Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) shares hit a new 52-week low on Thursday . The company traded as low as $18.10 and last traded at $18.10, with a volume of 4818991 shares trading hands. The stock had previously closed at $20.33.
A number of equities analysts have commented on the stock. StockNews.com cut shares of Super Micro Computer from a "hold" rating to a "sell" rating in a research note on Wednesday, October 9th. Loop Capital lowered their price target on Super Micro Computer from $150.00 to $100.00 and set a "buy" rating on the stock in a research report on Monday, September 23rd. JPMorgan Chase & Co. cut Super Micro Computer from a "neutral" rating to an "underweight" rating and cut their price objective for the stock from $50.00 to $23.00 in a report on Wednesday, November 6th. Argus lowered Super Micro Computer from a "buy" rating to a "hold" rating in a research note on Thursday, October 31st. Finally, Cfra restated a "hold" rating and issued a $45.40 price objective (down from $72.90) on shares of Super Micro Computer in a report on Wednesday, August 28th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Super Micro Computer presently has a consensus rating of "Hold" and an average target price of $66.89.
Check Out Our Latest Research Report on Super Micro Computer
The company's 50 day simple moving average is $40.61 and its 200-day simple moving average is $63.43. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. The firm has a market cap of $10.27 billion, a P/E ratio of 9.03 and a beta of 1.28.
A number of large investors have recently added to or reduced their stakes in SMCI. Envestnet Portfolio Solutions Inc. bought a new stake in shares of Super Micro Computer in the first quarter worth $383,000. Atomi Financial Group Inc. bought a new stake in shares of Super Micro Computer during the 1st quarter valued at about $230,000. Avantax Advisory Services Inc. increased its position in shares of Super Micro Computer by 15.6% during the 1st quarter. Avantax Advisory Services Inc. now owns 2,935 shares of the company's stock valued at $2,964,000 after purchasing an additional 396 shares during the last quarter. Kingsview Wealth Management LLC bought a new position in shares of Super Micro Computer in the 1st quarter worth approximately $3,638,000. Finally, HBK Sorce Advisory LLC bought a new position in shares of Super Micro Computer in the 1st quarter worth approximately $255,000. Institutional investors own 84.06% of the company's stock.
Super Micro Computer, Inc, together with its subsidiaries, develops and manufactures high performance server and storage solutions based on modular and open architecture in the United States, Europe, Asia, and internationally. Its solutions range from complete server, storage systems, modular blade servers, blades, workstations, full racks, networking devices, server sub-systems, server management software, and security software.
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