Super Micro Computer (NASDAQ:SMCI) Stock Rating Upgraded by JPMorgan Chase & Co.

Super Micro Computer (NASDAQ:SMCI) was upgraded by investment analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a research report issued on Friday, Marketbeat Ratings reports. The firm currently has a $45.00 price target on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 15.09% from the stock’s current price.

Other equities analysts also recently issued research reports about the stock. StockNews.com raised shares of Super Micro Computer to a “sell” rating in a research note on Friday, February 28th. Cfra upgraded Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research note on Tuesday, February 11th. Loop Capital reissued a “buy” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Northland Securities set a $70.00 price target on shares of Super Micro Computer in a research note on Thursday, March 6th. Finally, Wedbush restated a “hold” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Super Micro Computer has an average rating of “Hold” and a consensus price target of $53.29.

Super Micro Computer Stock Performance

Shares of SMCI stock opened at $39.10 on Friday. Super Micro Computer has a 12 month low of $17.25 and a 12 month high of $110.61. The stock has a market cap of $23.21 billion, a PE ratio of 19.63 and a beta of 1.21. The company’s fifty day moving average price is $38.47 and its 200-day moving average price is $37.89. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32.

Insider Transactions at Super Micro Computer

In other Super Micro Computer news, SVP George Kao sold 71,720 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $50.48, for a total value of $3,620,425.60. Following the transaction, the senior vice president now directly owns 19,449 shares in the company, valued at approximately $981,785.52. This trade represents a 78.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert L. Blair sold 19,460 shares of the business’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $42.58, for a total transaction of $828,606.80. The disclosure for this sale can be found here. Insiders have sold a total of 137,473 shares of company stock worth $6,771,552 in the last ninety days. Insiders own 17.60% of the company’s stock.

Hedge Funds Weigh In On Super Micro Computer

Institutional investors and hedge funds have recently bought and sold shares of the stock. Thrivent Financial for Lutherans raised its stake in shares of Super Micro Computer by 440.6% in the third quarter. Thrivent Financial for Lutherans now owns 19,760 shares of the company’s stock worth $8,228,000 after buying an additional 16,105 shares during the period. Prospera Financial Services Inc raised its stake in Super Micro Computer by 41.4% during the 3rd quarter. Prospera Financial Services Inc now owns 3,031 shares of the company’s stock worth $1,262,000 after acquiring an additional 888 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Super Micro Computer during the third quarter valued at approximately $548,000. PNC Financial Services Group Inc. boosted its position in shares of Super Micro Computer by 34.1% in the third quarter. PNC Financial Services Group Inc. now owns 9,174 shares of the company’s stock worth $3,820,000 after purchasing an additional 2,335 shares during the period. Finally, Advisors Asset Management Inc. increased its stake in shares of Super Micro Computer by 22.3% in the third quarter. Advisors Asset Management Inc. now owns 2,618 shares of the company’s stock worth $1,090,000 after purchasing an additional 478 shares in the last quarter. 84.06% of the stock is currently owned by hedge funds and other 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.