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

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

SMCI has been the subject of a number of other research reports. The Goldman Sachs Group dropped their price target on Super Micro Computer from $67.50 to $28.00 and set a "neutral" rating for the company in a research note on Wednesday, November 6th. Northland Capmk raised Super Micro Computer to a "strong-buy" rating in a research note on Friday, December 20th. Argus downgraded Super Micro Computer from a "buy" rating to a "hold" rating in a research note on Thursday, October 31st. Loop Capital boosted their target price on Super Micro Computer from $35.00 to $40.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. Finally, Cfra raised Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 target price for the company in a research note on Tuesday, February 11th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $60.20.

Super Micro Computer Price Performance

SMCI stock traded up $5.63 during midday trading on Wednesday, reaching $47.91. The company had a trading volume of 132,026,965 shares, compared to its average volume of 35,788,788. The company has a market capitalization of $28.05 billion, a price-to-earnings ratio of 24.05 and a beta of 1.30. The stock has a 50 day moving average price of $33.59 and a 200-day moving average price of $40.16. Super Micro Computer has a 1-year low of $17.25 and a 1-year 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.

Institutional Trading of Super Micro Computer

Several institutional investors have recently added to or reduced their stakes in SMCI. Salem Investment Counselors Inc. bought a new stake in Super Micro Computer in the fourth quarter valued at approximately $30,000. Trust Co. of Vermont boosted its holdings in shares of Super Micro Computer by 900.0% during the 4th quarter. Trust Co. of Vermont now owns 1,000 shares of the company's stock worth $30,000 after buying an additional 900 shares in the last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of Super Micro Computer by 2,890.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 987 shares of the company's stock worth $30,000 after buying an additional 954 shares in the last quarter. Larson Financial Group LLC boosted its holdings in shares of Super Micro Computer by 902.0% during the 4th quarter. Larson Financial Group LLC now owns 992 shares of the company's stock worth $30,000 after buying an additional 893 shares in the last quarter. Finally, Toth Financial Advisory Corp bought a new position in shares of Super Micro Computer during the 4th quarter worth approximately $31,000. 84.06% of the stock is currently 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.