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

Super Micro Computer (NASDAQ:SMCI) was upgraded by analysts at Cfra from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday,Briefing.com Automated Import reports. The firm presently has a $48.00 price target on the stock. Cfra’s price target suggests a potential upside of 12.54% from the company’s previous close.

A number of other research firms have also weighed in on SMCI. Loop Capital boosted their price objective on shares of Super Micro Computer from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. downgraded shares of Super Micro Computer from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $50.00 to $23.00 in a research note on Wednesday, November 6th. Northland Capmk raised shares of Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. The Goldman Sachs Group cut their price target on shares of Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating on the stock in a report on Wednesday, November 6th. Finally, Argus cut shares of Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. 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’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $63.07.

Super Micro Computer Trading Up 17.6 %

Shares of Super Micro Computer stock opened at $42.65 on Tuesday. The company has a market capitalization of $24.97 billion, a P/E ratio of 21.41 and a beta of 1.30. The company’s fifty day moving average is $33.56 and its two-hundred day moving average is $40.74. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. Super Micro Computer has a 1 year low of $17.25 and a 1 year high of $122.90.

Institutional Investors Weigh In On Super Micro Computer

Several hedge funds and other institutional investors have recently modified their holdings of the company. Harvest Fund Management Co. Ltd boosted its position in Super Micro Computer by 30.2% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 4,486 shares of the company’s stock worth $136,000 after purchasing an additional 1,040 shares during the last quarter. Platinum Investment Management Ltd. purchased a new stake in Super Micro Computer during the 4th quarter worth about $43,000. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in Super Micro Computer by 370.4% during the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 9,530 shares of the company’s stock worth $305,000 after purchasing an additional 7,504 shares in the last quarter. Maryland State Retirement & Pension System purchased a new stake in Super Micro Computer during the 4th quarter worth about $836,000. Finally, Xponance Inc. increased its stake in Super Micro Computer by 980.2% in the 4th quarter. Xponance Inc. now owns 122,053 shares of the company’s stock worth $3,720,000 after acquiring an additional 110,754 shares during 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.