Super Micro Computer (NASDAQ:SMCI) Trading Up 1.4% – What’s Next?

Super Micro Computer, Inc. (NASDAQ:SMCI) shares were up 1.4% during mid-day trading on Friday . The stock traded as high as $34.08 and last traded at $33.08. Approximately 14,119,937 shares traded hands during mid-day trading, a decline of 55% from the average daily volume of 31,184,721 shares. The stock had previously closed at $32.61.

Wall Street Analyst Weigh In

SMCI has been the topic of several research analyst reports. The Goldman Sachs Group decreased their target price on Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating on the stock in a report on Wednesday, November 6th. Barclays lowered their price objective on shares of Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 2nd. Loop Capital reduced their target price on shares of Super Micro Computer from $150.00 to $100.00 and set a “buy” rating on the stock in a research report on Monday, September 23rd. Wedbush reissued a “neutral” rating and issued a $32.00 price target (down previously from $62.00) on shares of Super Micro Computer in a report on Monday, November 4th. Finally, Northland Capmk raised Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $66.89.

Super Micro Computer Stock Performance

The stock has a market cap of $18.58 billion, a price-to-earnings ratio of 16.68 and a beta of 1.31. 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 stock’s fifty day moving average is $31.89 and its 200-day moving average is $49.15.

Institutional Investors Weigh In On Super Micro Computer

Several large investors have recently modified their holdings of the business. State Street Corp increased its stake in Super Micro Computer by 4.3% during the 3rd quarter. State Street Corp now owns 2,138,142 shares of the company’s stock worth $890,322,000 after purchasing an additional 88,692 shares in the last quarter. Geode Capital Management LLC raised its stake 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 purchasing an additional 16,007 shares during the period. Disciplined Growth Investors Inc. MN raised its stake in shares of Super Micro Computer by 3.1% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 1,043,469 shares of the company’s stock valued at $434,500,000 after purchasing an additional 31,064 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of Super Micro Computer by 63,634.1% in the third quarter. International Assets Investment Management LLC now owns 916,496 shares of the company’s stock valued at $381,629,000 after purchasing an additional 915,058 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Super Micro Computer by 0.6% during the second quarter. Dimensional Fund Advisors LP now owns 345,830 shares of the company’s stock worth $283,609,000 after buying an additional 2,011 shares during the period. 84.06% of the stock is currently owned by institutional investors.

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.