Super Micro Computer (NASDAQ:SMCI) Given Outperform Rating at Northland Securities

Super Micro Computer (NASDAQ:SMCI)‘s stock had its “outperform” rating reaffirmed by investment analysts at Northland Securities in a note issued to investors on Wednesday,Benzinga reports. They currently have a $57.00 price target on the stock, up from their previous price target of $54.00. Northland Securities’ price target indicates a potential upside of 47.63% from the stock’s current price.

A number of other research analysts have also recently commented on SMCI. Argus cut shares of Super Micro Computer from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Cfra raised shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a report on Tuesday. Wedbush reaffirmed a “neutral” rating and set a $32.00 target price (down previously from $62.00) on shares of Super Micro Computer in a report on Monday, November 4th. Northland Capmk raised shares of Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. Finally, Loop Capital boosted their price target on shares of Super Micro Computer from $35.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Super Micro Computer has a consensus rating of “Hold” and an average target price of $58.20.

Super Micro Computer Stock Down 9.5 %

Shares of SMCI opened at $38.61 on Wednesday. The stock has a market cap of $22.61 billion, a price-to-earnings ratio of 19.38 and a beta of 1.30. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. Super Micro Computer has a 12 month low of $17.25 and a 12 month high of $122.90. The company has a 50-day moving average price of $33.53 and a two-hundred day moving average price of $40.52.

Institutional Investors Weigh In On Super Micro Computer

Several institutional investors and hedge funds have recently added to or reduced their stakes in SMCI. Emerald Mutual Fund Advisers Trust acquired a new position in shares of Super Micro Computer during the 3rd quarter worth about $87,000. Wealth Effects LLC grew its position in shares of Super Micro Computer by 90.7% during the 3rd quarter. Wealth Effects LLC now owns 515 shares of the company’s stock worth $214,000 after purchasing an additional 245 shares in the last quarter. Retirement Systems of Alabama grew its position in shares of Super Micro Computer by 2.3% during the 3rd quarter. Retirement Systems of Alabama now owns 11,367 shares of the company’s stock worth $4,733,000 after purchasing an additional 258 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its position in shares of Super Micro Computer by 252.8% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 374 shares of the company’s stock worth $156,000 after purchasing an additional 268 shares in the last quarter. Finally, CWM LLC lifted its holdings in shares of Super Micro Computer by 11.7% during the 3rd quarter. CWM LLC now owns 2,773 shares of the company’s stock worth $1,155,000 after acquiring an additional 290 shares during the period. 84.06% of the stock is owned by institutional investors.

About Super Micro Computer

Super Micro Computer, Inc, together with its subsidiaries, develops and manufactures high performance server and storage solutions based on modular and open architecture in the United States, Europe, Asia, and internationally. Its solutions range from complete server, storage systems, modular blade servers, blades, workstations, full racks, networking devices, server sub-systems, server management software, and security software.