Super Micro Computer (NASDAQ:SMCI) Stock Price Expected to Rise, Loop Capital Analyst Says

Super Micro Computer (NASDAQ:SMCI) had its price target boosted by Loop Capital from $40.00 to $50.00 in a research report released on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Other research analysts also recently issued reports about the stock. The Goldman Sachs Group decreased their target price on shares of Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating for the company in a research note on Wednesday, November 6th. Wedbush upped their target price on shares of Super Micro Computer from $24.00 to $40.00 and gave the company a “neutral” rating in a research note on Wednesday. Argus downgraded shares of Super Micro Computer from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Cfra upgraded shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research note on Tuesday. Finally, Northland Securities restated an “outperform” rating and issued a $57.00 target price (up from $54.00) on shares of Super Micro Computer in a research note on Wednesday. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Super Micro Computer has an average rating of “Hold” and a consensus target price of $60.20.

Super Micro Computer Price Performance

Super Micro Computer stock opened at $47.91 on Wednesday. Super Micro Computer has a 52-week low of $17.25 and a 52-week high of $122.90. The firm has a fifty day moving average of $33.59 and a 200-day moving average of $40.37. The firm has a market capitalization of $28.05 billion, a P/E ratio of 24.05 and a beta of 1.30. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Salem Investment Counselors Inc. bought a new position in shares of Super Micro Computer in the 4th quarter worth about $30,000. Trust Co. of Vermont lifted its position in shares of Super Micro Computer by 900.0% in the 4th quarter. Trust Co. of Vermont now owns 1,000 shares of the company’s stock worth $30,000 after buying an additional 900 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of Super Micro Computer by 2,890.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 987 shares of the company’s stock worth $30,000 after acquiring an additional 954 shares during the period. Larson Financial Group LLC lifted its position in Super Micro Computer by 902.0% in the 4th quarter. Larson Financial Group LLC now owns 992 shares of the company’s stock valued at $30,000 after purchasing an additional 893 shares during the last quarter. Finally, Toth Financial Advisory Corp acquired a new position in Super Micro Computer during the 4th quarter valued at about $31,000. 84.06% of the stock is currently owned by 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.