Short Interest in Super Micro Computer, Inc. (NASDAQ:SMCI) Decreases By 13.8%

Super Micro Computer, Inc. (NASDAQ:SMCI) saw a large decline in short interest in December. As of December 31st, there was short interest totalling 78,960,000 shares, a decline of 13.8% from the December 15th total of 91,570,000 shares. Based on an average daily volume of 76,450,000 shares, the short-interest ratio is presently 1.0 days.

Super Micro Computer Stock Down 1.0 %

Super Micro Computer stock traded down $0.30 during midday trading on Friday, reaching $30.82. The stock had a trading volume of 24,271,941 shares, compared to its average volume of 36,148,280. Super Micro Computer has a 1-year low of $17.25 and a 1-year high of $122.90. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. The firm’s fifty day simple moving average is $32.59 and its 200-day simple moving average is $47.18. The stock has a market capitalization of $17.24 billion, a P/E ratio of 15.47 and a beta of 1.31.

Institutional Trading of Super Micro Computer

A number of institutional investors have recently made changes to their positions in SMCI. State Street Corp grew its position in Super Micro Computer by 4.3% in the third quarter. State Street Corp now owns 2,138,142 shares of the company’s stock valued at $890,322,000 after purchasing an additional 88,692 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Super Micro Computer by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,266,040 shares of the company’s stock valued at $529,753,000 after acquiring an additional 16,007 shares in the last quarter. Disciplined Growth Investors Inc. MN raised its holdings in Super Micro Computer by 3.1% during the third quarter. Disciplined Growth Investors Inc. MN now owns 1,043,469 shares of the company’s stock worth $434,500,000 after acquiring an additional 31,064 shares in the last quarter. International Assets Investment Management LLC raised its holdings in Super Micro Computer by 63,634.1% during the third quarter. International Assets Investment Management LLC now owns 916,496 shares of the company’s stock worth $381,629,000 after acquiring an additional 915,058 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Super Micro Computer by 0.6% during the second quarter. Dimensional Fund Advisors LP now owns 345,830 shares of the company’s stock valued at $283,609,000 after purchasing an additional 2,011 shares during the last quarter. Institutional investors own 84.06% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on SMCI. The Goldman Sachs Group cut 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 research note on Wednesday, November 6th. 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 Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. JPMorgan Chase & Co. cut Super Micro Computer from a “neutral” rating to an “underweight” rating and cut their price target for the company from $50.00 to $23.00 in a report on Wednesday, November 6th. Finally, Wedbush reissued a “neutral” rating and set a $32.00 price objective (down previously from $62.00) on shares of Super Micro Computer in a report on Monday, November 4th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $66.89.

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.