Super Micro Computer (NASDAQ:SMCI) Trading 2.7% Higher – Still a Buy?

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) were up 2.7% during mid-day trading on Wednesday . The stock traded as high as $34.98 and last traded at $33.32. Approximately 24,207,774 shares traded hands during trading, a decline of 21% from the average daily volume of 30,785,480 shares. The stock had previously closed at $32.45.

Analysts Set New Price Targets

Several analysts have issued reports on SMCI shares. The Goldman Sachs Group dropped their price target on Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 6th. Wedbush restated a “neutral” rating and issued a $32.00 target price (down previously from $62.00) on shares of Super Micro Computer in a research note on Monday, November 4th. Barclays decreased their price target on shares of Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 2nd. Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. Finally, StockNews.com lowered shares of Super Micro Computer from a “hold” rating to a “sell” rating in a research note on Wednesday, October 9th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Super Micro Computer has a consensus rating of “Hold” and an average target price of $66.89.

Super Micro Computer Stock Performance

The stock’s 50-day simple moving average is $32.95 and its 200 day simple moving average is $45.94. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. The stock has a market capitalization of $18.93 billion, a P/E ratio of 17.04 and a beta of 1.31.

Institutional Trading of Super Micro Computer

Hedge funds have recently added to or reduced their stakes in the company. Kathmere Capital Management LLC lifted its stake in Super Micro Computer by 5.0% in the 2nd quarter. Kathmere Capital Management LLC now owns 379 shares of the company’s stock valued at $311,000 after purchasing an additional 18 shares during the last quarter. Mount Yale Investment Advisors LLC increased its holdings in shares of Super Micro Computer by 7.0% during the second quarter. Mount Yale Investment Advisors LLC now owns 428 shares of the company’s stock worth $351,000 after buying an additional 28 shares in the last quarter. Resources Management Corp CT ADV lifted its stake in shares of Super Micro Computer by 100.0% in the 2nd quarter. Resources Management Corp CT ADV now owns 60 shares of the company’s stock valued at $49,000 after acquiring an additional 30 shares during the last quarter. Anchor Investment Management LLC boosted its holdings in shares of Super Micro Computer by 13.7% during the 2nd quarter. Anchor Investment Management LLC now owns 324 shares of the company’s stock valued at $265,000 after acquiring an additional 39 shares in the last quarter. Finally, Clear Point Advisors Inc. grew its position in Super Micro Computer by 471.4% during the 2nd quarter. Clear Point Advisors Inc. now owns 80 shares of the company’s stock worth $66,000 after acquiring an additional 66 shares during the last quarter. 84.06% of the stock is owned by institutional investors and hedge funds.

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.