Super Micro Computer (NASDAQ:SMCI) Stock Price Up 9.3% – Time to Buy?

Super Micro Computer, Inc. (NASDAQ:SMCI) traded up 9.3% during trading on Friday . The stock traded as high as $47.33 and last traded at $46.21. 54,419,538 shares were traded during mid-day trading, an increase of 4% from the average session volume of 52,286,293 shares. The stock had previously closed at $42.28.

Analysts Set New Price Targets

A number of brokerages recently commented on SMCI. Northland Securities reiterated an “outperform” rating and issued a $57.00 price objective (up from $54.00) on shares of Super Micro Computer in a research report on Wednesday. Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. 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 for the company in a report on Wednesday, November 6th. Cfra upgraded 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, Loop Capital increased their target price on Super Micro Computer from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $60.20.

Super Micro Computer Stock Performance

The stock has a fifty day simple moving average of $33.59 and a 200-day simple moving average of $40.16. The stock has a market cap of $28.05 billion, a P/E ratio of 24.05 and a beta of 1.30. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77.

Institutional Investors Weigh In On Super Micro Computer

Several institutional investors have recently bought and sold shares of SMCI. Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Super Micro Computer in the third quarter valued at about $87,000. Wealth Effects LLC lifted its stake in Super Micro Computer by 90.7% in the third quarter. Wealth Effects LLC now owns 515 shares of the company’s stock valued at $214,000 after acquiring an additional 245 shares during the last quarter. Retirement Systems of Alabama increased its stake in shares of Super Micro Computer by 2.3% during the 3rd quarter. Retirement Systems of Alabama now owns 11,367 shares of the company’s stock worth $4,733,000 after purchasing an additional 258 shares during the last quarter. TrueWealth Advisors LLC increased its stake in shares of Super Micro Computer by 99.0% during the 3rd quarter. TrueWealth Advisors LLC now owns 593 shares of the company’s stock worth $247,000 after purchasing an additional 295 shares during the last quarter. Finally, Wahed Invest LLC lifted its stake in Super Micro Computer by 2.9% in the 4th quarter. Wahed Invest LLC now owns 12,362 shares of the company’s stock valued at $377,000 after purchasing an additional 352 shares during the last quarter. Institutional investors 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.