BidaskClub upgraded shares of Super Micro Computer (NASDAQ:SMCI) from a strong sell rating to a sell rating in a report released on Friday.
Other equities analysts also recently issued research reports about the company. Zacks Investment Research upgraded Super Micro Computer from a hold rating to a strong-buy rating and set a $24.00 price objective on the stock in a research note on Tuesday, February 6th. Maxim Group upped their price objective on Super Micro Computer from $45.00 to $50.00 and gave the company a buy rating in a research note on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $28.14.
Super Micro Computer stock opened at $17.70 on Friday. Super Micro Computer has a 12 month low of $16.10 and a 12 month high of $27.90. The company has a market capitalization of $844.82, a P/E ratio of 13.21, a PEG ratio of 0.89 and a beta of 0.17.
Several large investors have recently bought and sold shares of SMCI. New York State Common Retirement Fund lifted its position in shares of Super Micro Computer by 18.0% during the third quarter. New York State Common Retirement Fund now owns 48,832 shares of the technology company’s stock worth $1,079,000 after acquiring an additional 7,432 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Super Micro Computer during the third quarter worth $303,000. JPMorgan Chase & Co. lifted its position in shares of Super Micro Computer by 271.7% during the third quarter. JPMorgan Chase & Co. now owns 209,705 shares of the technology company’s stock worth $4,592,000 after acquiring an additional 153,284 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Super Micro Computer by 7.0% during the third quarter. Schwab Charles Investment Management Inc. now owns 267,785 shares of the technology company’s stock worth $5,919,000 after acquiring an additional 17,564 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Super Micro Computer by 4.8% during the third quarter. Dimensional Fund Advisors LP now owns 3,468,926 shares of the technology company’s stock worth $76,663,000 after acquiring an additional 159,049 shares in the last quarter. Hedge funds and other institutional investors own 81.38% of the company’s stock.
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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.
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