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

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) traded up 27.9% during trading on Tuesday . The stock traded as high as $28.55 and last traded at $27.54. 100,542,758 shares changed hands 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 Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Wedbush reiterated a “neutral” rating and issued a $32.00 price target (down previously from $62.00) on shares of Super Micro Computer in a research note on Monday, November 4th. Argus cut Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Mizuho started coverage on shares of Super Micro Computer in a report on Tuesday, September 17th. They set a “neutral” rating and a $45.00 price objective 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 on the stock in a report on Wednesday, November 6th. Finally, StockNews.com downgraded shares of Super Micro Computer from a “hold” rating to a “sell” rating in a report on Wednesday, October 9th. Three equities research 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 company has an average rating of “Hold” and an average target price of $66.89.

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 firm has a fifty day moving average of $38.76 and a two-hundred day moving average of $61.38. The stock has a market capitalization of $14.43 billion, a P/E ratio of 12.95 and a beta of 1.28.

Institutional Trading of Super Micro Computer

A number of hedge funds have recently bought and sold shares of the stock. Farmers & Merchants Investments Inc. lifted its stake in shares of Super Micro Computer by 400.0% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 30 shares of the company’s stock worth $25,000 after purchasing an additional 24 shares during the last quarter. Moser Wealth Advisors LLC bought a new stake in shares of Super Micro Computer in the 2nd quarter valued at about $25,000. Hazlett Burt & Watson Inc. grew its position in shares of Super Micro Computer by 141.2% in 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 bought a new position in shares of Super Micro Computer during the 2nd quarter worth approximately $42,000. Finally, First PREMIER Bank lifted its position in Super Micro Computer by 126.1% during the second quarter. First PREMIER Bank now owns 52 shares of the company’s stock valued at $43,000 after acquiring an additional 29 shares during the last quarter. Hedge funds and other 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.