Maxim Group restated their buy rating on shares of Super Micro Computer, Inc. (NASDAQ:SMCI) in a research note published on Friday, October 27th. The brokerage currently has a $45.00 target price on the technology company’s stock.
Several other analysts also recently commented on the company. Citigroup Inc. lowered their price objective on Super Micro Computer from $31.00 to $23.00 and set a neutral rating for the company in a research note on Tuesday, September 19th. TheStreet downgraded Super Micro Computer from a b- rating to a c rating in a research report on Tuesday, October 10th. Zacks Investment Research downgraded Super Micro Computer from a strong-buy rating to a hold rating in a research report on Thursday, October 5th. Susquehanna Bancshares Inc reaffirmed a positive rating and set a $31.00 price target (down from $33.00) on shares of Super Micro Computer in a research report on Sunday, July 23rd. Finally, ValuEngine raised Super Micro Computer from a hold rating to a buy rating in a research report on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $29.29.
Shares of Super Micro Computer (NASDAQ SMCI) opened at $20.00 on Friday. The company has a market capitalization of $996.28, a P/E ratio of 14.59, a PEG ratio of 1.11 and a beta of -0.12. Super Micro Computer has a 52 week low of $17.70 and a 52 week high of $31.75. The company has a quick ratio of 1.15, a current ratio of 2.34 and a debt-to-equity ratio of 0.12.
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In other Super Micro Computer news, Director Hwei-Ming Fred Tsai sold 5,000 shares of the stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $27.10, for a total transaction of $135,500.00. Following the completion of the transaction, the director now directly owns 245,000 shares of the company’s stock, valued at $6,639,500. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 23.60% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in shares of Super Micro Computer by 46,673.4% in the first quarter. BlackRock Inc. now owns 4,774,160 shares of the technology company’s stock worth $121,025,000 after acquiring an additional 4,763,953 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Super Micro Computer by 2.0% in the second quarter. Vanguard Group Inc. now owns 3,562,194 shares of the technology company’s stock worth $87,808,000 after acquiring an additional 69,229 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Super Micro Computer by 17.1% in the second quarter. Dimensional Fund Advisors LP now owns 3,309,877 shares of the technology company’s stock worth $81,588,000 after acquiring an additional 482,667 shares during the period. Macquarie Group Ltd. boosted its stake in Super Micro Computer by 7.3% during the third quarter. Macquarie Group Ltd. now owns 1,469,796 shares of the technology company’s stock valued at $32,482,000 after buying an additional 100,234 shares during the period. Finally, State Street Corp boosted its stake in Super Micro Computer by 4.1% during the second quarter. State Street Corp now owns 965,582 shares of the technology company’s stock valued at $23,802,000 after buying an additional 38,013 shares during the period. 78.44% of the stock is owned by hedge funds and other institutional investors.
Super Micro Computer Company Profile
Super Micro Computer, Inc is engaged in developing and providing end-to-end green computing solutions to the cloud computing, data center, enterprise information technology (IT), big data, high performance computing (HPC) and Internet of Things (IoT)/embedded markets. The Company’s solutions range from server, storage, blade and workstations to full racks, networking devices, server management software and technology support and services.
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