Super Micro Computer (NASDAQ:SMCI) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Super Micro Computer (NASDAQ:SMCI) from an underweight rating to a neutral rating in a research report report published on Friday morning, Marketbeat Ratings reports. The brokerage currently has $45.00 target price on the stock, up from their prior target price of $35.00.

SMCI has been the subject of a number of other reports. Loop Capital reaffirmed a “buy” rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. The Goldman Sachs Group increased their price objective on Super Micro Computer from $32.00 to $36.00 and gave the stock a “neutral” rating in a research report on Monday, February 24th. Northland Securities set a $70.00 price objective on Super Micro Computer in a research report on Thursday, March 6th. StockNews.com raised Super Micro Computer to a “sell” rating in a research report on Friday, February 28th. Finally, Northland Capmk raised Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Super Micro Computer currently has an average rating of “Hold” and an average target price of $53.29.

Super Micro Computer Stock Up 7.8 %

Super Micro Computer stock opened at $42.15 on Friday. Super Micro Computer has a twelve month low of $17.25 and a twelve month high of $110.61. The stock has a 50 day moving average of $38.66 and a two-hundred day moving average of $37.84. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $25.02 billion, a price-to-earnings ratio of 21.16 and a beta of 1.21.

Insider Activity at Super Micro Computer

In other Super Micro Computer news, CEO Charles Liang sold 46,293 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $50.17, for a total transaction of $2,322,519.81. Following the completion of the transaction, the chief executive officer now owns 67,403,640 shares of the company’s stock, valued at approximately $3,381,640,618.80. This trade represents a 0.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP George Kao sold 71,720 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was 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 of the company’s stock, valued at $981,785.52. The trade was a 78.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 137,473 shares of company stock valued at $6,771,552 in the last ninety days. Corporate insiders own 17.60% of the company’s stock.

Hedge Funds Weigh In On Super Micro Computer

Several hedge funds have recently bought and sold shares of SMCI. Salem Investment Counselors Inc. purchased a new position in Super Micro Computer during the fourth quarter worth $30,000. Trust Co. of Vermont increased its position in Super Micro Computer by 900.0% during the fourth quarter. Trust Co. of Vermont now owns 1,000 shares of the company’s stock worth $30,000 after buying an additional 900 shares in the last quarter. Parkside Financial Bank & Trust increased its position in Super Micro Computer by 2,890.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 987 shares of the company’s stock worth $30,000 after buying an additional 954 shares in the last quarter. Larson Financial Group LLC boosted its holdings in shares of Super Micro Computer by 902.0% during the fourth quarter. Larson Financial Group LLC now owns 992 shares of the company’s stock worth $30,000 after purchasing an additional 893 shares during the last quarter. Finally, Toth Financial Advisory Corp acquired a new stake in shares of Super Micro Computer during the fourth quarter worth $31,000. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Super Micro Computer Company Profile

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.