Loop Capital Forecasts Strong Price Appreciation for Super Micro Computer (NASDAQ:SMCI) Stock

Super Micro Computer (NASDAQ:SMCI) had its target price raised by Loop Capital from $35.00 to $40.00 in a research report report published on Thursday,Benzinga reports. Loop Capital currently has a buy rating on the stock.

Other research analysts have also recently issued reports about the company. Argus cut Super Micro Computer from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. The Goldman Sachs Group dropped their price target on shares of Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 6th. Barclays lowered their target price on shares of Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating for the company in a report on Wednesday, October 2nd. StockNews.com cut Super Micro Computer from a “hold” rating to a “sell” rating in a research report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. cut Super Micro Computer from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $50.00 to $23.00 in a research note on Wednesday, November 6th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Super Micro Computer currently has an average rating of “Hold” and a consensus target price of $62.89.

Super Micro Computer Trading Down 1.3 %

Shares of NASDAQ:SMCI opened at $33.41 on Thursday. Super Micro Computer has a 52 week low of $17.25 and a 52 week high of $122.90. The company’s 50 day moving average is $33.53 and its two-hundred day moving average is $45.50. The company has a market cap of $18.69 billion, a PE ratio of 16.77 and a beta of 1.31. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32.

Hedge Funds Weigh In On Super Micro Computer

Institutional investors have recently made changes to their positions in the stock. Salem Investment Counselors Inc. purchased a new stake in Super Micro Computer during the 4th quarter worth about $30,000. Trust Co. of Vermont grew its holdings in shares of 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. Toth Financial Advisory Corp acquired a new position in shares of Super Micro Computer in the fourth quarter valued at approximately $31,000. New Wave Wealth Advisors LLC purchased a new position in shares of Super Micro Computer during the fourth quarter valued at approximately $42,000. Finally, Kieckhefer Group LLC purchased a new stake in Super Micro Computer in the 4th quarter worth approximately $43,000. 84.06% of the stock is 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.