ThinkEquity upgraded Super Micro Computer Inc. (NASDAQ: SMCI) to buy from hold citing positive trends in data centre server growth, and the upcoming launch of Intel's Sandy Bridge DP server chip platform. The price target was raised to $25 from $17.
The shares of SMCI last traded at $16.95, up 1.80 percent, on Thursday. The company has a 52 week low of $8.52 and a 52 week high of $19.55. The company has the total market cap of $0.59 billion. The price to earning ratio of the company is 18.93 and PEG ratio is 1.22.
Established in 1993 and headquartered in San Jose, California, the company designs, develops, manufactures and sells server solutions based on the x86 architecture. Supermicro employs approximately 1,000 people worldwide and has been profitable every year since inception, generating over $2 billion in sales during its initial 17 years of operation
