Northland Securities Reaffirms Outperform Rating for Super Micro Computer (NASDAQ:SMCI)

Northland Securities restated their outperform rating on shares of Super Micro Computer (NASDAQ:SMCI) in a research report released on Wednesday morning,Benzinga reports. The firm currently has a $57.00 price objective on the stock, up from their previous price objective of $54.00.

Other equities research analysts also recently issued reports about the company. Loop Capital boosted their target price on Super Micro Computer from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. Cfra upgraded shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research note on Tuesday. JPMorgan Chase & Co. downgraded shares of Super Micro Computer from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $50.00 to $23.00 in a research note on Wednesday, November 6th. Finally, Wedbush reissued a “neutral” rating and set a $32.00 price target (down previously from $62.00) on shares of Super Micro Computer in a research report on Monday, November 4th. Three investment 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 stock. Based on data from MarketBeat.com, Super Micro Computer presently has an average rating of “Hold” and a consensus target price of $60.20.

Super Micro Computer Price Performance

SMCI stock opened at $39.68 on Wednesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. The firm has a market capitalization of $23.24 billion, a price-to-earnings ratio of 19.92 and a beta of 1.30. The firm has a 50 day moving average price of $33.48 and a 200-day moving average price of $40.30. Super Micro Computer has a 52-week low of $17.25 and a 52-week high of $122.90.

Institutional Trading of Super Micro Computer

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Super Micro Computer by 908.4% in the fourth quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company’s stock worth $1,889,531,000 after purchasing an additional 55,845,073 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Super Micro Computer by 914.7% in the 4th quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company’s stock worth $390,572,000 after purchasing an additional 11,580,677 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Super Micro Computer by 968.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,651,134 shares of the company’s stock worth $111,287,000 after buying an additional 3,309,398 shares during the last quarter. Bank of New York Mellon Corp grew its position in Super Micro Computer by 798.1% during the fourth quarter. Bank of New York Mellon Corp now owns 2,944,620 shares of the company’s stock valued at $89,752,000 after buying an additional 2,616,757 shares during the period. Finally, Swiss National Bank increased its holdings in Super Micro Computer by 851.9% during the fourth quarter. Swiss National Bank now owns 1,488,800 shares of the company’s stock valued at $45,379,000 after buying an additional 1,332,400 shares during the last quarter. Hedge funds and other 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.