Super Micro Computer (NASDAQ:SMCI) Price Target Lowered to $39.00 at JPMorgan Chase & Co.

Super Micro Computer (NASDAQ:SMCI) had its price target cut by analysts at JPMorgan Chase & Co. from $45.00 to $39.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 22.90% from the company’s current price.

Several other research firms have also recently commented on SMCI. Northland Capmk raised shares of Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. Cfra raised Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research report on Tuesday, February 11th. Loop Capital reiterated a “buy” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. StockNews.com raised Super Micro Computer to a “sell” rating in a report on Friday, February 28th. Finally, Barclays assumed coverage on Super Micro Computer in a report on Thursday, February 27th. They issued an “equal weight” rating and a $59.00 price objective for the company. Three analysts have rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $52.57.

Super Micro Computer Price Performance

Shares of NASDAQ:SMCI opened at $31.73 on Thursday. Super Micro Computer has a 12 month low of $17.25 and a 12 month high of $102.03. The firm has a market capitalization of $18.83 billion, a price-to-earnings ratio of 15.91 and a beta of 1.22. The business’s 50 day simple moving average is $40.10 and its 200-day simple moving average is $36.67. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93.

Insiders Place Their Bets

In other Super Micro Computer news, Director Robert L. Blair sold 19,460 shares of Super Micro Computer stock in a transaction on Friday, February 28th. The shares were sold at an average price of $42.58, for a total transaction of $828,606.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Charles Liang sold 46,293 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were 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 in the company, valued at approximately $3,381,640,618.80. This trade represents a 0.07 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 137,473 shares of company stock worth $6,771,552. Company insiders own 17.60% of the company’s stock.

Institutional Trading of Super Micro Computer

Institutional investors and hedge funds have recently made changes to their positions in the company. World Investment Advisors LLC boosted its holdings in shares of Super Micro Computer by 13,210.5% during the 3rd quarter. World Investment Advisors LLC now owns 56,969 shares of the company’s stock valued at $23,722,000 after acquiring an additional 56,541 shares in the last quarter. Tidal Investments LLC grew its stake in Super Micro Computer by 143.8% during the third quarter. Tidal Investments LLC now owns 50,355 shares of the company’s stock worth $20,968,000 after purchasing an additional 29,697 shares during the period. Synovus Financial Corp acquired a new position in shares of Super Micro Computer during the third quarter valued at about $443,000. Retirement Systems of Alabama lifted its position in Super Micro Computer by 2.3% in 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 in the last quarter. Finally, GAMMA Investing LLC boosted its stake in Super Micro Computer by 1,160.6% during the 4th quarter. GAMMA Investing LLC now owns 6,341 shares of the company’s stock valued at $193,000 after purchasing an additional 5,838 shares during the last quarter. Institutional investors own 84.06% of the company’s stock.

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.