Super Micro Computer, Inc. (SMCI) Receives $25.75 Average PT from Brokerages

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) have been assigned a consensus recommendation of “Hold” from the seven brokerages that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $25.75.

SMCI has been the topic of a number of research reports. Zacks Investment Research upgraded Super Micro Computer from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research report on Wednesday, August 29th. Maxim Group restated a “buy” rating and set a $50.00 price target on shares of Super Micro Computer in a research report on Wednesday, August 22nd. TheStreet downgraded Super Micro Computer from a “b-” rating to a “c+” rating in a research report on Friday, August 17th. BidaskClub downgraded Super Micro Computer from a “buy” rating to a “hold” rating in a research report on Wednesday, June 20th. Finally, DA Davidson lowered their price target on Super Micro Computer to $14.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 22nd.

Several large investors have recently made changes to their positions in the company. Bank of New York Mellon Corp grew its stake in shares of Super Micro Computer by 0.7% during the second quarter. Bank of New York Mellon Corp now owns 491,857 shares of the technology company’s stock valued at $11,632,000 after buying an additional 3,618 shares during the last quarter. Prudential Financial Inc. grew its stake in shares of Super Micro Computer by 5.8% during the first quarter. Prudential Financial Inc. now owns 66,295 shares of the technology company’s stock valued at $1,127,000 after buying an additional 3,632 shares during the last quarter. Legal & General Group Plc grew its stake in shares of Super Micro Computer by 4.6% during the second quarter. Legal & General Group Plc now owns 82,528 shares of the technology company’s stock valued at $1,955,000 after buying an additional 3,632 shares during the last quarter. Barclays PLC grew its stake in shares of Super Micro Computer by 18.6% during the first quarter. Barclays PLC now owns 24,564 shares of the technology company’s stock valued at $418,000 after buying an additional 3,861 shares during the last quarter. Finally, California Public Employees Retirement System grew its stake in shares of Super Micro Computer by 9.5% during the first quarter. California Public Employees Retirement System now owns 45,991 shares of the technology company’s stock valued at $782,000 after buying an additional 3,991 shares during the last quarter. 84.11% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ SMCI traded up $0.06 during trading hours on Wednesday, reaching $13.11. 522,502 shares of the stock traded hands, compared to its average volume of 798,433. Super Micro Computer has a 1 year low of $8.50 and a 1 year high of $27.15. The company has a market capitalization of $797.59 million, a price-to-earnings ratio of 9.78, a PEG ratio of 0.61 and a beta of 0.19.

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.

Further Reading: What is a Fiduciary?

Receive News & Ratings for Super Micro Computer Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Super Micro Computer and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply