Super Micro Computer (NASDAQ:SMCI) Shares Gap Up – Should You Buy?

Super Micro Computer, Inc. (NASDAQ:SMCI) gapped up before the market opened on Monday . The stock had previously closed at $33.15, but opened at $36.03. Super Micro Computer shares last traded at $36.69, with a volume of 21,909,701 shares changing hands.

Analysts Set New Price Targets

SMCI has been the subject of a number of research reports. Barclays cut their target price on shares of Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 2nd. Mizuho began coverage on shares of Super Micro Computer in a report on Tuesday, September 17th. They set a “neutral” rating and a $45.00 target price on the stock. Cfra reiterated a “hold” rating and set a $45.40 price target (down from $72.90) on shares of Super Micro Computer in a research report on Wednesday, August 28th. Rosenblatt Securities restated a “buy” rating and issued a $130.00 price objective on shares of Super Micro Computer in a research report on Wednesday, August 7th. Finally, 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 research report on Wednesday, November 6th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $66.89.

Super Micro Computer Trading Down 10.4 %

The company has a market capitalization of $19.26 billion, a PE ratio of 17.28 and a beta of 1.28. 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 firm’s 50 day moving average is $37.87 and its 200 day moving average is $60.03.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SMCI. Farmers & Merchants Investments Inc. lifted its stake in Super Micro Computer by 400.0% in the second quarter. Farmers & Merchants Investments Inc. now owns 30 shares of the company’s stock worth $25,000 after acquiring an additional 24 shares during the period. Moser Wealth Advisors LLC purchased a new stake in shares of Super Micro Computer in the 2nd quarter worth about $25,000. Hazlett Burt & Watson Inc. boosted its stake in shares of Super Micro Computer by 141.2% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 41 shares of the company’s stock valued at $34,000 after purchasing an additional 24 shares in the last quarter. AlphaCentric Advisors LLC purchased a new position in shares of Super Micro Computer during the second quarter valued at about $42,000. Finally, First PREMIER Bank raised its stake 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 buying an additional 29 shares in the last quarter. Institutional investors 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.