Super Micro Computer (NASDAQ:SMCI) Sees Strong Trading Volume – Time to Buy?

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) saw unusually-strong trading volume on Tuesday . Approximately 53,875,777 shares changed hands during mid-day trading, a decline of 33% from the previous session’s volume of 80,999,086 shares.The stock last traded at $26.84 and had previously closed at $21.54.

Wall Street Analyst Weigh In

SMCI has been the subject of several research reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $130.00 price target on shares of Super Micro Computer in a research note on Wednesday, August 7th. Cfra reaffirmed a “hold” rating and issued a $45.40 target price (down previously from $72.90) on shares of Super Micro Computer in a research report on Wednesday, August 28th. Barclays decreased their price objective on Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating for the company in a report on Wednesday, October 2nd. The Goldman Sachs Group dropped 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. Finally, StockNews.com lowered Super Micro Computer from a “hold” rating to a “sell” rating in a research report on Wednesday, October 9th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $66.89.

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 firm has a market capitalization of $15.78 billion, a price-to-earnings ratio of 13.83 and a beta of 1.28. The company has a fifty day moving average of $39.32 and a two-hundred day moving average of $62.09.

Hedge Funds Weigh In On Super Micro Computer

Hedge funds have recently bought and sold shares of the business. International Assets Investment Management LLC increased its holdings in shares of Super Micro Computer by 63,634.1% during the third quarter. International Assets Investment Management LLC now owns 916,496 shares of the company’s stock worth $381,629,000 after purchasing an additional 915,058 shares during the period. Bridgewater Associates LP raised its holdings in Super Micro Computer by 921.1% in the 3rd quarter. Bridgewater Associates LP now owns 161,104 shares of the company’s stock valued at $67,084,000 after acquiring an additional 145,327 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Super Micro Computer by 1,169.5% during the 3rd quarter. Van ECK Associates Corp now owns 134,670 shares of the company’s stock valued at $56,077,000 after acquiring an additional 124,062 shares during the period. American Century Companies Inc. grew its holdings in shares of Super Micro Computer by 511.9% during the 2nd quarter. American Century Companies Inc. now owns 131,855 shares of the company’s stock worth $108,035,000 after purchasing an additional 110,308 shares in the last quarter. Finally, Inspire Investing LLC increased its position in shares of Super Micro Computer by 1,730.3% in the third quarter. Inspire Investing LLC now owns 107,421 shares of the company’s stock worth $44,730,000 after purchasing an additional 101,552 shares during the period. 84.06% of the stock is 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.