Super Micro Computer (NASDAQ:SMCI) Upgraded at JPMorgan Chase & Co.

Super Micro Computer (NASDAQ:SMCI) was upgraded by stock analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a research note issued on Friday, Marketbeat.com reports. The firm presently has a $45.00 price target on the stock, up from their previous price target of $35.00. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 6.76% from the stock’s current price.

A number of other equities research analysts also recently commented on the company. Loop Capital reissued a “buy” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Rosenblatt Securities assumed coverage on Super Micro Computer in a research note on Monday, March 10th. They set a “buy” rating and a $60.00 price target for the company. Northland Securities set a $70.00 price target on Super Micro Computer in a research note on Thursday, March 6th. Wedbush reaffirmed a “hold” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Finally, The Goldman Sachs Group lifted their price target on Super Micro Computer from $32.00 to $36.00 and gave the stock a “neutral” rating in a research note on Monday, February 24th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $53.29.

Super Micro Computer Price Performance

Super Micro Computer stock opened at $42.15 on Friday. Super Micro Computer has a one year low of $17.25 and a one year high of $110.61. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. The business has a fifty day moving average of $38.66 and a two-hundred day moving average of $37.88. The company has a market cap of $25.02 billion, a P/E ratio of 21.16 and a beta of 1.21.

Insider Buying and Selling

In other Super Micro Computer news, CEO Charles Liang sold 46,293 shares of Super Micro Computer stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $50.17, for a total value of $2,322,519.81. Following the completion of the sale, the chief executive officer now owns 67,403,640 shares in the company, valued at $3,381,640,618.80. The trade was a 0.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP George Kao sold 71,720 shares of Super Micro Computer stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $50.48, for a total value of $3,620,425.60. Following the completion of the sale, the senior vice president now owns 19,449 shares of the company’s stock, valued at $981,785.52. This trade represents a 78.67 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 137,473 shares of company stock worth $6,771,552. 17.60% of the stock is owned by corporate insiders.

Institutional Trading of Super Micro Computer

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Meridian Wealth Management LLC acquired a new position in shares of Super Micro Computer in the 3rd quarter valued at about $270,000. Benjamin Edwards Inc. acquired a new position in shares of Super Micro Computer in the 3rd quarter valued at about $383,000. Parkside Financial Bank & Trust lifted its stake in shares of Super Micro Computer by 2,890.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 987 shares of the company’s stock valued at $30,000 after purchasing an additional 954 shares in the last quarter. Larson Financial Group LLC lifted its stake in shares of Super Micro Computer by 902.0% in the 4th quarter. Larson Financial Group LLC now owns 992 shares of the company’s stock valued at $30,000 after purchasing an additional 893 shares in the last quarter. Finally, Salem Investment Counselors Inc. acquired a new position in shares of Super Micro Computer in the 4th quarter valued at about $30,000. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Super Micro Computer Company Profile

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.