Super Micro Computer (NASDAQ:SMCI) Upgraded at Cfra

Super Micro Computer (NASDAQ:SMCI) was upgraded by Cfra from a “hold” rating to a “buy” rating in a research note issued on Tuesday, MarketBeat Ratings reports. The brokerage currently has a $48.00 price objective on the stock. Cfra’s price objective indicates a potential upside of 20.97% from the company’s previous close.

Other equities analysts have also recently issued research reports about the stock. Argus cut shares of Super Micro Computer from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Wedbush reissued a “neutral” rating and issued a $32.00 price target (down previously from $62.00) on shares of Super Micro Computer in a research report on Monday, November 4th. Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. Loop Capital raised their price objective on shares of Super Micro Computer from $35.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Finally, The Goldman Sachs Group reduced their price objective on shares of Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating on the stock in a report on Wednesday, November 6th. Three 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 issued a strong buy rating to the company. According to MarketBeat, Super Micro Computer has a consensus rating of “Hold” and an average price target of $60.20.

Super Micro Computer Stock Performance

Shares of SMCI stock opened at $39.68 on Tuesday. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. Super Micro Computer has a 52 week low of $17.25 and a 52 week high of $122.90. The stock has a market capitalization of $23.24 billion, a PE ratio of 19.92 and a beta of 1.30. The firm has a 50 day moving average of $33.48 and a two-hundred day moving average of $40.30.

Institutional Investors Weigh In On Super Micro Computer

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Super Micro Computer by 908.4% in the fourth quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company’s stock valued at $1,889,531,000 after purchasing an additional 55,845,073 shares during the period. Geode Capital Management LLC increased its stake in Super Micro Computer by 914.7% in the fourth quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company’s stock valued at $390,572,000 after purchasing an additional 11,580,677 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Super Micro Computer by 968.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,651,134 shares of the company’s stock valued at $111,287,000 after purchasing an additional 3,309,398 shares during the period. Bank of New York Mellon Corp increased its stake in Super Micro Computer by 798.1% in the fourth quarter. Bank of New York Mellon Corp now owns 2,944,620 shares of the company’s stock valued at $89,752,000 after purchasing an additional 2,616,757 shares during the period. Finally, Swiss National Bank increased its stake in Super Micro Computer by 851.9% in the fourth quarter. Swiss National Bank now owns 1,488,800 shares of the company’s stock valued at $45,379,000 after purchasing an additional 1,332,400 shares during the period. 84.06% of the stock is currently owned by institutional investors and hedge funds.

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.