Super Micro Computer (NASDAQ:SMCI) Upgraded by Cfra to “Buy” Rating

Cfra upgraded shares of Super Micro Computer (NASDAQ:SMCI) from a hold rating to a buy rating in a report published on Tuesday, MarketBeat.com reports. They currently have $48.00 target price on the stock.

SMCI has been the subject of several other reports. Argus downgraded shares of Super Micro Computer from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Loop Capital upped their price target on shares of Super Micro Computer from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group cut their price objective on Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 6th. JPMorgan Chase & Co. downgraded Super Micro Computer from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $50.00 to $23.00 in a research report on Wednesday, November 6th. Finally, Northland Capmk upgraded Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Super Micro Computer currently has a consensus rating of “Hold” and a consensus price target of $63.07.

Super Micro Computer Stock Performance

Super Micro Computer stock opened at $38.61 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. Super Micro Computer has a 12 month low of $17.25 and a 12 month high of $122.90. The company has a market cap of $22.61 billion, a price-to-earnings ratio of 19.38 and a beta of 1.30. The stock’s 50-day moving average is $33.53 and its 200-day moving average is $40.52.

Institutional Investors Weigh In On Super Micro Computer

Several hedge funds and other institutional investors have recently modified their holdings of SMCI. CWM LLC lifted its position in shares of Super Micro Computer by 11.7% during the third quarter. CWM LLC now owns 2,773 shares of the company’s stock worth $1,155,000 after purchasing an additional 290 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its stake in Super Micro Computer by 252.8% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 374 shares of the company’s stock valued at $156,000 after buying an additional 268 shares in the last quarter. Exchange Traded Concepts LLC lifted its holdings in Super Micro Computer by 276.9% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,779 shares of the company’s stock worth $741,000 after buying an additional 1,307 shares during the last quarter. Creative Planning grew its position in shares of Super Micro Computer by 9.1% in the 3rd quarter. Creative Planning now owns 9,038 shares of the company’s stock worth $3,763,000 after acquiring an additional 755 shares in the last quarter. Finally, Ulland Investment Advisors LLC increased its holdings in shares of Super Micro Computer by 19.9% in the 3rd quarter. Ulland Investment Advisors LLC now owns 5,000 shares of the company’s stock valued at $2,082,000 after acquiring an additional 830 shares during the last quarter. Institutional investors own 84.06% of the company’s stock.

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.