Super Micro Computer (NASDAQ:SMCI) Trading 13.3% Higher – Should You Buy?

Super Micro Computer, Inc. (NASDAQ:SMCI) shares traded up 13.3% on Monday . The stock traded as high as $48.18 and last traded at $47.91. 132,026,965 shares traded hands during trading, an increase of 269% from the average session volume of 35,788,788 shares. The stock had previously closed at $42.28.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Cfra upgraded shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research report on Tuesday, February 11th. Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. The Goldman Sachs Group reduced their price target on shares of Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating for the company in a report on Wednesday, November 6th. JPMorgan Chase & Co. raised their price target on shares of Super Micro Computer from $23.00 to $35.00 and gave the stock an “underweight” rating in a report on Wednesday, February 12th. Finally, Northland Securities restated an “outperform” rating and issued a $57.00 price target (up from $54.00) on shares of Super Micro Computer in a report on Wednesday, February 12th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $60.20.

Super Micro Computer Price Performance

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 business’s fifty day moving average price is $33.59 and its 200-day moving average price is $39.97. The stock has a market capitalization of $28.05 billion, a price-to-earnings ratio of 24.05 and a beta of 1.30.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SMCI. Creative Planning raised its position in Super Micro Computer by 9.1% in the third quarter. Creative Planning now owns 9,038 shares of the company’s stock worth $3,763,000 after acquiring an additional 755 shares during the period. Vontobel Holding Ltd. raised its position in shares of Super Micro Computer by 165.4% in the third quarter. Vontobel Holding Ltd. now owns 4,568 shares of the company’s stock valued at $1,902,000 after purchasing an additional 2,847 shares during the period. TB Alternative Assets Ltd. bought a new stake in shares of Super Micro Computer in the third quarter valued at approximately $8,400,000. Wealth Effects LLC raised its position in shares of Super Micro Computer by 90.7% in the third quarter. Wealth Effects LLC now owns 515 shares of the company’s stock valued at $214,000 after purchasing an additional 245 shares during the period. Finally, Everence Capital Management Inc. raised its position in shares of Super Micro Computer by 116.3% in the third quarter. Everence Capital Management Inc. now owns 1,060 shares of the company’s stock valued at $441,000 after purchasing an additional 570 shares during the period. 84.06% of the stock is owned by institutional investors.

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.