Super Micro Computer (SMCI) Raised to Strong-Buy at BidaskClub

Super Micro Computer (NASDAQ:SMCI) was upgraded by stock analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a note issued to investors on Wednesday.

A number of other research firms also recently issued reports on SMCI. TheStreet raised Super Micro Computer from a “c+” rating to a “b” rating in a research note on Friday, June 1st. Zacks Investment Research upgraded Super Micro Computer from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a report on Wednesday, May 9th. Finally, DA Davidson boosted their price objective on Super Micro Computer to $24.00 and gave the company a “neutral” rating in a report on Monday, May 7th. Seven research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $28.00.

Shares of Super Micro Computer opened at $26.20 on Wednesday, Marketbeat Ratings reports. The stock has a market cap of $1.30 billion, a PE ratio of 19.55, a price-to-earnings-growth ratio of 1.32 and a beta of 0.28. Super Micro Computer has a twelve month low of $16.10 and a twelve month high of $27.90.

Institutional investors have recently made changes to their positions in the business. Bank of Montreal Can increased its holdings in shares of Super Micro Computer by 611.1% in the fourth quarter. Bank of Montreal Can now owns 8,704 shares of the technology company’s stock valued at $183,000 after purchasing an additional 7,480 shares during the last quarter. LPL Financial LLC purchased a new position in Super Micro Computer in the fourth quarter worth approximately $205,000. BB&T Securities LLC purchased a new position in Super Micro Computer in the first quarter worth approximately $175,000. Victory Capital Management Inc. boosted its position in shares of Super Micro Computer by 51.0% during the first quarter. Victory Capital Management Inc. now owns 11,266 shares of the technology company’s stock worth $192,000 after buying an additional 3,806 shares during the period. Finally, GWM Advisors LLC purchased a new position in shares of Super Micro Computer during the first quarter worth $189,000. 85.48% of the stock is owned by institutional investors and hedge funds.

About Super Micro Computer

Super Micro Computer, Inc, together with its subsidiaries, develops and provides high performance server solutions based on modular and open architecture. It offers a range of server, storage, blade, workstation, and full rack solutions, as well as networking devices, server management software, and technology support and services.

Analyst Recommendations for Super Micro Computer (NASDAQ:SMCI)

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