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.

Analyst Recommendations for Super Micro Computer (NASDAQ:SMCI)

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