Super Micro Computer (NASDAQ:SMCI) Trading Up 13.7% – Here’s Why

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) traded up 13.7% during mid-day trading on Tuesday . The stock traded as high as $55.28 and last traded at $54.47. 77,265,160 shares changed hands during trading, an increase of 39% from the average session volume of 55,597,664 shares. The stock had previously closed at $47.91.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on SMCI shares. Wedbush boosted their price objective on Super Micro Computer from $24.00 to $40.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Argus lowered Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. The Goldman Sachs Group dropped their target price on Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating for the company in a report on Wednesday, November 6th. Cfra raised shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research report on Tuesday, February 11th. Finally, Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Super Micro Computer currently has an average rating of “Hold” and a consensus price target of $60.20.

Super Micro Computer Stock Performance

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 market cap of $32.67 billion, a price-to-earnings ratio of 28.01 and a beta of 1.30. The stock has a fifty day simple moving average of $33.97 and a two-hundred day simple moving average of $39.74.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Super Micro Computer in the 3rd quarter valued at approximately $87,000. Miller Wealth Advisors LLC acquired a new stake in Super Micro Computer in the third quarter valued at approximately $152,000. Wealth Effects LLC grew its stake in shares of Super Micro Computer by 90.7% during the third quarter. Wealth Effects LLC now owns 515 shares of the company’s stock worth $214,000 after buying an additional 245 shares during the last quarter. Archer Investment Corp increased its holdings in shares of Super Micro Computer by 364.2% during the third quarter. Archer Investment Corp now owns 571 shares of the company’s stock worth $238,000 after buying an additional 448 shares in the last quarter. Finally, TrueWealth Advisors LLC lifted its stake in shares of Super Micro Computer by 99.0% in the 3rd quarter. TrueWealth Advisors LLC now owns 593 shares of the company’s stock valued at $247,000 after acquiring an additional 295 shares during the last quarter. 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.