Super Micro Computer (NASDAQ:SMCI) Given Outperform Rating at Northland Securities

Northland Securities reaffirmed their outperform rating on shares of Super Micro Computer (NASDAQ:SMCI) in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a $57.00 price objective on the stock, up from their previous price objective of $54.00.

Other analysts also recently issued reports about the stock. Wedbush reissued a “neutral” rating and issued a $32.00 price target (down from $62.00) on shares of Super Micro Computer in a research note on Monday, November 4th. Argus lowered Super Micro Computer from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. The Goldman Sachs Group reduced their price target 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. Loop Capital boosted their price objective on Super Micro Computer from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Finally, Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Super Micro Computer currently has a consensus rating of “Hold” and an average price target of $60.20.

Super Micro Computer Trading Up 2.8 %

SMCI stock opened at $39.68 on Wednesday. Super Micro Computer has a one year low of $17.25 and a one year high of $122.90. The company has a market capitalization of $23.24 billion, a PE ratio of 19.92 and a beta of 1.30. The company’s 50 day moving average price is $33.48 and its two-hundred day moving average price is $40.30. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77.

Institutional Investors Weigh In On Super Micro Computer

A number of large investors have recently modified their holdings of the stock. Prudential PLC lifted its holdings in Super Micro Computer by 3,255.9% in the fourth quarter. Prudential PLC now owns 24,968 shares of the company’s stock worth $761,000 after buying an additional 24,224 shares during the period. Thoroughbred Financial Services LLC bought a new position in shares of Super Micro Computer in the 4th quarter worth approximately $656,000. ExodusPoint Capital Management LP purchased a new position in shares of Super Micro Computer in the 4th quarter valued at approximately $7,069,000. Westpac Banking Corp purchased a new position in shares of Super Micro Computer in the 4th quarter valued at approximately $169,000. Finally, Cynosure Group LLC bought a new stake in shares of Super Micro Computer during the fourth quarter valued at approximately $556,000. 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.