Super Micro Computer, Inc. (NASDAQ:SMCI – Get Free Report)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $42.00, but opened at $44.42. Super Micro Computer shares last traded at $43.98, with a volume of 39,715,081 shares.
Analysts Set New Price Targets
Several research analysts have recently issued reports on the stock. Wells Fargo & Company cut their target price on shares of Super Micro Computer from $65.00 to $37.50 and set an “equal weight” rating on the stock in a report on Wednesday, August 28th. Mizuho assumed coverage on shares of Super Micro Computer in a report on Tuesday, September 17th. They issued a “neutral” rating and a $45.00 target price on the stock. Bank of America cut shares of Super Micro Computer from a “buy” rating to a “neutral” rating and cut their target price for the stock from $109.00 to $70.00 in a report on Wednesday, August 7th. Cfra reiterated a “hold” rating and issued a $45.40 price target (down previously from $72.90) on shares of Super Micro Computer in a report on Wednesday, August 28th. Finally, Needham & Company LLC started coverage on shares of Super Micro Computer in a report on Wednesday, September 18th. They issued a “buy” rating and a $60.00 price target on the stock. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Super Micro Computer presently has an average rating of “Hold” and an average price target of $66.89.
Check Out Our Latest Report on Super Micro Computer
Super Micro Computer Price Performance
Hedge Funds Weigh In On Super Micro Computer
Several large investors have recently modified their holdings of the stock. Byrne Asset Management LLC raised its position in shares of Super Micro Computer by 10.4% in the 2nd quarter. Byrne Asset Management LLC now owns 148 shares of the company’s stock worth $132,000 after purchasing an additional 14 shares during the last quarter. Fielder Capital Group LLC raised its position in shares of Super Micro Computer by 2.8% in the 2nd quarter. Fielder Capital Group LLC now owns 580 shares of the company’s stock worth $475,000 after purchasing an additional 16 shares during the last quarter. Kathmere Capital Management LLC raised its position in shares of Super Micro Computer by 5.0% in the 2nd quarter. Kathmere Capital Management LLC now owns 379 shares of the company’s stock worth $311,000 after purchasing an additional 18 shares during the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of Super Micro Computer by 0.4% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 4,322 shares of the company’s stock worth $3,541,000 after purchasing an additional 19 shares during the last quarter. Finally, First Horizon Advisors Inc. raised its position in shares of Super Micro Computer by 10.6% in the 2nd quarter. First Horizon Advisors Inc. now owns 219 shares of the company’s stock worth $179,000 after purchasing an additional 21 shares during the last quarter. 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.
Featured Stories
- Five stocks we like better than Super Micro Computer
- 3 Monster Growth Stocks to Buy Now
- Tesla Poised to Hit Record Highs This Holiday Season
- What Are Trending Stocks? Trending Stocks Explained
- The Salesforce Rally is Just Getting Started: Here’s Why
- How to Find Undervalued Stocks
- 3 Chip and Data Center Stocks That Can Keep Rising in 2025
Receive News & Ratings for Super Micro Computer Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Super Micro Computer and related companies with MarketBeat.com's FREE daily email newsletter.