Super Micro Computer (NASDAQ:SMCI) Trading Up 6.7% – Should You Buy?

Super Micro Computer, Inc. (NASDAQ:SMCI) shares were up 6.7% during trading on Tuesday . The stock traded as high as $28.72 and last traded at $28.64. Approximately 14,715,649 shares were traded during trading, a decline of 55% from the average daily volume of 32,610,902 shares. The stock had previously closed at $26.85.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on SMCI shares. Loop Capital raised their target price on shares of Super Micro Computer from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Argus cut shares of Super Micro Computer from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. The Goldman Sachs Group decreased their price objective on shares of 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. Northland Capmk raised shares of Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. Finally, Wedbush reissued a “neutral” rating and issued a $32.00 price objective (down from $62.00) on shares of Super Micro Computer in a research note on Monday, November 4th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Super Micro Computer presently has a consensus rating of “Hold” and an average price target of $62.89.

Super Micro Computer Trading Up 8.0 %

The company has a market cap of $16.98 billion, a price-to-earnings ratio of 14.57 and a beta of 1.31. The business’s fifty day moving average price is $33.68 and its 200 day moving average price is $42.25. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93.

Hedge Funds Weigh In On Super Micro Computer

Several hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp lifted its holdings in Super Micro Computer by 4.3% in the third quarter. State Street Corp now owns 2,138,142 shares of the company’s stock valued at $890,322,000 after buying an additional 88,692 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Super Micro Computer by 956.6% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,317,018 shares of the company’s stock valued at $40,143,000 after buying an additional 1,192,366 shares during the period. Geode Capital Management LLC lifted its holdings in Super Micro Computer by 1.3% in the third quarter. Geode Capital Management LLC now owns 1,266,040 shares of the company’s stock valued at $529,753,000 after buying an additional 16,007 shares during the period. Disciplined Growth Investors Inc. MN lifted its holdings in Super Micro Computer by 3.1% in the third quarter. Disciplined Growth Investors Inc. MN now owns 1,043,469 shares of the company’s stock valued at $434,500,000 after buying an additional 31,064 shares during the period. Finally, Rhumbline Advisers lifted its holdings in Super Micro Computer by 897.0% in the fourth quarter. Rhumbline Advisers now owns 984,305 shares of the company’s stock valued at $30,002,000 after buying an additional 885,582 shares during the period. Institutional investors and hedge funds own 84.06% of the company’s stock.

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.