Super Micro Computer (NASDAQ:SMCI) Given New $50.00 Price Target at Loop Capital

Super Micro Computer (NASDAQ:SMCI) had its target price hoisted by Loop Capital from $40.00 to $50.00 in a research report report published on Wednesday morning,Benzinga reports. Loop Capital currently has a buy rating on the stock.

Other equities analysts also recently issued reports about the company. Northland Capmk upgraded Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. Argus lowered shares of Super Micro Computer from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. upped their target price on shares of Super Micro Computer from $23.00 to $35.00 and gave the stock an “underweight” rating in a research note on Wednesday. Cfra upgraded shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a report on Tuesday. Finally, Wedbush boosted their price objective on shares of Super Micro Computer from $24.00 to $40.00 and gave the stock a “neutral” rating in a report on Wednesday. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $60.20.

Super Micro Computer Stock Up 2.8 %

SMCI stock opened at $39.68 on Wednesday. The business has a 50 day moving average of $33.48 and a 200 day moving average of $40.30. The firm has a market cap of $23.24 billion, a PE ratio of 19.92 and a beta of 1.30. Super Micro Computer has a twelve month low of $17.25 and a twelve month high of $122.90. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32.

Institutional Investors Weigh In On Super Micro Computer

A number of large investors have recently made changes to their positions in the company. Emerald Mutual Fund Advisers Trust bought a new position in shares of Super Micro Computer in the 3rd quarter worth approximately $87,000. Wealth Effects LLC increased its holdings in Super Micro Computer by 90.7% during the third quarter. Wealth Effects LLC now owns 515 shares of the company’s stock valued at $214,000 after buying an additional 245 shares during the last quarter. Retirement Systems of Alabama raised its position in Super Micro Computer by 2.3% in the third quarter. Retirement Systems of Alabama now owns 11,367 shares of the company’s stock worth $4,733,000 after acquiring an additional 258 shares during the period. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of Super Micro Computer by 252.8% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 374 shares of the company’s stock worth $156,000 after acquiring an additional 268 shares during the last quarter. Finally, CWM LLC grew its position in shares of Super Micro Computer by 11.7% during the 3rd quarter. CWM LLC now owns 2,773 shares of the company’s stock valued at $1,155,000 after acquiring an additional 290 shares during the period. 84.06% of the stock is currently owned by institutional investors.

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.