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

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

A number of other research firms also recently weighed in on SMCI. The Goldman Sachs Group reduced their target price on Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating on the stock in a report on Wednesday, November 6th. Cfra reiterated a “hold” rating and issued a $45.40 price target (down from $72.90) on shares of Super Micro Computer in a research note on Wednesday, August 28th. Argus downgraded Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Mizuho assumed coverage on shares of Super Micro Computer in a report on Tuesday, September 17th. They set a “neutral” rating and a $45.00 price target on the stock. Finally, StockNews.com downgraded Super Micro Computer from a “hold” rating to a “sell” rating in a research note on Wednesday, October 9th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $66.89.

Super Micro Computer Trading Up 1.1 %

NASDAQ:SMCI opened at $31.59 on Friday. Super Micro Computer has a 12 month low of $17.25 and a 12 month high of $122.90. 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 company has a 50-day moving average price of $35.34 and a 200-day moving average price of $54.30. The stock has a market cap of $17.67 billion, a price-to-earnings ratio of 15.86 and a beta of 1.29.

Institutional Trading of Super Micro Computer

Several hedge funds have recently bought and sold shares of SMCI. Farmers & Merchants Investments Inc. lifted its position in shares of Super Micro Computer by 400.0% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 30 shares of the company’s stock valued at $25,000 after buying an additional 24 shares in the last quarter. Moser Wealth Advisors LLC purchased a new position in Super Micro Computer during the second quarter valued at approximately $25,000. Hazlett Burt & Watson Inc. boosted its position in shares of Super Micro Computer by 141.2% in the second quarter. Hazlett Burt & Watson Inc. now owns 41 shares of the company’s stock worth $34,000 after purchasing an additional 24 shares during the period. AlphaCentric Advisors LLC purchased a new stake in shares of Super Micro Computer in the second quarter worth $42,000. Finally, Resources Management Corp CT ADV raised its position in shares of Super Micro Computer by 100.0% during the 2nd quarter. Resources Management Corp CT ADV now owns 60 shares of the company’s stock valued at $49,000 after purchasing an additional 30 shares during the period. Institutional investors 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.