Super Micro Computer (NASDAQ:SMCI) Earns Equal Weight Rating from Analysts at Barclays

Stock analysts at Barclays began coverage on shares of Super Micro Computer (NASDAQ:SMCI) in a research note issued to investors on Thursday. The firm set an “equal weight” rating and a $59.00 price target on the stock. Barclays‘s price target suggests a potential upside of 15.44% from the stock’s current price.

Other analysts also recently issued reports about the stock. Loop Capital reaffirmed a “buy” rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Northland Capmk raised shares of Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. JPMorgan Chase & Co. upped their target price on shares of Super Micro Computer from $23.00 to $35.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 12th. Wedbush reaffirmed a “hold” rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Finally, Argus downgraded shares of Super Micro Computer from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Super Micro Computer currently has a consensus rating of “Hold” and an average price target of $61.87.

Super Micro Computer Stock Up 12.2 %

Shares of NASDAQ SMCI opened at $51.11 on Thursday. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. Super Micro Computer has a 12 month low of $17.25 and a 12 month high of $122.90. The firm has a market capitalization of $29.93 billion, a PE ratio of 25.66 and a beta of 1.30. The firm has a fifty day simple moving average of $36.20 and a two-hundred day simple moving average of $39.65.

Institutional Trading of Super Micro Computer

A number of institutional investors have recently made changes to their positions in the stock. Emerald Mutual Fund Advisers Trust purchased a new stake in shares of Super Micro Computer during the 3rd quarter valued at about $87,000. Retirement Systems of Alabama boosted its holdings in shares of Super Micro Computer by 2.3% during the 3rd quarter. Retirement Systems of Alabama now owns 11,367 shares of the company’s stock valued at $4,733,000 after acquiring an additional 258 shares during the last quarter. TrueWealth Advisors LLC boosted its holdings in shares of Super Micro Computer by 99.0% during the 3rd quarter. TrueWealth Advisors LLC now owns 593 shares of the company’s stock valued at $247,000 after acquiring an additional 295 shares during the last quarter. Wahed Invest LLC boosted its holdings in shares of Super Micro Computer by 2.9% during the 4th quarter. Wahed Invest LLC now owns 12,362 shares of the company’s stock valued at $377,000 after acquiring an additional 352 shares during the last quarter. Finally, Miller Wealth Advisors LLC purchased a new stake in shares of Super Micro Computer during the 3rd quarter valued at about $152,000. 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.