Loop Capital Issues Positive Forecast for Super Micro Computer (NASDAQ:SMCI) Stock Price

Super Micro Computer (NASDAQ:SMCI) had its target price increased by analysts at Loop Capital from $35.00 to $40.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Loop Capital’s target price indicates a potential upside of 19.71% from the company’s previous close.

Several other brokerages have also recently commented on SMCI. Argus cut shares of Super Micro Computer from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Barclays decreased their target price on Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 2nd. Wedbush reissued a “neutral” rating and set a $32.00 price target (down from $62.00) on shares of Super Micro Computer in a research report on Monday, November 4th. Northland Capmk raised shares of Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. Finally, StockNews.com cut shares of Super Micro Computer from a “hold” rating to a “sell” rating in a report on Wednesday, October 9th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Super Micro Computer presently has a consensus rating of “Hold” and a consensus price target of $62.89.

Super Micro Computer Stock Down 1.3 %

Shares of SMCI stock traded down $0.45 during mid-day trading on Thursday, reaching $33.41. 12,647,426 shares of the company were exchanged, compared to its average volume of 31,214,758. The company has a market capitalization of $18.69 billion, a P/E ratio of 16.84 and a beta of 1.31. 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 fifty-two week low of $17.25 and a fifty-two week high of $122.90. The business’s 50 day simple moving average is $33.22 and its 200 day simple moving average is $45.58.

Institutional Trading of Super Micro Computer

A number of institutional investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC raised its holdings in shares of Super Micro Computer by 63,634.1% during the 3rd quarter. International Assets Investment Management LLC now owns 916,496 shares of the company’s stock valued at $381,629,000 after purchasing an additional 915,058 shares in the last quarter. Nepsis Inc. acquired a new position in Super Micro Computer during the fourth quarter worth $13,625,000. Annex Advisory Services LLC bought a new position in Super Micro Computer during the fourth quarter valued at about $6,708,000. Diversify Advisory Services LLC acquired a new stake in shares of Super Micro Computer in the fourth quarter worth about $5,113,000. Finally, Bridgewater Associates LP lifted its holdings in Super Micro Computer by 921.1% in the 3rd quarter. Bridgewater Associates LP now owns 161,104 shares of the company’s stock worth $67,084,000 after purchasing an additional 145,327 shares during the last quarter. 84.06% of the stock is currently owned by institutional investors and hedge funds.

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.