Super Micro Computer (NASDAQ:SMCI) Shares Gap Up – Time to Buy?

Super Micro Computer, Inc. (NASDAQ:SMCI)’s share price gapped up before the market opened on Monday . The stock had previously closed at $33.15, but opened at $36.03. Super Micro Computer shares last traded at $36.69, with a volume of 21,909,701 shares traded.

Analyst Ratings Changes

A number of analysts recently commented on SMCI shares. Needham & Company LLC started coverage on Super Micro Computer in a research report on Wednesday, September 18th. They set a “buy” rating and a $60.00 price objective for the company. Wells Fargo & Company dropped their price objective on Super Micro Computer from $65.00 to $37.50 and set an “equal weight” rating for the company in a research report on Wednesday, August 28th. Barclays lowered their price target on Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating for the company in a report on Wednesday, October 2nd. Rosenblatt Securities restated a “buy” rating and issued a $130.00 price target on shares of Super Micro Computer in a report on Wednesday, August 7th. Finally, Mizuho initiated coverage on Super Micro Computer in a report on Tuesday, September 17th. They issued a “neutral” rating and a $45.00 price target for the company. Three equities 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. According to MarketBeat, Super Micro Computer currently has an average rating of “Hold” and an average price target of $66.89.

Super Micro Computer Stock Up 11.4 %

The firm has a 50-day moving average of $38.23 and a 200 day moving average of $60.66. The stock has a market capitalization of $20.66 billion, a price-to-earnings ratio of 19.25 and a beta of 1.28. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32.

Hedge Funds Weigh In On Super Micro Computer

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. World Investment Advisors LLC raised its position in shares of Super Micro Computer by 13,210.5% in the 3rd quarter. World Investment Advisors LLC now owns 56,969 shares of the company’s stock valued at $23,722,000 after purchasing an additional 56,541 shares in the last quarter. Sanctuary Advisors LLC raised its position in shares of Super Micro Computer by 254.7% in the 3rd quarter. Sanctuary Advisors LLC now owns 30,634 shares of the company’s stock valued at $12,756,000 after purchasing an additional 21,997 shares in the last quarter. Strait & Sound Wealth Management LLC acquired a new position in shares of Super Micro Computer in the 3rd quarter valued at approximately $1,143,000. Geode Capital Management LLC raised its position in shares of Super Micro Computer by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,266,040 shares of the company’s stock valued at $529,753,000 after purchasing an additional 16,007 shares in the last quarter. Finally, Disciplined Growth Investors Inc. MN raised its position in shares of Super Micro Computer by 3.1% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 1,043,469 shares of the company’s stock valued at $434,500,000 after purchasing an additional 31,064 shares in the last quarter. 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.