Super Micro Computer (SMCI) Downgraded by BidaskClub to Sell
BidaskClub downgraded shares of Super Micro Computer (NASDAQ:SMCI) from a hold rating to a sell rating in a research report report published on Thursday morning.
SMCI has been the topic of a number of other reports. DA Davidson downgraded Super Micro Computer from a buy rating to a neutral rating and dropped their price target for the stock from $33.00 to $27.00 in a research note on Monday, September 18th. TheStreet downgraded Super Micro Computer from a b- rating to a c rating in a research note on Tuesday, October 10th. Zacks Investment Research downgraded Super Micro Computer from a strong-buy rating to a hold rating in a research note on Thursday, October 5th. Maxim Group restated a buy rating and issued a $45.00 price target on shares of Super Micro Computer in a research note on Wednesday, November 8th. Finally, KeyCorp restated a hold rating on shares of Super Micro Computer in a research note on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $28.13.
Super Micro Computer (SMCI) traded up $0.05 during mid-day trading on Thursday, hitting $21.60. The stock had a trading volume of 241,433 shares, compared to its average volume of 436,381. The stock has a market cap of $1,044.46, a P/E ratio of 16.01, a P/E/G ratio of 1.25 and a beta of -0.06. Super Micro Computer has a 52-week low of $17.70 and a 52-week high of $31.75. The company has a current ratio of 2.34, a quick ratio of 1.15 and a debt-to-equity ratio of 0.12.
A number of institutional investors have recently made changes to their positions in the stock. Victory Capital Management Inc. raised its holdings in Super Micro Computer by 86.1% in the 3rd quarter. Victory Capital Management Inc. now owns 6,813 shares of the technology company’s stock worth $151,000 after purchasing an additional 3,152 shares during the period. Piedmont Investment Advisors LLC bought a new position in Super Micro Computer in the 2nd quarter worth $202,000. Aperio Group LLC raised its holdings in Super Micro Computer by 0.8% in 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. Municipal Employees Retirement System of Michigan raised its holdings 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 worth $219,000 after purchasing an additional 360 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in Super Micro Computer in the 3rd quarter worth $222,000. 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.
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