Super Micro Computer (NASDAQ:SMCI) Trading 1.5% Higher – Still a Buy?

Super Micro Computer, Inc. (NASDAQ:SMCI) shares rose 1.5% during trading on Thursday . The stock traded as high as $31.39 and last traded at $30.93. Approximately 8,216,695 shares traded hands during trading, a decline of 90% from the average daily volume of 82,106,219 shares. The stock had previously closed at $30.48.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. StockNews.com downgraded Super Micro Computer from a “hold” rating to a “sell” rating in a research report on Wednesday, October 9th. Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. Needham & Company LLC assumed coverage on shares of Super Micro Computer in a research note on Wednesday, September 18th. They set a “buy” rating and a $60.00 price objective on the stock. Loop Capital cut their price objective on shares of Super Micro Computer from $150.00 to $100.00 and set a “buy” rating on the stock in a report on Monday, September 23rd. Finally, Argus cut Super Micro Computer from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Super Micro Computer has an average rating of “Hold” and a consensus price target of $66.89.

Super Micro Computer Stock Down 1.0 %

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 $32.96 and its two-hundred day moving average price is $51.29. The stock has a market capitalization of $16.87 billion, a PE ratio of 15.14 and a beta of 1.29.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of SMCI. Retirement Systems of Alabama increased its holdings in Super Micro Computer by 2.3% in the 3rd quarter. Retirement Systems of Alabama now owns 11,367 shares of the company’s stock worth $4,733,000 after buying an additional 258 shares during the period. Synovus Financial Corp purchased a new stake in shares of Super Micro Computer in the 3rd quarter valued at $443,000. Tidal Investments LLC increased its stake in shares of Super Micro Computer by 143.8% in the third quarter. Tidal Investments LLC now owns 50,355 shares of the company’s stock worth $20,968,000 after acquiring an additional 29,697 shares during the period. World Investment Advisors LLC lifted its position in Super Micro Computer by 13,210.5% during the third quarter. World Investment Advisors LLC now owns 56,969 shares of the company’s stock valued at $23,722,000 after purchasing an additional 56,541 shares during the period. Finally, Sanctuary Advisors LLC lifted its position in Super Micro Computer by 254.7% during the third quarter. Sanctuary Advisors LLC now owns 30,634 shares of the company’s stock valued at $12,756,000 after purchasing an additional 21,997 shares during the period. 84.06% of the stock is owned by institutional investors and hedge funds.

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.