Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) have been given a consensus recommendation of “Hold” by the eleven ratings firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $28.83.
A number of research analysts have commented on SMCI shares. Zacks Investment Research upgraded shares of Super Micro Computer from a “hold” rating to a “strong-buy” rating and set a $24.00 price objective on the stock in a research note on Tuesday, February 6th. BidaskClub lowered shares of Super Micro Computer from a “sell” rating to a “strong sell” rating in a research note on Wednesday, February 21st. Finally, Maxim Group lifted their price objective on shares of Super Micro Computer from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Macquarie Group Ltd. increased its stake in shares of Super Micro Computer by 35.4% during the fourth quarter. Macquarie Group Ltd. now owns 1,990,175 shares of the technology company’s stock worth $41,644,000 after acquiring an additional 520,379 shares during the period. Guggenheim Capital LLC acquired a new position in shares of Super Micro Computer during the fourth quarter worth about $6,544,000. BlackRock Inc. increased its stake in shares of Super Micro Computer by 4.3% during the fourth quarter. BlackRock Inc. now owns 4,996,628 shares of the technology company’s stock worth $104,553,000 after acquiring an additional 205,981 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Super Micro Computer by 4.8% during the third quarter. Dimensional Fund Advisors LP now owns 3,468,926 shares of the technology company’s stock worth $76,663,000 after acquiring an additional 159,049 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of Super Micro Computer by 271.7% during the third quarter. JPMorgan Chase & Co. now owns 209,705 shares of the technology company’s stock worth $4,592,000 after acquiring an additional 153,284 shares during the period. Institutional investors own 81.55% of the company’s stock.
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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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