Super Micro Computer (NASDAQ:SMCI) Price Target Raised to $35.00 at JPMorgan Chase & Co.

Super Micro Computer (NASDAQ:SMCI) had its price target increased by JPMorgan Chase & Co. from $23.00 to $35.00 in a research note released on Wednesday morning,Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the stock.

Other equities research analysts also recently issued reports about the stock. The Goldman Sachs Group reduced 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. Northland Securities reaffirmed an “outperform” rating and set a $57.00 target price (up previously from $54.00) on shares of Super Micro Computer in a research note on Wednesday. Argus downgraded shares of Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Cfra upgraded Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research report on Tuesday. Finally, Loop Capital upped their target price on Super Micro Computer from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. 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 given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $60.20.

Super Micro Computer Price Performance

Shares of SMCI stock opened at $39.68 on Wednesday. Super Micro Computer has a twelve month low of $17.25 and a twelve month high of $122.90. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. The business has a fifty day simple moving average of $33.48 and a 200 day simple moving average of $40.30. The company has a market cap of $23.24 billion, a P/E ratio of 19.92 and a beta of 1.30.

Institutional Investors Weigh In On Super Micro Computer

Institutional investors have recently modified their holdings of the company. Emerald Mutual Fund Advisers Trust acquired a new position in Super Micro Computer in the third quarter valued at $87,000. Miller Wealth Advisors LLC bought a new position in shares of Super Micro Computer in the 3rd quarter worth about $152,000. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of Super Micro Computer by 252.8% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 374 shares of the company’s stock valued at $156,000 after purchasing an additional 268 shares during the period. Prospect Financial Services LLC acquired a new position in shares of Super Micro Computer in the 3rd quarter valued at about $208,000. Finally, Wealth Effects LLC boosted its position in shares of Super Micro Computer by 90.7% during the 3rd quarter. Wealth Effects LLC now owns 515 shares of the company’s stock valued at $214,000 after purchasing an additional 245 shares in the last quarter. 84.06% of the stock is owned by 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.