Super Micro Computer (NASDAQ:SMCI) Upgraded to "Strong-Buy" at Northland Capmk

Northland Capmk upgraded shares of Super Micro Computer (NASDAQ:SMCI - Free Report) to a strong-buy rating in a research report released on Friday,Zacks.com reports.

A number of other equities analysts also recently commented on SMCI. Mizuho started coverage on shares of Super Micro Computer in a research note on Tuesday, September 17th. They issued a "neutral" rating and a $45.00 price objective for the company. JPMorgan Chase & Co. lowered Super Micro Computer from a "neutral" rating to an "underweight" rating and reduced their price target for the stock from $50.00 to $23.00 in a research report on Wednesday, November 6th. Wells Fargo & Company dropped their price objective on Super Micro Computer from $65.00 to $37.50 and set an "equal weight" rating on the stock in a research report on Wednesday, August 28th. StockNews.com downgraded shares of Super Micro Computer from a "hold" rating to a "sell" rating in a report on Wednesday, October 9th. Finally, Wedbush reissued a "neutral" rating and issued a $32.00 price objective (down previously from $62.00) on shares of Super Micro Computer in a research report on Monday, November 4th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $66.89.

Super Micro Computer Stock Up 1.1 %

Super Micro Computer stock traded up $0.35 during midday trading on Friday, hitting $31.59. 85,532,398 shares of the company's stock were exchanged, compared to its average volume of 83,351,359. Super Micro Computer has a 12 month low of $17.25 and a 12 month high of $122.90. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. The company has a market cap of $17.67 billion, a PE ratio of 15.86 and a beta of 1.29. The firm has a 50-day moving average of $35.34 and a two-hundred day moving average of $54.30.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SMCI. Rakuten Securities Inc. grew its stake in Super Micro Computer by 391.8% in the 3rd quarter. Rakuten Securities Inc. now owns 76,660 shares of the company's stock valued at $31,921,000 after acquiring an additional 61,071 shares during the period. Assetmark Inc. grew its position in shares of Super Micro Computer by 164.8% in the third quarter. Assetmark Inc. now owns 150,333 shares of the company's stock valued at $62,599,000 after purchasing an additional 93,569 shares during the period. Sanctuary Advisors LLC increased its stake in shares of Super Micro Computer by 254.7% during the third quarter. Sanctuary Advisors LLC now owns 30,634 shares of the company's stock worth $12,756,000 after purchasing an additional 21,997 shares in the last quarter. Bridgewater Associates LP raised its position in shares of 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 purchasing an additional 145,327 shares during the last quarter. Finally, Tidal Investments LLC lifted its stake in Super Micro Computer by 143.8% in the 3rd quarter. Tidal Investments LLC now owns 50,355 shares of the company's stock valued at $20,968,000 after buying an additional 29,697 shares in the last quarter. Institutional investors and hedge funds own 84.06% of the company's stock.

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.