Super Micro Computer (SMCI) Rating Increased to Hold at BidaskClub

BidaskClub upgraded shares of Super Micro Computer (NASDAQ:SMCI) from a sell rating to a hold rating in a research note published on Thursday.

Several other brokerages have also weighed in on SMCI. KeyCorp reissued a hold rating on shares of Super Micro Computer in a report on Friday, September 1st. DA Davidson lowered Super Micro Computer from a buy rating to a neutral rating and decreased their price objective for the stock from $33.00 to $27.00 in a report on Monday, September 18th. Zacks Investment Research lowered Super Micro Computer from a strong-buy rating to a hold rating in a report on Thursday, October 5th. TheStreet downgraded Super Micro Computer from a b- rating to a c rating in a research note on Tuesday, October 10th. Finally, Maxim Group restated a buy rating and issued a $45.00 target price on shares of Super Micro Computer in a research note on Friday, October 27th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company’s stock. Super Micro Computer currently has an average rating of Hold and a consensus target price of $28.13.

Shares of Super Micro Computer (NASDAQ SMCI) opened at $22.00 on Thursday. Super Micro Computer has a twelve month low of $17.70 and a twelve month high of $31.75. The firm has a market capitalization of $1,071.25, a PE ratio of 16.42, a P/E/G ratio of 1.28 and a beta of -0.06. The company has a quick ratio of 1.15, a current ratio of 2.34 and a debt-to-equity ratio of 0.12.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of Super Micro Computer by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 3,562,194 shares of the technology company’s stock valued at $87,808,000 after acquiring an additional 69,229 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Super Micro Computer by 4.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,468,926 shares of the technology company’s stock valued at $76,663,000 after acquiring an additional 159,049 shares during the last quarter. Macquarie Group Ltd. boosted its position in shares of Super Micro Computer by 7.3% during the 3rd quarter. Macquarie Group Ltd. now owns 1,469,796 shares of the technology company’s stock valued at $32,482,000 after acquiring an additional 100,234 shares during the last quarter. Royce & Associates LP boosted its position in shares of Super Micro Computer by 68.5% during the 3rd quarter. Royce & Associates LP now owns 1,242,195 shares of the technology company’s stock valued at $27,453,000 after acquiring an additional 504,903 shares during the last quarter. Finally, State Street Corp boosted its position in shares of Super Micro Computer by 4.1% during the 2nd quarter. State Street Corp now owns 965,582 shares of the technology company’s stock valued at $23,802,000 after acquiring an additional 38,013 shares during the last quarter. Institutional investors and hedge funds own 80.60% of the company’s stock.

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About Super Micro Computer

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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