Super Micro Computer (NASDAQ:SMCI) Trading 27.9% Higher – What’s Next?

Super Micro Computer, Inc. (NASDAQ:SMCI)’s stock price shot up 27.9% on Tuesday . The company traded as high as $28.55 and last traded at $27.54. 100,542,758 shares were traded during trading, an increase of 24% from the average session volume of 81,207,422 shares. The stock had previously closed at $21.54.

Analyst Ratings Changes

SMCI has been the topic of several analyst reports. Wells Fargo & Company decreased their target price on shares of Super Micro Computer from $65.00 to $37.50 and set an “equal weight” rating on the stock in a research note on Wednesday, August 28th. JPMorgan Chase & Co. lowered Super Micro Computer from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $50.00 to $23.00 in a research report on Wednesday, November 6th. Needham & Company LLC began coverage on Super Micro Computer in a report on Wednesday, September 18th. They set a “buy” rating and a $60.00 target price for the company. The Goldman Sachs Group lowered 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 report on Wednesday, November 6th. Finally, Argus downgraded Super Micro Computer from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Super Micro Computer presently has a consensus rating of “Hold” and an average price target of $66.89.

Super Micro Computer Trading Up 33.3 %

The stock has a market cap of $16.06 billion, a P/E ratio of 13.83 and a beta of 1.28. The stock’s 50-day moving average is $39.32 and its two-hundred day moving average is $62.09. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Farmers & Merchants Investments Inc. lifted its holdings in Super Micro Computer by 400.0% during the second quarter. Farmers & Merchants Investments Inc. now owns 30 shares of the company’s stock worth $25,000 after buying an additional 24 shares during the period. Moser Wealth Advisors LLC acquired a new stake in shares of Super Micro Computer in the 2nd quarter worth $25,000. Hazlett Burt & Watson Inc. grew its stake in Super Micro Computer by 141.2% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 41 shares of the company’s stock worth $34,000 after buying an additional 24 shares during the last quarter. AlphaCentric Advisors LLC purchased a new stake in Super Micro Computer in the second quarter valued at about $42,000. Finally, First PREMIER Bank boosted its holdings in Super Micro Computer by 126.1% in the second quarter. First PREMIER Bank now owns 52 shares of the company’s stock worth $43,000 after acquiring an additional 29 shares in the last quarter. 84.06% of the stock is currently 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.