Super Micro Computer (NASDAQ:SMCI) Trading Up 20.4% – Should You Buy?

Super Micro Computer, Inc. (NASDAQ:SMCI)’s stock price shot up 20.4% on Wednesday . The stock traded as high as $56.19 and last traded at $54.84. 68,888,401 shares were traded during mid-day trading, a decline of 7% from the average session volume of 73,992,875 shares. The stock had previously closed at $45.54.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Argus lowered shares of Super Micro Computer from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. The Goldman Sachs Group raised their target price on Super Micro Computer from $32.00 to $36.00 and gave the company a “neutral” rating in a report on Monday. Loop Capital reaffirmed a “buy” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. Finally, Cfra raised Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research note on Tuesday, February 11th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $60.73.

Super Micro Computer Trading Up 16.9 %

The company has a market capitalization of $31.16 billion, a P/E ratio of 26.66 and a beta of 1.30. 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 stock has a fifty day moving average of $35.82 and a 200 day moving average of $39.65.

Institutional Trading of Super Micro Computer

Institutional investors have recently added to or reduced their stakes in the company. Rakuten Securities Inc. raised its holdings in shares of Super Micro Computer by 391.8% in the 3rd quarter. Rakuten Securities Inc. now owns 76,660 shares of the company’s stock valued at $31,921,000 after purchasing an additional 61,071 shares in the last quarter. Assetmark Inc. grew its stake in Super Micro Computer by 164.8% during the 3rd quarter. Assetmark Inc. now owns 150,333 shares of the company’s stock valued at $62,599,000 after purchasing an additional 93,569 shares during the last quarter. Clear Creek Financial Management LLC acquired a new position in shares of Super Micro Computer in the 4th quarter valued at about $635,000. Nepsis Inc. acquired a new stake in shares of Super Micro Computer during the 4th quarter valued at about $13,625,000. Finally, Sanctuary Advisors LLC grew its stake in Super Micro Computer by 254.7% in the 3rd quarter. Sanctuary Advisors LLC now owns 30,634 shares of the company’s stock valued at $12,756,000 after acquiring an additional 21,997 shares during the period. 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.