Super Micro Computer, Inc. (SMCI) Coverage Initiated by Analysts at Wells Fargo & Company

Equities researchers at Wells Fargo & Company assumed coverage on shares of Super Micro Computer, Inc. (NASDAQ:SMCI) in a research report issued to clients and investors on Tuesday. The firm set a “market perform” rating on the technology company’s stock.

A number of other equities analysts have also recently issued reports on the stock. Maxim Group reiterated a “buy” rating and issued a $45.00 price target on shares of Super Micro Computer in a research note on Friday, October 27th. Citigroup Inc. dropped their price target on shares of Super Micro Computer from $31.00 to $23.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 19th. TheStreet cut shares of Super Micro Computer from a “b-” rating to a “c” rating in a research note on Tuesday, October 10th. Zacks Investment Research cut shares of Super Micro Computer from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 5th. Finally, Susquehanna Bancshares Inc reiterated a “positive” rating and issued a $31.00 price target (down previously from $33.00) on shares of Super Micro Computer in a research note on Sunday, July 23rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. Super Micro Computer has a consensus rating of “Hold” and an average price target of $29.29.

Shares of Super Micro Computer (SMCI) traded down $0.05 during trading on Tuesday, reaching $19.95. 697,700 shares of the company were exchanged, compared to its average volume of 442,018. The company has a market cap of $968.99, a PE ratio of 14.93, a price-to-earnings-growth ratio of 1.14 and a beta of -0.12. Super Micro Computer has a 52 week low of $17.70 and a 52 week high of $31.75. The company has a current ratio of 2.34, a quick ratio of 1.15 and a debt-to-equity ratio of 0.12.

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In other Super Micro Computer news, Director Hwei-Ming Fred Tsai sold 5,000 shares of the company’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $27.10, for a total transaction of $135,500.00. Following the transaction, the director now owns 245,000 shares in the company, valued at approximately $6,639,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 24.00% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Royce & Associates LP lifted its stake in Super Micro Computer by 68.5% during the 3rd quarter. Royce & Associates LP now owns 1,242,195 shares of the technology company’s stock valued at $27,453,000 after acquiring an additional 504,903 shares during the period. Dimensional Fund Advisors LP lifted its stake in Super Micro Computer by 4.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,468,926 shares of the technology company’s stock valued at $76,663,000 after acquiring an additional 159,049 shares during the period. Tiedemann Wealth Management LLC lifted its stake in Super Micro Computer by 29.7% during the 3rd quarter. Tiedemann Wealth Management LLC now owns 32,975 shares of the technology company’s stock valued at $161,000 after acquiring an additional 7,550 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in Super Micro Computer by 7.0% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 267,785 shares of the technology company’s stock valued at $5,919,000 after acquiring an additional 17,564 shares during the period. Finally, Tieton Capital Management LLC lifted its stake in Super Micro Computer by 36.7% during the 3rd quarter. Tieton Capital Management LLC now owns 228,815 shares of the technology company’s stock valued at $5,057,000 after acquiring an additional 61,440 shares during the period. Institutional investors and hedge funds own 76.95% of the company’s stock.

Super Micro Computer Company Profile

Super Micro Computer, Inc is engaged in developing and providing end-to-end green computing solutions to the cloud computing, data center, enterprise information technology (IT), big data, high performance computing (HPC) and Internet of Things (IoT)/embedded markets. The Company’s solutions range from server, storage, blade and workstations to full racks, networking devices, server management software and technology support and services.

Analyst Recommendations for Super Micro Computer (NASDAQ:SMCI)

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