Super Micro Computer, Inc. (SMCI) Receives $25.75 Consensus Price Target from Brokerages

Super Micro Computer, Inc. (NASDAQ:SMCI) has received an average rating of “Hold” from the seven analysts that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $25.75.

Several research analysts recently weighed in on the company. ValuEngine downgraded Super Micro Computer from a “hold” rating to a “sell” rating in a research note on Friday, July 20th. Zacks Investment Research upgraded Super Micro Computer from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research note on Wednesday, August 29th. TheStreet downgraded Super Micro Computer from a “b-” rating to a “c+” rating in a research note on Friday, August 17th. Maxim Group downgraded Super Micro Computer from a “buy” rating to a “hold” rating and set a $50.00 target price on the stock. in a research note on Friday, October 5th. Finally, DA Davidson dropped their target price on Super Micro Computer to $14.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 22nd.

SMCI stock traded up $0.18 on Friday, hitting $12.55. 12,486 shares of the company’s stock were exchanged, compared to its average volume of 769,892. Super Micro Computer has a 12-month low of $8.50 and a 12-month high of $27.15.

Institutional investors have recently bought and sold shares of the business. Dynamic Technology Lab Private Ltd purchased a new stake in Super Micro Computer during the 1st quarter valued at about $200,000. Piedmont Investment Advisors LLC purchased a new stake in Super Micro Computer during the 2nd quarter valued at about $210,000. Global X Management Co LLC purchased a new stake in Super Micro Computer during the 2nd quarter valued at about $211,000. Nisa Investment Advisors LLC purchased a new stake in Super Micro Computer during the 2nd quarter valued at about $284,000. Finally, Bessemer Group Inc. grew its stake in Super Micro Computer by 4,186.8% during the 3rd quarter. Bessemer Group Inc. now owns 28,936 shares of the technology company’s stock valued at $596,000 after purchasing an additional 28,261 shares during the last quarter. Institutional investors and hedge funds own 84.11% of the company’s stock.

About Super Micro Computer

Super Micro Computer, Inc, together with its subsidiaries, develops and provides high performance server solutions based on modular and open architecture. It offers a range of server, storage, blade, workstation, and full rack solutions, as well as networking devices, server management software, and technology support and services.

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