Super Micro Computer (NASDAQ:SMCI) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Super Micro Computer (NASDAQ:SMCI) had its target price raised by analysts at The Goldman Sachs Group from $32.00 to $36.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a “neutral” rating on the stock. The Goldman Sachs Group’s price objective points to a potential downside of 33.64% from the stock’s previous close.

A number of other equities research analysts have also commented on the company. Loop Capital reaffirmed a “buy” rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Northland Securities restated an “outperform” rating and set a $57.00 target price (up from $54.00) on shares of Super Micro Computer in a report on Wednesday, February 12th. Wedbush reiterated a “hold” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Argus lowered shares of Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Super Micro Computer from $23.00 to $35.00 and gave the company an “underweight” rating in a research report on Wednesday, February 12th. Three analysts have rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $60.73.

Super Micro Computer Trading Down 3.2 %

NASDAQ SMCI traded down $1.82 during trading on Monday, reaching $54.25. 42,363,005 shares of the stock traded hands, compared to its average volume of 70,943,867. The stock’s 50-day moving average price is $35.23 and its 200 day moving average price is $39.67. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. The firm has a market cap of $31.77 billion, a price-to-earnings ratio of 27.20 and a beta of 1.30. Super Micro Computer has a fifty-two week low of $17.25 and a fifty-two week high of $122.90.

Institutional Investors Weigh In On Super Micro Computer

Large investors have recently made changes to their positions in the stock. Emerald Mutual Fund Advisers Trust acquired a new stake in Super Micro Computer in the third quarter valued at $87,000. Miller Wealth Advisors LLC bought a new stake in shares of Super Micro Computer in the 3rd quarter valued at about $152,000. Archer Investment Corp lifted its stake in Super Micro Computer by 364.2% in the 3rd quarter. Archer Investment Corp now owns 571 shares of the company’s stock valued at $238,000 after purchasing an additional 448 shares during the last quarter. TrueWealth Advisors LLC grew its holdings in Super Micro Computer by 99.0% during the third quarter. TrueWealth Advisors LLC now owns 593 shares of the company’s stock worth $247,000 after purchasing an additional 295 shares during the period. Finally, Bell Bank acquired a new position in Super Micro Computer during the third quarter worth approximately $259,000. 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.