Super Micro Computer (NASDAQ:SMCI) Price Target Raised to $200.00 at Loop Capital

Super Micro Computer (NASDAQ:SMCI – Get Rating) had its price target lifted by research analysts at Loop Capital from $150.00 to $200.00 in a research report issued on Wednesday, The Fly reports. Loop Capital’s price objective would suggest a potential downside of 3.32% from the company’s current price.

Other equities research analysts also recently issued reports about the stock. Northland Securities raised their target price on shares of Super Micro Computer from $175.00 to $200.00 in a research note on Wednesday, May 3rd. Wedbush reaffirmed an “underperform” rating and set a $65.00 price objective on shares of Super Micro Computer in a report on Wednesday, May 3rd. StockNews.com initiated coverage on Super Micro Computer in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. Finally, Susquehanna increased their target price on Super Micro Computer from $69.00 to $90.00 in a research note on Wednesday, May 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $122.00.

Super Micro Computer Trading Up 23.4 %

Shares of Super Micro Computer stock opened at $206.86 on Wednesday. Super Micro Computer has a 12-month low of $37.01 and a 12-month high of $213.40. The company has a market cap of $10.86 billion, a price-to-earnings ratio of 19.48 and a beta of 1.25. The company has a current ratio of 2.49, a quick ratio of 1.08 and a debt-to-equity ratio of 0.08. The company’s 50-day moving average price is $120.77 and its 200-day moving average price is $98.01.

Insider Activity

In related news, Director Shiu Leung Chan acquired 1,000 shares of Super Micro Computer stock in a transaction dated Wednesday, May 10th. The shares were purchased at an average cost of $133.09 per share, with a total value of $133,090.00. Following the completion of the purchase, the director now owns 30,000 shares of the company’s stock, valued at $3,992,700. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, SVP George Kao sold 553 shares of the stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $135.19, for a total transaction of $74,760.07. Following the completion of the sale, the senior vice president now directly owns 7,239 shares in the company, valued at $978,640.41. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Shiu Leung Chan acquired 1,000 shares of the stock in a transaction on Wednesday, May 10th. The stock was bought at an average price of $133.09 per share, with a total value of $133,090.00. Following the completion of the acquisition, the director now directly owns 30,000 shares of the company’s stock, valued at $3,992,700. The disclosure for this purchase can be found here. Insiders own 14.50% of the company’s stock.

Institutional Trading of Super Micro Computer

Institutional investors and hedge funds have recently bought and sold shares of the stock. Financial Management Professionals Inc. bought a new stake in shares of Super Micro Computer during the fourth quarter valued at approximately $29,000. OLD Mission Capital LLC bought a new stake in shares of Super Micro Computer during the 4th quarter valued at $35,000. DekaBank Deutsche Girozentrale purchased a new position in shares of Super Micro Computer during the 3rd quarter valued at $37,000. IFP Advisors Inc lifted its stake in shares of Super Micro Computer by 182.0% during the 4th quarter. IFP Advisors Inc now owns 1,128 shares of the company’s stock valued at $39,000 after buying an additional 728 shares in the last quarter. Finally, Byrne Asset Management LLC purchased a new stake in Super Micro Computer in the 1st quarter worth $46,000. 73.08% of the stock is currently owned by hedge funds and other institutional investors.

About Super Micro Computer

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Super Micro Computer, Inc engages in the distribution and manufacture of information technology solutions and other computer products. Its products include twin solutions, MP servers, GPU and coprocessor, MicroCloud, AMD solutions, power supplies, SuperServer, storage, motherboards, chassis, super workstations, accessories, SuperRack and server management products.