Super Micro Computer (NASDAQ:SMCI) Sees Large Volume Increase – Here’s What Happened

Super Micro Computer, Inc. (NASDAQ:SMCI) saw an uptick in trading volume on Monday . 32,764,087 shares changed hands during trading, a decline of 14% from the previous session’s volume of 38,112,133 shares.The stock last traded at $39.17 and had previously closed at $36.28.

Analyst Ratings Changes

Several research firms recently commented on SMCI. Argus lowered shares of Super Micro Computer from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Northland Capmk upgraded Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. JPMorgan Chase & Co. boosted their target price on Super Micro Computer from $23.00 to $35.00 and gave the stock an “underweight” rating in a report on Wednesday. Wedbush raised their price target on Super Micro Computer from $24.00 to $40.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, Northland Securities reiterated an “outperform” rating and issued a $57.00 price target (up previously from $54.00) on shares of Super Micro Computer in a research note on Wednesday. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Super Micro Computer currently has a consensus rating of “Hold” and an average target price of $60.20.

Super Micro Computer Stock Up 2.8 %

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 business’s 50 day moving average is $33.53 and its 200 day moving average is $40.52. The company has a market capitalization of $23.24 billion, a price-to-earnings ratio of 19.92 and a beta of 1.30.

Institutional Trading of Super Micro Computer

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

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.