Super Micro Computer (NASDAQ:SMCI) Trading Up 6.1% – Should You Buy?

Super Micro Computer, Inc. (NASDAQ:SMCI) shot up 6.1% during trading on Friday . The stock traded as high as $30.09 and last traded at $30.40. 14,622,709 shares changed hands during mid-day trading, a decline of 54% from the average session volume of 31,633,107 shares. The stock had previously closed at $28.64.

Analysts Set New Price Targets

Several research analysts have weighed in on SMCI shares. Argus lowered shares of Super Micro Computer from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. downgraded Super Micro Computer from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $50.00 to $23.00 in a research note on Wednesday, November 6th. StockNews.com cut Super Micro Computer from a “hold” rating to a “sell” rating in a research report on Wednesday, October 9th. Northland Capmk upgraded Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. Finally, The Goldman Sachs Group cut their target price 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. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $62.89.

Super Micro Computer Trading Up 1.4 %

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 firm has a market capitalization of $16.24 billion, a P/E ratio of 14.55 and a beta of 1.31. The firm has a 50 day moving average price of $34.00 and a two-hundred day moving average price of $43.38.

Institutional Investors Weigh In On Super Micro Computer

A number of hedge funds and other institutional investors have recently made changes to their positions in SMCI. Salem Investment Counselors Inc. acquired a new position in Super Micro Computer in the fourth quarter worth approximately $30,000. Trust Co. of Vermont raised its holdings in Super Micro Computer by 900.0% during the fourth quarter. Trust Co. of Vermont now owns 1,000 shares of the company’s stock valued at $30,000 after buying an additional 900 shares in the last quarter. Toth Financial Advisory Corp acquired a new stake in shares of Super Micro Computer in the fourth quarter worth about $31,000. Golden State Wealth Management LLC bought a new stake in shares of Super Micro Computer during the 4th quarter worth about $34,000. Finally, Blue Trust Inc. increased its holdings in shares of Super Micro Computer by 203.2% during the 4th quarter. Blue Trust Inc. now owns 1,231 shares of the company’s stock valued at $38,000 after acquiring an additional 825 shares during the last quarter. 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.