Super Micro Computer (NASDAQ:SMCI) Shares Up 2% – Still a Buy?

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) shot up 2% during trading on Friday . The stock traded as high as $62.43 and last traded at $60.49. 44,271,690 shares traded hands during mid-day trading, a decline of 37% from the average session volume of 69,910,992 shares. The stock had previously closed at $59.27.

Analysts Set New Price Targets

Several equities analysts have issued reports on SMCI shares. Northland Securities reissued an “outperform” rating and issued a $57.00 price target (up from $54.00) on shares of Super Micro Computer in a research note on Wednesday, February 12th. Wedbush boosted their price target on Super Micro Computer from $24.00 to $40.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. JPMorgan Chase & Co. boosted their price target on Super Micro Computer from $23.00 to $35.00 and gave the company an “underweight” rating in a research note on Wednesday, February 12th. Cfra raised Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research report on Tuesday, February 11th. Finally, Argus lowered Super Micro Computer from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $60.20.

Super Micro Computer Price Performance

The stock has a market cap of $33.49 billion, a PE ratio of 28.80 and a beta of 1.30. 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 has a 50 day moving average price of $34.83 and a two-hundred day moving average price of $39.86.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Vermillion Wealth Management Inc. bought a new position in shares of Super Micro Computer during the 4th quarter valued at approximately $107,000. Mackenzie Financial Corp raised its holdings in shares of Super Micro Computer by 445.8% in the 4th quarter. Mackenzie Financial Corp now owns 31,660 shares of the company’s stock worth $965,000 after purchasing an additional 25,859 shares during the period. Griffith & Werner Inc. bought a new stake in shares of Super Micro Computer in the 4th quarter worth approximately $700,000. Toronto Dominion Bank raised its holdings in shares of Super Micro Computer by 835.0% in the 4th quarter. Toronto Dominion Bank now owns 181,578 shares of the company’s stock worth $5,535,000 after purchasing an additional 162,158 shares during the period. Finally, Warm Springs Advisors Inc. bought a new stake in shares of Super Micro Computer in the 4th quarter worth approximately $1,063,000. Institutional investors own 84.06% of the company’s stock.

About Super Micro Computer

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.