Super Micro Computer (NASDAQ:SMCI) Shares Up 6% – What’s Next?

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) shot up 6% during trading on Wednesday . The stock traded as high as $60.40 and last traded at $59.17. 104,691,815 shares traded hands during mid-day trading, an increase of 75% from the average session volume of 59,852,930 shares. The stock had previously closed at $55.80.

Analysts Set New Price Targets

Several research firms have recently commented on SMCI. The Goldman Sachs Group dropped their price objective on shares of Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating on the stock in a report on Wednesday, November 6th. Loop Capital upped their price objective on shares of Super Micro Computer from $40.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Wedbush upped their price objective on shares of Super Micro Computer from $24.00 to $40.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Cfra raised shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a report on Tuesday, February 11th. Finally, JPMorgan Chase & Co. increased their price target on shares of Super Micro Computer from $23.00 to $35.00 and gave the stock an “underweight” rating in a report on Wednesday, February 12th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Super Micro Computer has a consensus rating of “Hold” and an average target price of $60.20.

Super Micro Computer Trading Up 15.9 %

The company’s 50 day moving average price is $33.97 and its 200 day moving average price is $39.74. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. The firm has a market cap of $37.86 billion, a PE ratio of 32.40 and a beta of 1.30.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. CTC Alternative Strategies Ltd. purchased a new position in shares of Super Micro Computer in the fourth quarter valued at approximately $799,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Super Micro Computer during the fourth quarter worth $5,374,000. GTS Securities LLC lifted its holdings in shares of Super Micro Computer by 121.4% during the fourth quarter. GTS Securities LLC now owns 15,934 shares of the company’s stock worth $486,000 after purchasing an additional 90,303 shares during the period. Fourth Dimension Wealth LLC acquired a new stake in shares of Super Micro Computer during the fourth quarter worth $42,000. Finally, Delta Investment Management LLC lifted its holdings in shares of Super Micro Computer by 979.4% during the fourth quarter. Delta Investment Management LLC now owns 11,064 shares of the company’s stock worth $337,000 after purchasing an additional 10,039 shares during the period. Hedge funds and other 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.