BidaskClub upgraded shares of Super Micro Computer (NASDAQ:SMCI) from a sell rating to a hold rating in a research report released on Thursday morning.

SMCI has been the topic of a number of other reports. DA Davidson cut Super Micro Computer from a buy rating to a neutral rating and dropped their target price for the company from $33.00 to $27.00 in a research report on Monday, September 18th. TheStreet cut Super Micro Computer from a b- rating to a c rating in a research report on Tuesday, October 10th. Zacks Investment Research cut Super Micro Computer from a strong-buy rating to a hold rating in a research report on Thursday, October 5th. Maxim Group restated a buy rating and set a $45.00 target price on shares of Super Micro Computer in a research report on Wednesday, November 8th. Finally, KeyCorp restated a hold rating on shares of Super Micro Computer in a research report on Friday, September 1st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. Super Micro Computer currently has an average rating of Hold and an average price target of $28.13.

Super Micro Computer (NASDAQ:SMCI) traded up $0.30 during trading hours on Thursday, hitting $22.00. The stock had a trading volume of 1,250,000 shares, compared to its average volume of 336,098. Super Micro Computer has a 52-week low of $17.70 and a 52-week high of $31.75. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.34 and a quick ratio of 1.15. The firm has a market cap of $1,071.25, a PE ratio of 16.42, a PEG ratio of 1.28 and a beta of -0.06.

A number of hedge funds have recently bought and sold shares of SMCI. Victory Capital Management Inc. boosted 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 buying an additional 3,152 shares during the last quarter. Tiedemann Wealth Management LLC boosted its holdings in Super Micro Computer by 29.7% in the 3rd quarter. Tiedemann Wealth Management LLC now owns 32,975 shares of the technology company’s stock worth $161,000 after buying an additional 7,550 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new stake in Super Micro Computer in the 2nd quarter worth about $202,000. Aperio Group LLC boosted 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 buying an additional 68 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan boosted 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 buying an additional 360 shares during the last quarter. Institutional investors own 80.60% of the company’s stock.

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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.

Analyst Recommendations for Super Micro Computer (NASDAQ:SMCI)

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