Super Micro Computer (NASDAQ:SMCI) Shares Up 4.2% – Should You Buy?

Super Micro Computer, Inc. (NASDAQ:SMCI)’s share price was up 4.2% on Tuesday . The stock traded as high as $35.37 and last traded at $34.85. Approximately 20,529,174 shares traded hands during trading, a decline of 75% from the average daily volume of 83,563,063 shares. The stock had previously closed at $33.44.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on SMCI shares. Loop Capital cut their target price on shares of Super Micro Computer from $150.00 to $100.00 and set a “buy” rating for the company in a research note on Monday, September 23rd. StockNews.com lowered Super Micro Computer from a “hold” rating to a “sell” rating in a research note on Wednesday, October 9th. Mizuho began coverage on Super Micro Computer in a research note on Tuesday, September 17th. They set a “neutral” rating and a $45.00 target price for the company. JPMorgan Chase & Co. cut Super Micro Computer from a “neutral” rating to an “underweight” rating and dropped their price target for the company from $50.00 to $23.00 in a research note on Wednesday, November 6th. Finally, Cfra restated a “hold” rating and set a $45.40 target price (down previously from $72.90) on shares of Super Micro Computer in a research note on Wednesday, August 28th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Super Micro Computer has an average rating of “Hold” and an average target price of $66.89.

Super Micro Computer Stock Up 0.2 %

The stock’s fifty day simple moving average is $36.51 and its two-hundred day simple moving average is $55.29. The stock has a market capitalization of $18.75 billion, a P/E ratio of 17.50 and a beta of 1.29. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77.

Institutional Investors Weigh In On Super Micro Computer

Institutional investors and hedge funds have recently made changes to their positions in the stock. Byrne Asset Management LLC increased its position in Super Micro Computer by 10.4% during 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 period. Fielder Capital Group LLC lifted its holdings in Super Micro Computer by 2.8% in the second quarter. Fielder Capital Group LLC now owns 580 shares of the company’s stock valued at $475,000 after buying an additional 16 shares during the period. Kathmere Capital Management LLC boosted its position in Super Micro Computer by 5.0% during the second quarter. Kathmere Capital Management LLC now owns 379 shares of the company’s stock valued at $311,000 after acquiring an additional 18 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its position in Super Micro Computer by 0.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 4,322 shares of the company’s stock valued at $3,541,000 after acquiring an additional 19 shares during the last quarter. Finally, First Horizon Advisors Inc. raised its position in shares of Super Micro Computer by 10.6% in the 2nd quarter. First Horizon Advisors Inc. now owns 219 shares of the company’s stock worth $179,000 after acquiring an additional 21 shares in the last quarter. Institutional investors and hedge funds 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.