Super Micro Computer (NASDAQ:SMCI) Shares Gap Up – What’s Next?

Super Micro Computer, Inc. (NASDAQ:SMCI)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $42.00, but opened at $44.42. Super Micro Computer shares last traded at $43.98, with a volume of 39,715,081 shares changing hands.

Wall Street Analyst Weigh In

A number of research analysts have commented on SMCI shares. Loop Capital decreased their price target on Super Micro Computer from $150.00 to $100.00 and set a “buy” rating on the stock in a research note on Monday, September 23rd. Wedbush reaffirmed a “neutral” rating and issued a $32.00 target price (down from $62.00) on shares of Super Micro Computer in a research report on Monday, November 4th. JPMorgan Chase & Co. cut shares of Super Micro Computer from a “neutral” rating to an “underweight” rating and reduced their price target for the stock from $50.00 to $23.00 in a research report on Wednesday, November 6th. Mizuho started coverage on shares of Super Micro Computer in a report on Tuesday, September 17th. They issued a “neutral” rating and a $45.00 price objective for the company. Finally, Bank of America cut shares of Super Micro Computer from a “buy” rating to a “neutral” rating and decreased their price target for the company from $109.00 to $70.00 in a research report on Wednesday, August 7th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Super Micro Computer has a consensus rating of “Hold” and an average price target of $66.89.

Super Micro Computer Price Performance

The company has a 50 day moving average price of $37.30 and a 200 day moving average price of $59.06. 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 has a market cap of $22.89 billion, a PE ratio of 19.59 and a beta of 1.29.

Institutional Trading of Super Micro Computer

Several hedge funds have recently made changes to their positions in the company. International Assets Investment Management LLC boosted its holdings in Super Micro Computer by 63,634.1% in the 3rd quarter. International Assets Investment Management LLC now owns 916,496 shares of the company’s stock valued at $381,629,000 after purchasing an additional 915,058 shares in the last quarter. Bridgewater Associates LP boosted its stake in shares of Super Micro Computer by 921.1% during the 3rd quarter. Bridgewater Associates LP now owns 161,104 shares of the company’s stock worth $67,084,000 after acquiring an additional 145,327 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of Super Micro Computer by 1,169.5% in the 3rd quarter. Van ECK Associates Corp now owns 134,670 shares of the company’s stock worth $56,077,000 after acquiring an additional 124,062 shares during the period. American Century Companies Inc. increased its stake in Super Micro Computer by 511.9% in the 2nd quarter. American Century Companies Inc. now owns 131,855 shares of the company’s stock valued at $108,035,000 after purchasing an additional 110,308 shares in the last quarter. Finally, Inspire Investing LLC raised its holdings in Super Micro Computer by 1,730.3% during the third quarter. Inspire Investing LLC now owns 107,421 shares of the company’s stock worth $44,730,000 after purchasing an additional 101,552 shares during the last quarter. 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.