Super Micro Computer (NASDAQ:SMCI) Downgraded by JPMorgan Chase & Co. to “Underweight”

JPMorgan Chase & Co. cut shares of Super Micro Computer (NASDAQ:SMCI) from a neutral rating to an underweight rating in a research report released on Wednesday morning, MarketBeat.com reports. JPMorgan Chase & Co. currently has $23.00 target price on the stock, down from their previous target price of $50.00.

Other equities analysts have also issued reports about the stock. Mizuho assumed coverage on shares of Super Micro Computer in a research report on Tuesday, September 17th. They issued a “neutral” rating and a $45.00 price objective for the company. StockNews.com cut shares of Super Micro Computer from a “hold” rating to a “sell” rating in a report on Wednesday, October 9th. Rosenblatt Securities reiterated a “buy” rating and set a $130.00 price objective on shares of Super Micro Computer in a research note on Wednesday, August 7th. Argus downgraded Super Micro Computer from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Finally, Barclays lowered their price target on Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 2nd. Three investment 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. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $66.89.

Super Micro Computer Trading Down 3.8 %

Shares of NASDAQ:SMCI opened at $24.52 on Wednesday. The business’s 50-day moving average is $41.93 and its 200 day moving average is $64.79. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. Super Micro Computer has a 1 year low of $20.20 and a 1 year high of $122.90. The firm has a market capitalization of $13.71 billion, a P/E ratio of 12.31 and a beta of 1.28.

Institutional Investors Weigh In On Super Micro Computer

Hedge funds and other institutional investors have recently made changes to their positions in the company. Farmers & Merchants Investments Inc. lifted its stake in shares of Super Micro Computer by 400.0% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 30 shares of the company’s stock valued at $25,000 after purchasing an additional 24 shares during the period. Moser Wealth Advisors LLC acquired a new position in shares of Super Micro Computer in the second quarter worth about $25,000. Hazlett Burt & Watson Inc. raised its position in shares of Super Micro Computer by 141.2% in the second quarter. Hazlett Burt & Watson Inc. now owns 41 shares of the company’s stock worth $34,000 after acquiring an additional 24 shares during the period. VitalStone Financial LLC boosted its stake in shares of Super Micro Computer by 250.0% during the 1st quarter. VitalStone Financial LLC now owns 35 shares of the company’s stock worth $35,000 after acquiring an additional 25 shares in the last quarter. Finally, AlphaCentric Advisors LLC acquired a new stake in shares of Super Micro Computer during the 2nd quarter valued at about $42,000. Institutional investors and hedge funds own 84.06% of the company’s stock.

About Super Micro Computer

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.