Super Micro Computer (NASDAQ:SMCI) Trading 13.3% Higher – Should You Buy?

Super Micro Computer, Inc. (NASDAQ:SMCI) was up 13.3% during mid-day trading on Monday . The stock traded as high as $48.18 and last traded at $47.91. Approximately 132,026,965 shares were traded during mid-day trading, an increase of 269% from the average daily volume of 35,788,788 shares. The stock had previously closed at $42.28.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Northland Capmk raised shares of Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. The Goldman Sachs Group reduced their price objective on shares of Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating for the company in a research note on Wednesday, November 6th. JPMorgan Chase & Co. boosted their price objective on shares of Super Micro Computer from $23.00 to $35.00 and gave the company an “underweight” rating in a research note on Wednesday, February 12th. Loop Capital boosted their price objective on shares of Super Micro Computer from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Finally, Cfra raised shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research note on Tuesday, February 11th. Three equities 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 given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $60.20.

Super Micro Computer Trading Up 13.3 %

The stock has a market capitalization of $28.05 billion, a P/E ratio of 24.05 and a beta of 1.30. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. The stock’s fifty day moving average price is $33.59 and its two-hundred day moving average price is $39.97.

Institutional Investors Weigh In On Super Micro Computer

Hedge funds have recently made changes to their positions in the business. Emerald Mutual Fund Advisers Trust bought a new stake in shares of Super Micro Computer in the 3rd quarter worth approximately $87,000. Miller Wealth Advisors LLC purchased a new stake in Super Micro Computer during the 3rd quarter valued at $152,000. Wealth Effects LLC boosted its position in Super Micro Computer by 90.7% during the 3rd quarter. Wealth Effects LLC now owns 515 shares of the company’s stock valued at $214,000 after buying an additional 245 shares during the period. Archer Investment Corp boosted its position in Super Micro Computer by 364.2% during the 3rd quarter. Archer Investment Corp now owns 571 shares of the company’s stock valued at $238,000 after buying an additional 448 shares during the period. Finally, TrueWealth Advisors LLC boosted its position in Super Micro Computer by 99.0% during the 3rd quarter. TrueWealth Advisors LLC now owns 593 shares of the company’s stock valued at $247,000 after buying an additional 295 shares during the period. 84.06% of the stock is currently owned by 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.