Super Micro Computer (NASDAQ:SMCI - Get Free Report) was upgraded by analysts at JPMorgan Chase & Co. from an "underweight" rating to a "neutral" rating in a note issued to investors on Friday, MarketBeat.com reports. The firm presently has a $45.00 price objective on the stock, up from their prior price objective of $35.00. JPMorgan Chase & Co.'s price objective indicates a potential upside of 7.86% from the stock's current price.
SMCI has been the subject of several other research reports. The Goldman Sachs Group upped their price target on Super Micro Computer from $32.00 to $36.00 and gave the company a "neutral" rating in a report on Monday, February 24th. Rosenblatt Securities began coverage on Super Micro Computer in a research report on Monday, March 10th. They issued a "buy" rating and a $60.00 price target on the stock. Northland Securities set a $70.00 price objective on Super Micro Computer in a report on Thursday, March 6th. Cfra raised shares of Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 target price on the stock in a report on Tuesday, February 11th. Finally, Northland Capmk upgraded shares of Super Micro Computer to a "strong-buy" rating in a research report on Friday, December 20th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Super Micro Computer has an average rating of "Hold" and a consensus target price of $53.00.
Read Our Latest Report on Super Micro Computer
Super Micro Computer Stock Performance
Shares of SMCI stock traded down $0.43 during trading hours on Friday, reaching $41.72. 84,875,208 shares of the company's stock were exchanged, compared to its average volume of 73,255,305. The stock has a market capitalization of $24.76 billion, a P/E ratio of 20.94 and a beta of 1.21. Super Micro Computer has a fifty-two week low of $17.25 and a fifty-two week high of $110.61. The business has a fifty day moving average price of $38.87 and a 200-day moving average price of $37.83. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32.
Insider Buying and Selling at Super Micro Computer
In other news, SVP George Kao sold 71,720 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $50.48, for a total value of $3,620,425.60. Following the transaction, the senior vice president now owns 19,449 shares of the company's stock, valued at $981,785.52. This represents a 78.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert L. Blair sold 19,460 shares of the firm's stock in a transaction on Friday, February 28th. The stock was sold at an average price of $42.58, for a total value of $828,606.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 137,473 shares of company stock worth $6,771,552. Company insiders own 17.60% of the company's stock.
Institutional Trading of Super Micro Computer
A number of institutional investors and hedge funds have recently modified their holdings of SMCI. Clear Creek Financial Management LLC acquired a new position in Super Micro Computer during the fourth quarter valued at approximately $635,000. Nepsis Inc. bought a new position in shares of Super Micro Computer during the fourth quarter worth $13,625,000. Sanctuary Advisors LLC grew its holdings in shares of Super Micro Computer by 254.7% in the 3rd quarter. Sanctuary Advisors LLC now owns 30,634 shares of the company's stock valued at $12,756,000 after buying an additional 21,997 shares during the period. Fifth Third Bancorp increased its position in shares of Super Micro Computer by 1,476.6% in the 4th quarter. Fifth Third Bancorp now owns 12,266 shares of the company's stock valued at $374,000 after buying an additional 11,488 shares in the last quarter. Finally, Bridgewater Associates LP raised its stake in Super Micro Computer by 921.1% during the 3rd quarter. Bridgewater Associates LP now owns 161,104 shares of the company's stock worth $67,084,000 after buying an additional 145,327 shares during the period. 84.06% of the stock is owned by institutional investors.
Super Micro Computer Company Profile
(
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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.
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