Super Micro Computer, Inc. (NASDAQ:SMCI) Given Average Recommendation of “Hold” by Brokerages

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) have received a consensus rating of “Hold” from the seventeen brokerages that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $66.89.

Several equities analysts have weighed in on the company. The Goldman Sachs Group dropped 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 research note on Wednesday, November 6th. Wedbush reaffirmed a “neutral” rating and set a $32.00 price target (down from $62.00) on shares of Super Micro Computer in a research note on Monday, November 4th. StockNews.com cut Super Micro Computer from a “hold” rating to a “sell” rating in a research note on Wednesday, October 9th. Argus lowered shares of Super Micro Computer from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Finally, Needham & Company LLC initiated coverage on shares of Super Micro Computer in a research report on Wednesday, September 18th. They issued a “buy” rating and a $60.00 target price for the company.

Institutional Trading of Super Micro Computer

Institutional investors and hedge funds have recently modified their holdings of the company. International Assets Investment Management LLC increased its stake in Super Micro Computer by 63,634.1% in the third quarter. International Assets Investment Management LLC now owns 916,496 shares of the company’s stock valued at $381,629,000 after acquiring an additional 915,058 shares during the period. Bridgewater Associates LP grew its stake in shares of Super Micro Computer by 921.1% in the 3rd quarter. Bridgewater Associates LP now owns 161,104 shares of the company’s stock valued at $67,084,000 after purchasing an additional 145,327 shares during the period. Van ECK Associates Corp raised its holdings in shares of Super Micro Computer by 1,169.5% in the 3rd quarter. Van ECK Associates Corp now owns 134,670 shares of the company’s stock worth $56,077,000 after buying an additional 124,062 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Super Micro Computer by 511.9% during the 2nd quarter. American Century Companies Inc. now owns 131,855 shares of the company’s stock worth $108,035,000 after buying an additional 110,308 shares during the period. Finally, Inspire Investing LLC boosted its stake in Super Micro Computer by 1,730.3% in the 3rd quarter. Inspire Investing LLC now owns 107,421 shares of the company’s stock valued at $44,730,000 after buying an additional 101,552 shares in the last quarter. 84.06% of the stock is currently owned by institutional investors.

Super Micro Computer Stock Performance

Super Micro Computer stock opened at $43.93 on Friday. The firm’s 50 day simple moving average is $36.92 and its 200-day simple moving average is $57.88. Super Micro Computer has a fifty-two week low of $17.25 and a fifty-two week 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 company has a market cap of $24.57 billion, a P/E ratio of 22.08 and a beta of 1.29.

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.