Super Micro Computer (NASDAQ:SMCI) Shares Gap Up – Should You Buy?

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) gapped up before the market opened on Tuesday . The stock had previously closed at $47.91, but opened at $51.00. Super Micro Computer shares last traded at $54.95, with a volume of 46,346,488 shares traded.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Loop Capital upped their price objective on Super Micro Computer from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Northland Securities restated an “outperform” rating and set a $57.00 price objective (up from $54.00) on shares of Super Micro Computer in a research report on Wednesday, February 12th. Argus downgraded Super Micro Computer from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. The Goldman Sachs Group dropped their price objective on Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating for the company in a research report on Wednesday, November 6th. Finally, Wedbush upped their price objective on Super Micro Computer from $24.00 to $40.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $60.20.

Super Micro Computer Stock Down 1.6 %

The firm has a 50 day moving average of $34.41 and a 200 day moving average of $39.72. The firm has a market cap of $34.71 billion, a price-to-earnings ratio of 29.75 and a beta of 1.30. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32.

Institutional Investors Weigh In On Super Micro Computer

Several large investors have recently added to or reduced their stakes in SMCI. Salem Investment Counselors Inc. acquired a new stake in Super Micro Computer during the fourth quarter worth approximately $30,000. Trust Co. of Vermont raised its holdings in shares of Super Micro Computer by 900.0% in the 4th quarter. Trust Co. of Vermont now owns 1,000 shares of the company’s stock worth $30,000 after acquiring an additional 900 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Super Micro Computer by 2,890.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 987 shares of the company’s stock worth $30,000 after acquiring an additional 954 shares during the last quarter. Larson Financial Group LLC raised its holdings in shares of Super Micro Computer by 902.0% in the 4th quarter. Larson Financial Group LLC now owns 992 shares of the company’s stock worth $30,000 after acquiring an additional 893 shares during the last quarter. Finally, Toth Financial Advisory Corp acquired a new stake in shares of Super Micro Computer in the 4th quarter worth about $31,000. Institutional investors and hedge funds 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.