Super Micro Computer (NASDAQ:SMCI) Trading 5.6% Higher – Still a Buy?

Super Micro Computer, Inc. (NASDAQ:SMCI)’s stock price was up 5.6% on Thursday . The stock traded as high as $28.11 and last traded at $27.24. Approximately 35,256,285 shares were traded during mid-day trading, a decline of 57% from the average daily volume of 81,707,195 shares. The stock had previously closed at $25.80.

Analyst Ratings Changes

Several equities analysts recently weighed in on SMCI shares. Needham & Company LLC started coverage on shares of Super Micro Computer in a report on Wednesday, September 18th. They issued a “buy” rating and a $60.00 price target on the stock. Wedbush reiterated a “neutral” rating and issued a $32.00 price target (down previously from $62.00) on shares of Super Micro Computer in a report on Monday, November 4th. Barclays lowered their price objective on Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 2nd. Wells Fargo & Company lowered their price objective on Super Micro Computer from $65.00 to $37.50 and set an “equal weight” rating on the stock in a research report on Wednesday, August 28th. Finally, Argus lowered Super Micro Computer from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Super Micro Computer presently has a consensus rating of “Hold” and a consensus target price of $66.89.

Super Micro Computer Stock Performance

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 firm’s 50 day simple moving average is $38.76 and its 200-day simple moving average is $61.38. The company has a market cap of $16.58 billion, a price-to-earnings ratio of 13.67 and a beta of 1.28.

Institutional Investors Weigh In On Super Micro Computer

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Invst LLC increased its holdings in Super Micro Computer by 4.3% in the 1st quarter. Invst LLC now owns 337 shares of the company’s stock valued at $350,000 after purchasing an additional 14 shares during the last quarter. Byrne Asset Management LLC increased its holdings in Super Micro Computer by 10.4% in the 2nd quarter. Byrne Asset Management LLC now owns 148 shares of the company’s stock valued at $132,000 after purchasing an additional 14 shares during the last quarter. Versant Capital Management Inc increased its holdings in Super Micro Computer by 30.0% in the 2nd quarter. Versant Capital Management Inc now owns 65 shares of the company’s stock valued at $53,000 after purchasing an additional 15 shares during the last quarter. Fielder Capital Group LLC grew its stake in shares of Super Micro Computer by 2.8% in the second quarter. Fielder Capital Group LLC now owns 580 shares of the company’s stock worth $475,000 after acquiring an additional 16 shares in the last quarter. Finally, Kathmere Capital Management LLC grew its stake in shares of Super Micro Computer by 5.0% in the second quarter. Kathmere Capital Management LLC now owns 379 shares of the company’s stock worth $311,000 after acquiring an additional 18 shares in the last quarter. Institutional investors and hedge funds 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.