Super Micro Computer (NASDAQ:SMCI) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Thursday.

A number of other equities analysts have also recently commented on SMCI. Zacks Investment Research raised shares of Super Micro Computer from a “sell” rating to a “hold” rating in a report on Friday, August 11th. Stifel Nicolaus set a $30.00 target price on shares of Super Micro Computer and gave the company a “hold” rating in a report on Tuesday, August 15th. DA Davidson cut shares of Super Micro Computer from a “buy” rating to a “neutral” rating and cut their target price for the company from $33.00 to $27.00 in a report on Monday, September 18th. Susquehanna Bancshares cut shares of Super Micro Computer from a “positive” rating to a “neutral” rating and cut their target price for the company from $31.00 to $23.00 in a report on Tuesday, September 19th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Super Micro Computer in a report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $28.13.

Shares of Super Micro Computer (SMCI) traded up $0.05 during trading on Thursday, hitting $21.60. 237,270 shares of the stock were exchanged, compared to its average volume of 372,109. The firm has a market cap of $1,049.33, a PE ratio of 16.08, a price-to-earnings-growth ratio of 1.25 and a beta of -0.06. Super Micro Computer has a fifty-two week low of $17.70 and a fifty-two week high of $31.75. The company has a quick ratio of 1.15, a current ratio of 2.34 and a debt-to-equity ratio of 0.12.

Institutional investors and hedge funds have recently made changes to their positions in the business. Royce & Associates LP increased its stake in Super Micro Computer by 56.2% in the 2nd quarter. Royce & Associates LP now owns 737,292 shares of the technology company’s stock valued at $18,174,000 after buying an additional 265,164 shares during the period. State Street Corp increased its stake in Super Micro Computer by 4.1% in the 2nd quarter. State Street Corp now owns 965,582 shares of the technology company’s stock valued at $23,802,000 after buying an additional 38,013 shares during the period. Thompson Siegel & Walmsley LLC increased its stake in Super Micro Computer by 15.3% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 446,992 shares of the technology company’s stock valued at $11,019,000 after buying an additional 59,235 shares during the period. Schwab Charles Investment Management Inc. increased its stake in Super Micro Computer by 15.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 250,221 shares of the technology company’s stock valued at $6,168,000 after buying an additional 34,390 shares during the period. Finally, Northern Trust Corp increased its stake in Super Micro Computer by 3.2% in the 2nd quarter. Northern Trust Corp now owns 497,363 shares of the technology company’s stock valued at $12,260,000 after buying an additional 15,652 shares during the period. 80.60% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Super Micro Computer (NASDAQ:SMCI)

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