Super Micro Computer, Inc. (NASDAQ:SMCI) Receives $62.89 Consensus Target Price from Analysts

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) have received an average rating of "Hold" from the eighteen analysts that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $62.89.

SMCI has been the topic of a number of recent analyst reports. Northland Capmk upgraded Super Micro Computer to a "strong-buy" rating in a research report on Friday, December 20th. JPMorgan Chase & Co. downgraded shares of Super Micro Computer from a "neutral" rating to an "underweight" rating and reduced their price objective for the company from $50.00 to $23.00 in a research report on Wednesday, November 6th. StockNews.com cut shares of Super Micro Computer from a "hold" rating to a "sell" rating in a research report on Wednesday, October 9th. Wedbush reiterated a "neutral" rating and set a $32.00 price target (down previously from $62.00) on shares of Super Micro Computer in a research report on Monday, November 4th. Finally, Argus downgraded Super Micro Computer from a "buy" rating to a "hold" rating in a report on Thursday, October 31st.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Salem Investment Counselors Inc. bought a new stake in shares of Super Micro Computer during the fourth quarter valued at approximately $30,000. Trust Co. of Vermont increased its holdings in shares of Super Micro Computer by 900.0% in the 4th quarter. Trust Co. of Vermont now owns 1,000 shares of the company's stock worth $30,000 after purchasing an additional 900 shares in the last quarter. Toth Financial Advisory Corp purchased a new position in shares of Super Micro Computer in the fourth quarter worth $31,000. Golden State Wealth Management LLC bought a new position in shares of Super Micro Computer during the fourth quarter valued at $34,000. Finally, New Wave Wealth Advisors LLC purchased a new stake in shares of Super Micro Computer during the fourth quarter valued at $42,000. 84.06% of the stock is owned by hedge funds and other institutional investors.

Super Micro Computer Trading Down 0.7 %

Shares of SMCI stock traded down $0.20 during mid-day trading on Friday, reaching $27.98. The stock had a trading volume of 15,776,957 shares, compared to its average volume of 32,696,738. 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 stock's 50-day moving average price is $33.97 and its two-hundred day moving average price is $43.93. The firm has a market capitalization of $15.65 billion, a PE ratio of 14.02 and a beta of 1.31. Super Micro Computer has a 52-week low of $17.25 and a 52-week high of $122.90.

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.