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.
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