Super Micro Computer (NASDAQ:SMCI) Rating Lowered to Sell at BidaskClub

BidaskClub downgraded shares of Super Micro Computer (NASDAQ:SMCI) from a hold rating to a sell rating in a report published on Wednesday, December 27th.

SMCI has been the subject of several other research reports. DA Davidson downgraded shares of Super Micro Computer from a buy rating to a neutral rating and lowered their price target for the company from $33.00 to $27.00 in a report on Monday, September 18th. TheStreet downgraded shares of Super Micro Computer from a b- rating to a c rating in a research note on Tuesday, October 10th. Zacks Investment Research downgraded shares of Super Micro Computer from a strong-buy rating to a hold rating in a research note on Thursday, October 5th. Maxim Group reissued a buy rating and issued a $45.00 price objective on shares of Super Micro Computer in a research note on Wednesday, November 8th. Finally, KeyCorp reissued a hold rating on shares of Super Micro Computer in a research note on Friday, September 1st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. Super Micro Computer currently has an average rating of Hold and an average price target of $28.13.

Shares of Super Micro Computer (SMCI) opened at $21.70 on Wednesday. Super Micro Computer has a 12 month low of $17.70 and a 12 month 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. The stock has a market capitalization of $1,040.00, a price-to-earnings ratio of 16.19, a price-to-earnings-growth ratio of 1.26 and a beta of -0.05.

Several large investors have recently bought and sold shares of SMCI. Rice Hall James & Associates LLC acquired a new stake in shares of Super Micro Computer during the third quarter worth $13,550,000. Royce & Associates LP lifted its stake in shares of Super Micro Computer by 68.5% during the third quarter. Royce & Associates LP now owns 1,242,195 shares of the technology company’s stock worth $27,453,000 after buying an additional 504,903 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Super Micro Computer by 17.1% during the second quarter. Dimensional Fund Advisors LP now owns 3,309,877 shares of the technology company’s stock worth $81,588,000 after buying an additional 482,667 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Super Micro Computer by 224.4% during the second quarter. Goldman Sachs Group Inc. now owns 300,275 shares of the technology company’s stock worth $7,402,000 after buying an additional 207,714 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in Super Micro Computer by 271.7% during the third quarter. JPMorgan Chase & Co. now owns 209,705 shares of the technology company’s stock valued at $4,592,000 after purchasing an additional 153,284 shares during the period. Institutional investors and hedge funds own 80.50% of the company’s stock.

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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.

Analyst Recommendations for Super Micro Computer (NASDAQ:SMCI)

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