Super Micro Computer (NASDAQ:SMCI) Stock Price Up 2% – Time to Buy?

Super Micro Computer, Inc. (NASDAQ:SMCI)’s stock price shot up 2% on Friday . The company traded as high as $62.43 and last traded at $60.49. 44,271,690 shares traded hands during trading, a decline of 37% from the average session volume of 69,910,992 shares. The stock had previously closed at $59.27.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Wedbush reiterated a “hold” rating on shares of Super Micro Computer in a report on Tuesday. Argus cut Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Loop Capital reiterated a “buy” rating on shares of Super Micro Computer in a research report on Tuesday. The Goldman Sachs Group cut their price target 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. Finally, Northland Securities reaffirmed an “outperform” rating and set a $57.00 price objective (up from $54.00) on shares of Super Micro Computer in a 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 issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $60.20.

Super Micro Computer Stock Down 5.4 %

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 company has a 50-day simple moving average of $35.23 and a 200-day simple moving average of $39.82. The firm has a market cap of $32.83 billion, a PE ratio of 28.15 and a beta of 1.30.

Institutional Trading of Super Micro Computer

Several institutional investors and hedge funds have recently made changes to their positions in SMCI. Salem Investment Counselors Inc. purchased a new position in Super Micro Computer in the 4th quarter worth about $30,000. Trust Co. of Vermont grew its stake in 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 in the last quarter. Parkside Financial Bank & Trust increased its position in shares of Super Micro Computer by 2,890.9% during the fourth 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 period. Larson Financial Group LLC boosted its holdings in shares of Super Micro Computer by 902.0% in the fourth quarter. Larson Financial Group LLC now owns 992 shares of the company’s stock valued at $30,000 after purchasing an additional 893 shares during the period. Finally, Toth Financial Advisory Corp bought a new position in Super Micro Computer in the fourth quarter worth approximately $31,000. 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.