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

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) have been given an average recommendation of “Hold” by the eighteen research firms that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, ten have given a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $60.73.

A number of analysts have issued reports on the stock. Argus downgraded shares of Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Northland Capmk upgraded Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. Loop Capital reiterated a “buy” rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. JPMorgan Chase & Co. increased their price target on Super Micro Computer from $23.00 to $35.00 and gave the company an “underweight” rating in a research note on Wednesday, February 12th. Finally, The Goldman Sachs Group lifted their price objective on Super Micro Computer from $32.00 to $36.00 and gave the stock a “neutral” rating in a research note on Monday.

Super Micro Computer Trading Up 12.2 %

Shares of SMCI opened at $51.11 on Thursday. Super Micro Computer has a 1 year low of $17.25 and a 1 year high of $122.90. The company has a 50 day simple moving average of $36.20 and a two-hundred day simple moving average of $39.65. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. The firm has a market cap of $29.93 billion, a P/E ratio of 25.66 and a beta of 1.30.

Institutional Trading of Super Micro Computer

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Super Micro Computer by 908.4% in the fourth quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company’s stock worth $1,889,531,000 after buying an additional 55,845,073 shares during the period. Geode Capital Management LLC boosted its holdings in Super Micro Computer by 914.7% during the 4th quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company’s stock valued at $390,572,000 after acquiring an additional 11,580,677 shares during the period. FMR LLC bought a new position in Super Micro Computer in the 4th quarter valued at $292,869,000. Invesco Ltd. increased its stake in Super Micro Computer by 929.5% in the fourth quarter. Invesco Ltd. now owns 7,542,742 shares of the company’s stock worth $229,903,000 after purchasing an additional 6,810,082 shares during the period. Finally, Northern Trust Corp lifted its position in shares of Super Micro Computer by 1,573.8% during the fourth quarter. Northern Trust Corp now owns 4,897,876 shares of the company’s stock worth $149,287,000 after purchasing an additional 4,605,260 shares during the last quarter. Institutional investors 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.