Super Micro Computer (NASDAQ:SMCI) Rating Increased to Buy at Cfra

Super Micro Computer (NASDAQ:SMCI) was upgraded by Cfra from a “hold” rating to a “buy” rating in a report released on Tuesday,Briefing.com Automated Import reports. The brokerage currently has a $48.00 price target on the stock. Cfra’s price objective would indicate a potential upside of 12.54% from the company’s current price.

SMCI has been the topic of a number of other reports. Argus lowered shares of Super Micro Computer from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. The Goldman Sachs Group lowered their target price 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. Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. Wedbush reiterated a “neutral” rating and issued a $32.00 target price (down from $62.00) on shares of Super Micro Computer in a research note on Monday, November 4th. Finally, JPMorgan Chase & Co. lowered shares of Super Micro Computer from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from $50.00 to $23.00 in a research report on Wednesday, November 6th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Super Micro Computer presently has an average rating of “Hold” and an average price target of $63.07.

Super Micro Computer Stock Performance

NASDAQ:SMCI opened at $42.65 on Tuesday. Super Micro Computer has a 1 year low of $17.25 and a 1 year high of $122.90. The firm’s fifty day simple moving average is $33.56 and its 200 day simple moving average is $40.74. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $24.97 billion, a PE ratio of 21.41 and a beta of 1.30.

Institutional Investors Weigh In On Super Micro Computer

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Harvest Fund Management Co. Ltd grew its position in shares of Super Micro Computer by 30.2% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 4,486 shares of the company’s stock valued at $136,000 after purchasing an additional 1,040 shares in the last quarter. Platinum Investment Management Ltd. bought a new position in Super Micro Computer in the fourth quarter worth approximately $43,000. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in Super Micro Computer by 370.4% in the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 9,530 shares of the company’s stock worth $305,000 after purchasing an additional 7,504 shares during the last quarter. Maryland State Retirement & Pension System purchased a new stake in shares of Super Micro Computer during the fourth quarter valued at $836,000. Finally, Xponance Inc. grew its holdings in shares of Super Micro Computer by 980.2% during the fourth quarter. Xponance Inc. now owns 122,053 shares of the company’s stock valued at $3,720,000 after buying an additional 110,754 shares during the last quarter. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

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.