Super Micro Computer (NASDAQ:SMCI) Trading Up 2% – Still a Buy?

Super Micro Computer, Inc. (NASDAQ:SMCI)’s stock price traded up 2% during trading on Wednesday . The stock traded as high as $37.14 and last traded at $35.11. 36,266,974 shares changed hands during mid-day trading, a decline of 56% from the average session volume of 82,636,047 shares. The stock had previously closed at $34.43.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Cfra reiterated a “hold” rating and set a $45.40 price objective (down from $72.90) on shares of Super Micro Computer in a research report on Wednesday, August 28th. The Goldman Sachs Group decreased their price target on 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. Mizuho began coverage on Super Micro Computer in a report on Tuesday, September 17th. They set a “neutral” rating and a $45.00 price target on the stock. Rosenblatt Securities reiterated a “buy” rating and issued a $130.00 target price on shares of Super Micro Computer in a research report on Wednesday, August 7th. Finally, Barclays dropped their price target on shares of Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 2nd. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $66.89.

Super Micro Computer Stock Up 1.9 %

The stock has a fifty day moving average of $37.70 and a 200-day moving average of $59.71. The firm has a market capitalization of $19.62 billion, a price-to-earnings ratio of 17.61 and a beta of 1.28. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32.

Hedge Funds Weigh In On Super Micro Computer

Institutional investors have recently bought and sold shares of the stock. Synovus Financial Corp acquired a new position in shares of Super Micro Computer in the third quarter worth about $443,000. Tidal Investments LLC boosted its stake in Super Micro Computer by 143.8% in the 3rd quarter. Tidal Investments LLC now owns 50,355 shares of the company’s stock worth $20,968,000 after purchasing an additional 29,697 shares during the period. World Investment Advisors LLC grew its position in Super Micro Computer by 13,210.5% during the 3rd quarter. World Investment Advisors LLC now owns 56,969 shares of the company’s stock worth $23,722,000 after purchasing an additional 56,541 shares in the last quarter. Sanctuary Advisors LLC raised its stake in Super Micro Computer by 254.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 30,634 shares of the company’s stock valued at $12,756,000 after purchasing an additional 21,997 shares during the period. Finally, Strait & Sound Wealth Management LLC purchased a new stake in shares of Super Micro Computer in the third quarter valued at $1,143,000. Hedge funds and other institutional investors own 84.06% of the company’s stock.

About Super Micro Computer

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.