Super Micro Computer, Inc. (NASDAQ:SMCI) Receives Average Recommendation of “Hold” from Brokerages

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) have been assigned a consensus recommendation of “Hold” from the eighteen research firms that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $66.89.

Several research analysts have recently issued reports on the company. StockNews.com downgraded Super Micro Computer from a “hold” rating to a “sell” rating in a research note on Wednesday, October 9th. Northland Capmk raised shares of Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. The Goldman Sachs Group dropped their price objective on shares of Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating for the company in a research note on Wednesday, November 6th. Wedbush reaffirmed a “neutral” rating and issued a $32.00 target price (down previously from $62.00) on shares of Super Micro Computer in a research note on Monday, November 4th. Finally, JPMorgan Chase & Co. downgraded Super Micro Computer from a “neutral” rating to an “underweight” rating and dropped their price target for the stock from $50.00 to $23.00 in a research report on Wednesday, November 6th.

Super Micro Computer Stock Performance

Shares of SMCI stock opened at $33.33 on Wednesday. The stock has a fifty day moving average price of $32.35 and a 200 day moving average price of $50.47. 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 stock has a market cap of $18.64 billion, a PE ratio of 16.73 and a beta of 1.29. Super Micro Computer has a 1 year low of $17.25 and a 1 year high of $122.90.

Hedge Funds Weigh In On Super Micro Computer

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Farmers & Merchants Investments Inc. grew its stake 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 during the period. Moser Wealth Advisors LLC acquired a new stake in Super Micro Computer during the second quarter worth about $25,000. Hazlett Burt & Watson Inc. raised its holdings in shares of Super Micro Computer by 141.2% in the 2nd 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. Resources Management Corp CT ADV lifted its stake in shares of Super Micro Computer by 100.0% in 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 in the last quarter. Finally, Clear Point Advisors Inc. lifted its stake in shares of Super Micro Computer by 471.4% in the 2nd quarter. Clear Point Advisors Inc. now owns 80 shares of the company’s stock valued at $66,000 after purchasing an additional 66 shares in the last quarter. 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.