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.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Aperio Group LLC grew its stake in shares of Super Micro Computer by 0.8% during the 2nd quarter. Aperio Group LLC now owns 8,241 shares of the technology company’s stock worth $203,000 after purchasing an additional 68 shares during the period. The Manufacturers Life Insurance Company grew its stake in Super Micro Computer by 0.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 30,249 shares of the technology company’s stock valued at $745,000 after acquiring an additional 118 shares during the period. Arizona State Retirement System grew its stake in Super Micro Computer by 1.0% in the 2nd quarter. Arizona State Retirement System now owns 19,850 shares of the technology company’s stock valued at $489,000 after acquiring an additional 200 shares during the period. Municipal Employees Retirement System of Michigan grew its stake in Super Micro Computer by 4.2% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 8,890 shares of the technology company’s stock valued at $219,000 after acquiring an additional 360 shares during the period. Finally, Texas Permanent School Fund grew its stake in Super Micro Computer by 1.7% in the 2nd quarter. Texas Permanent School Fund now owns 27,730 shares of the technology company’s stock valued at $684,000 after acquiring an additional 456 shares during the period. 80.60% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: This piece was first published by American Banking News and is the property of of American Banking News. If you are accessing this piece on another publication, it was copied illegally and reposted in violation of United States & international copyright law. The correct version of this piece can be read at https://www.americanbankingnews.com/2017/12/16/super-micro-computer-smci-stock-rating-upgraded-by-bidaskclub.html.

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.

Analyst Recommendations for Super Micro Computer (NASDAQ:SMCI)

Receive News & Ratings for Super Micro Computer Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Super Micro Computer and related companies with MarketBeat.com's FREE daily email newsletter.