in shares of Super Micro Computer by 929.5% in the fourth quarter. Invesco Ltd. now owns 7,542,742 shares of the company's stock valued at $229,903,000 after purchasing an additional 6,810,082 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Super Micro Computer by 1,573.8% in the fourth quarter. Northern Trust Corp now owns 4,897,876 shares of the company's stock valued at $149,287,000 after purchasing an additional 4,605,260 shares in the last quarter. Institutional investors own 84.06% of the company's stock.

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.