Super Micro Computer (NASDAQ:SMCI) Price Target Raised to $36.00

Super Micro Computer (NASDAQ:SMCI) had its price target boosted by The Goldman Sachs Group from $32.00 to $36.00 in a research report sent to investors on Monday,Benzinga reports. They currently have a neutral rating on the stock.

Several other analysts also recently weighed in on the company. Argus downgraded Super Micro Computer from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. 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 report on Tuesday, February 11th. Loop Capital reiterated a “buy” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Wedbush restated a “hold” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Finally, Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $60.73.

Super Micro Computer Trading Up 12.2 %

NASDAQ:SMCI opened at $51.11 on Monday. The company has a market capitalization of $29.93 billion, a P/E ratio of 25.66 and a beta of 1.30. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. Super Micro Computer has a 12 month low of $17.25 and a 12 month high of $122.90. The firm has a fifty day simple moving average of $36.20 and a 200-day simple moving average of $39.65.

Institutional Investors Weigh In On Super Micro Computer

A number of institutional investors have recently added to or reduced their stakes in the stock. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Super Micro Computer during the fourth quarter worth about $733,000. Great Valley Advisor Group Inc. increased its stake in Super Micro Computer by 680.3% during the 4th quarter. Great Valley Advisor Group Inc. now owns 104,335 shares of the company’s stock worth $3,180,000 after buying an additional 90,964 shares in the last quarter. Vermillion Wealth Management Inc. acquired a new position in shares of Super Micro Computer during the fourth quarter valued at approximately $107,000. Mackenzie Financial Corp lifted its position in shares of Super Micro Computer by 445.8% in the fourth quarter. Mackenzie Financial Corp now owns 31,660 shares of the company’s stock valued at $965,000 after acquiring an additional 25,859 shares in the last quarter. Finally, Griffith & Werner Inc. acquired a new stake in shares of Super Micro Computer in the fourth quarter worth approximately $700,000. Institutional investors and hedge funds 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.