Cfra Upgrades Super Micro Computer (NASDAQ:SMCI) to “Buy”

Cfra upgraded shares of Super Micro Computer (NASDAQ:SMCI) from a hold rating to a buy rating in a report released on Tuesday, MarketBeat.com reports. The firm currently has $48.00 target price on the stock.

A number of other research analysts also recently commented on the company. JPMorgan Chase & Co. downgraded Super Micro Computer from a “neutral” rating to an “underweight” rating and lowered their price objective for the stock from $50.00 to $23.00 in a research note on Wednesday, November 6th. The Goldman Sachs Group lowered their price target on shares of Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating for the company in a research report on Wednesday, November 6th. Northland Capmk raised shares of Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. Wedbush reissued a “neutral” rating and set a $32.00 target price (down from $62.00) on shares of Super Micro Computer in a research note on Monday, November 4th. Finally, Argus lowered shares of Super Micro Computer from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Super Micro Computer has an average rating of “Hold” and an average price target of $63.07.

Super Micro Computer Stock Performance

Shares of SMCI stock opened at $38.61 on Tuesday. The company has a market cap of $22.61 billion, a P/E ratio of 19.38 and a beta of 1.30. The business has a 50 day moving average of $33.53 and a two-hundred day moving average of $40.52. Super Micro Computer has a 52 week low of $17.25 and a 52 week high of $122.90. 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

Several large investors have recently bought and sold shares of the company. Emerald Mutual Fund Advisers Trust bought a new stake in Super Micro Computer in the third quarter worth about $87,000. Wealth Effects LLC grew its stake in shares of Super Micro Computer by 90.7% in the 3rd quarter. Wealth Effects LLC now owns 515 shares of the company’s stock worth $214,000 after purchasing an additional 245 shares during the last quarter. Retirement Systems of Alabama raised its holdings in shares of Super Micro Computer by 2.3% in the 3rd quarter. Retirement Systems of Alabama now owns 11,367 shares of the company’s stock worth $4,733,000 after purchasing an additional 258 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in Super Micro Computer by 252.8% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 374 shares of the company’s stock valued at $156,000 after purchasing an additional 268 shares during the last quarter. Finally, CWM LLC boosted its holdings in Super Micro Computer by 11.7% during the third quarter. CWM LLC now owns 2,773 shares of the company’s stock worth $1,155,000 after buying an additional 290 shares in 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.