Super Micro Computer (NASDAQ:SMCI) Shares Up 1.6% – What’s Next?

Super Micro Computer, Inc. (NASDAQ:SMCI) shares shot up 1.6% on Wednesday . The stock traded as high as $31.71 and last traded at $31.03. 11,130,289 shares changed hands during mid-day trading, a decline of 63% from the average session volume of 29,989,000 shares. The stock had previously closed at $30.53.

Analyst Ratings Changes

SMCI has been the topic of a number of research reports. JPMorgan Chase & Co. cut Super Micro Computer from a “neutral” rating to an “underweight” rating and lowered their price objective for the company from $50.00 to $23.00 in a research note on Wednesday, November 6th. Argus downgraded shares of Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. The Goldman Sachs Group lowered their target price 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. StockNews.com lowered Super Micro Computer from a “hold” rating to a “sell” rating in a report on Wednesday, October 9th. Finally, Loop Capital decreased their price objective on Super Micro Computer from $150.00 to $100.00 and set a “buy” rating on the stock in a research note on Monday, September 23rd. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Super Micro Computer currently has an average rating of “Hold” and an average target price of $66.89.

Super Micro Computer Stock Down 1.0 %

The stock’s fifty day moving average price is $32.46 and its 200 day moving average price is $47.30. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. The stock has a market cap of $17.24 billion, a P/E ratio of 15.47 and a beta of 1.31.

Institutional Investors Weigh In On Super Micro Computer

Large investors have recently added to or reduced their stakes in the company. Kathmere Capital Management LLC increased its position in shares of Super Micro Computer by 5.0% during the 2nd quarter. Kathmere Capital Management LLC now owns 379 shares of the company’s stock valued at $311,000 after purchasing an additional 18 shares during the last quarter. Mount Yale Investment Advisors LLC lifted its holdings in shares of Super Micro Computer by 7.0% in the 2nd quarter. Mount Yale Investment Advisors LLC now owns 428 shares of the company’s stock worth $351,000 after acquiring an additional 28 shares during the last quarter. Steel Grove Capital Advisors LLC boosted its stake in shares of Super Micro Computer by 3.9% in the 2nd quarter. Steel Grove Capital Advisors LLC now owns 790 shares of the company’s stock valued at $647,000 after purchasing an additional 30 shares in the last quarter. Resources Management Corp CT ADV grew its holdings in shares of Super Micro Computer by 100.0% during the 2nd quarter. Resources Management Corp CT ADV now owns 60 shares of the company’s stock valued at $49,000 after purchasing an additional 30 shares during the last quarter. Finally, Harmony Asset Management LLC raised its position in Super Micro Computer by 0.6% in the 2nd quarter. Harmony Asset Management LLC now owns 6,187 shares of the company’s stock worth $5,069,000 after purchasing an additional 39 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.