Super Micro Computer (NASDAQ:SMCI) Trading Up 1% – Time to Buy?

Super Micro Computer, Inc. (NASDAQ:SMCI) shot up 1% during trading on Thursday . The company traded as high as $28.63 and last traded at $28.07. 7,242,454 shares were traded during trading, a decline of 77% from the average session volume of 31,838,777 shares. The stock had previously closed at $27.80.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. StockNews.com cut Super Micro Computer from a “hold” rating to a “sell” rating in a research report on Wednesday, October 9th. The Goldman Sachs Group dropped their target price on Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 6th. JPMorgan Chase & Co. cut Super Micro Computer from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $50.00 to $23.00 in a research note on Wednesday, November 6th. Finally, Argus cut shares of Super Micro Computer from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $62.89.

Super Micro Computer Stock Up 3.0 %

The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $16.02 billion, a price-to-earnings ratio of 14.30 and a beta of 1.31. The business has a fifty day simple moving average of $34.01 and a two-hundred day simple moving average of $43.48.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of SMCI. Salem Investment Counselors Inc. bought a new stake in shares of Super Micro Computer in the 4th quarter worth about $30,000. Trust Co. of Vermont raised its position in Super Micro Computer by 900.0% in the 4th quarter. Trust Co. of Vermont now owns 1,000 shares of the company’s stock valued at $30,000 after purchasing an additional 900 shares during the last quarter. Toth Financial Advisory Corp bought a new position in Super Micro Computer in the 4th quarter valued at $31,000. Golden State Wealth Management LLC acquired a new position in Super Micro Computer in the fourth quarter worth $34,000. Finally, Blue Trust Inc. grew its holdings in shares of Super Micro Computer by 203.2% during the fourth quarter. Blue Trust Inc. now owns 1,231 shares of the company’s stock worth $38,000 after purchasing an additional 825 shares during the last quarter. 84.06% of the stock is currently owned by institutional investors and hedge funds.

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.