Super Micro Computer, Inc. (NASDAQ:SMCI) Analysts Recommend "Hold" with Average Price Target of $66.89

Super Micro Computer, Inc. (NASDAQ:SMCI) has garnered a consensus recommendation of "Hold" from the eighteen research firms currently tracking the stock, as reported by MarketBeat Ratings. Out of these analysts, two have labeled the stock as a sell, eleven consider it a hold, four have issued buy recommendations, and one analyst has given it a strong buy rating. The average price target set by brokers for Super Micro Computer over the next year stands at $66.89.

Various research analysts have provided their insights regarding the stock. Mizuho initiated coverage on Super Micro Computer on September 17, 2024, assigning a "neutral" rating with a price target of $45.00. In a subsequent report dated October 31, Argus downgraded the stock from a "buy" rating to a "hold" rating. The Goldman Sachs Group also revised its outlook, lowering the price target from $67.50 to $28.00 while maintaining a "neutral" rating on November 6. On September 18, Needham & Company LLC began coverage on the company and set a "buy" rating with a target of $60.00. Wedbush maintained a "neutral" rating but adjusted its price objective down from $62.00 to $32.00 in its analysis on November 4.

Super Micro Computer Price Performance

Trading of NASDAQ: SMCI commenced at $33.33 on Wednesday. The company holds a market capitalization of $18.64 billion, with a price-to-earnings ratio of 16.73 and a beta of 1.29. Super Micro Computer has recorded a 52-week low of $17.25 and a high of $122.90. The average for the last 50 days stands at $32.63, while the 200-day average is at $51.15. The company's quick ratio is 1.93, the current ratio is 3.77, and the debt-to-equity ratio is 0.32.

Institutional Trading Activity

Recent trends indicate that institutional investors and hedge funds have been active in adjusting their positions in Super Micro Computer. Farmers & Merchants Investments Inc. significantly increased its stake by 400.0% in the second quarter, now holding 30 shares valued at $25,000. Moser Wealth Advisors LLC also entered the scene by acquiring a new position worth around $25,000 during the same quarter. Hazlett Burt & Watson Inc. boosted its holdings by 141.2%, owning 41 shares now estimated at $34,000, showing continued interest in the firm. Resources Management Corp CT ADV doubled its stake by 100%, now holding 60 shares valued at $49,000, while Clear Point Advisors Inc. increased its stake by 471.4%, acquiring 80 shares valued at $66,000. Overall, hedge funds and institutional investors now control 84.06% of Super Micro Computer's stock.

Company Profile of Super Micro Computer

Super Micro Computer, Inc. develops and manufactures high-performance server and storage solutions. The company operates both domestically and internationally across the United States, Europe, and Asia. Their product offerings include complete server and storage systems, modular blade servers, workstations, networking devices, server management software, and security software.

Conclusion

The consensus from analysts suggests a cautious outlook on Super Micro Computer while maintaining interest due to its varied product offerings in the tech sector. Investors are encouraged to monitor updates from analysts and any changes in the company's performance metrics.

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