Super Micro Computer (NASDAQ:SMCI) Price Target Cut to $39.00 by Analysts at JPMorgan Chase & Co.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) had its price target dropped by stock analysts at JPMorgan Chase & Co. from $45.00 to $39.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price target points to a potential upside of 32.25% from the stock's previous close.

A number of other brokerages also recently commented on SMCI. The Goldman Sachs Group cut shares of Super Micro Computer from a "neutral" rating to a "sell" rating and reduced their target price for the stock from $40.00 to $32.00 in a research note on Monday, March 24th. Rosenblatt Securities initiated coverage on shares of Super Micro Computer in a research report on Monday, March 10th. They issued a "buy" rating and a $60.00 price objective for the company. Loop Capital reiterated a "buy" rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Northland Securities set a $70.00 price target on Super Micro Computer in a report on Thursday, March 6th. Finally, Cfra raised Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 price objective on the stock in a report on Tuesday, February 11th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $52.57.

Super Micro Computer Stock Performance

Shares of NASDAQ:SMCI traded down $2.02 during trading on Thursday, reaching $29.49. The company had a trading volume of 19,989,794 shares, compared to its average volume of 72,673,250. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. The stock's fifty day moving average price is $39.73 and its 200 day moving average price is $36.50. Super Micro Computer has a fifty-two week low of $17.25 and a fifty-two week high of $101.40. The firm has a market capitalization of $17.50 billion, a price-to-earnings ratio of 14.80 and a beta of 1.22.

Insiders Place Their Bets

In other news, CEO Charles Liang sold 46,293 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $50.17, for a total value of $2,322,519.81. Following the completion of the transaction, the chief executive officer now owns 67,403,640 shares of the company's stock, valued at $3,381,640,618.80. The trade was a 0.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robert L. Blair sold 19,460 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $42.58, for a total transaction of $828,606.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 137,473 shares of company stock valued at $6,771,552. Corporate insiders own 17.60% of the company's stock.

Institutional Investors Weigh In On Super Micro Computer

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

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.