Super Micro Computer (NASDAQ:SMCI) Price Target Raised to $36.00 at The Goldman Sachs Group

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

SMCI has been the topic of a number of other research reports. Northland Capmk raised Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. Argus lowered shares of Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Wedbush restated a “hold” rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Northland Securities reiterated an “outperform” rating and issued a $57.00 target price (up from $54.00) on shares of Super Micro Computer in a report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. raised their price target on shares of Super Micro Computer from $23.00 to $35.00 and gave the stock an “underweight” rating in a report on Wednesday, February 12th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Super Micro Computer currently has an average rating of “Hold” and a consensus target price of $60.73.

Super Micro Computer Trading Up 12.2 %

SMCI opened at $51.11 on Monday. The firm has a market capitalization of $29.93 billion, a price-to-earnings ratio of 25.66 and a beta of 1.30. The company’s 50 day simple moving average is $36.20 and its two-hundred day simple moving average is $39.65. Super Micro Computer has a 1-year low of $17.25 and a 1-year 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.

Hedge Funds Weigh In On Super Micro Computer

Several institutional investors have recently bought and sold shares of SMCI. Vanguard Group Inc. grew its holdings in shares of Super Micro Computer by 908.4% in the fourth quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company’s stock valued at $1,889,531,000 after purchasing an additional 55,845,073 shares in the last quarter. Geode Capital Management LLC boosted its position in Super Micro Computer by 914.7% in the 4th quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company’s stock valued at $390,572,000 after buying an additional 11,580,677 shares during the period. FMR LLC purchased a new position in Super Micro Computer in the 4th quarter valued at approximately $292,869,000. Invesco Ltd. grew its stake in shares of Super Micro Computer by 929.5% in the fourth quarter. Invesco Ltd. now owns 7,542,742 shares of the company’s stock worth $229,903,000 after acquiring an additional 6,810,082 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of Super Micro Computer by 1,573.8% during the fourth quarter. Northern Trust Corp now owns 4,897,876 shares of the company’s stock worth $149,287,000 after acquiring an additional 4,605,260 shares during the period. 84.06% of the stock is owned by institutional investors and hedge funds.

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.