Super Micro Computer (SMCI) Stock Rating Upgraded by BidaskClub
Super Micro Computer (NASDAQ:SMCI) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Thursday.
Other equities analysts have also issued reports about the stock. Susquehanna Bancshares lowered shares of Super Micro Computer from a “positive” rating to a “neutral” rating and reduced their price target for the stock from $31.00 to $23.00 in a research report on Tuesday, September 19th. DA Davidson lowered shares of Super Micro Computer from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $33.00 to $27.00 in a research report on Monday, September 18th. Zacks Investment Research raised shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research report on Thursday, September 21st. Maxim Group reissued a “buy” rating and set a $45.00 price target on shares of Super Micro Computer in a research report on Friday, October 27th. Finally, Citigroup reduced their price target on shares of Super Micro Computer from $31.00 to $23.00 and set a “neutral” rating for the company in a research report on Tuesday, September 19th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. Super Micro Computer currently has an average rating of “Hold” and an average target price of $28.13.
Super Micro Computer (SMCI) traded up $0.30 on Thursday, reaching $22.00. 1,250,000 shares of the company’s stock were exchanged, compared to its average volume of 374,501. Super Micro Computer has a 12 month low of $17.70 and a 12 month 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. The stock has a market cap of $1,090.00, a price-to-earnings ratio of 16.19, a PEG ratio of 1.26 and a beta of -0.06.
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Super Micro Computer Company Profile
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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