JPMorgan Chase & Co. Has Lowered Expectations for Super Micro Computer (NASDAQ:SMCI) Stock Price

Super Micro Computer (NASDAQ:SMCI) had its price target cut by JPMorgan Chase & Co. from $45.00 to $39.00 in a research report sent to investors on Thursday morning,Benzinga reports. They currently have a neutral rating on the stock.

A number of other equities analysts have also recently commented on SMCI. Northland Capmk raised Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. Loop Capital reissued a “buy” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Cfra raised shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a report on Tuesday, February 11th. Northland Securities set a $70.00 price objective on shares of Super Micro Computer in a research note on Thursday, March 6th. Finally, The Goldman Sachs Group downgraded shares of Super Micro Computer from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $40.00 to $32.00 in a report on Monday, March 24th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $52.57.

Super Micro Computer Stock Performance

Shares of NASDAQ:SMCI opened at $31.50 on Thursday. Super Micro Computer has a 1 year low of $17.25 and a 1 year high of $101.40. The stock has a market capitalization of $18.69 billion, a price-to-earnings ratio of 15.81 and a beta of 1.22. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. The company’s 50 day simple moving average is $39.73 and its 200 day simple moving average is $36.54.

Insider Buying and Selling

In other Super Micro Computer news, Director Robert L. Blair sold 19,460 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $42.58, for a total transaction of $828,606.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP George Kao sold 71,720 shares of Super Micro Computer stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $50.48, for a total transaction 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 represents a 78.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 137,473 shares of company stock valued at $6,771,552 over the last quarter. Insiders own 17.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Salem Investment Counselors Inc. acquired a new position in shares of Super Micro Computer during the fourth quarter worth approximately $30,000. Trust Co. of Vermont grew its holdings in shares of Super Micro Computer by 900.0% during the fourth quarter. Trust Co. of Vermont now owns 1,000 shares of the company’s stock valued at $30,000 after buying an additional 900 shares during the last quarter. Parkside Financial Bank & Trust increased its position in shares of Super Micro Computer by 2,890.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 987 shares of the company’s stock worth $30,000 after acquiring an additional 954 shares in the last quarter. Larson Financial Group LLC lifted its position in 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 acquiring an additional 893 shares in the last quarter. Finally, Toth Financial Advisory Corp acquired a new position in Super Micro Computer during the 4th quarter valued at about $31,000. 84.06% of the stock is owned by institutional investors and hedge funds.

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.