Super Micro Computer (NASDAQ:SMCI) Trading 8.4% Higher – Should You Buy?

Super Micro Computer, Inc. (NASDAQ:SMCI) shares were up 8.4% during mid-day trading on Thursday . The company traded as high as $24.64 and last traded at $24.61. Approximately 26,048,389 shares traded hands during mid-day trading, a decline of 68% from the average daily volume of 80,690,367 shares. The stock had previously closed at $22.70.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SMCI. Loop Capital reduced their price objective on Super Micro Computer from $150.00 to $100.00 and set a “buy” rating for the company in a research note on Monday, September 23rd. Cfra reiterated a “hold” rating and issued a $45.40 price objective (down previously from $72.90) on shares of Super Micro Computer in a research note on Wednesday, August 28th. Mizuho initiated coverage on shares of Super Micro Computer in a report on Tuesday, September 17th. They set a “neutral” rating and a $45.00 price target on the stock. Argus lowered Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Finally, Nomura Securities cut Super Micro Computer from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 10th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $66.89.

Super Micro Computer Trading Up 12.0 %

The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $14.22 billion, a price-to-earnings ratio of 12.37 and a beta of 1.28. The company has a 50-day moving average price of $43.36 and a 200-day moving average price of $65.69.

Super Micro Computer (NASDAQ:SMCI) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.14). The business had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.32 billion. Super Micro Computer had a return on equity of 30.57% and a net margin of 8.09%. The business’s quarterly revenue was up 142.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.34 earnings per share. Research analysts predict that Super Micro Computer, Inc. will post 2.85 EPS for the current fiscal year.

Institutional Trading of Super Micro Computer

Several hedge funds and other institutional investors have recently bought and sold shares of SMCI. Sequoia Financial Advisors LLC bought a new stake in shares of Super Micro Computer during the first quarter valued at approximately $283,000. Central Pacific Bank Trust Division acquired a new position in shares of Super Micro Computer in the 1st quarter valued at $227,000. Chevy Chase Trust Holdings LLC acquired a new position in shares of Super Micro Computer in the 1st quarter valued at $919,000. Larson Financial Group LLC lifted its holdings in shares of Super Micro Computer by 186.7% during the 1st quarter. Larson Financial Group LLC now owns 43 shares of the company’s stock worth $43,000 after acquiring an additional 28 shares during the period. Finally, Signaturefd LLC boosted its position in shares of Super Micro Computer by 85.0% during the 1st quarter. Signaturefd LLC now owns 851 shares of the company’s stock valued at $860,000 after acquiring an additional 391 shares in the last quarter. 84.06% of the stock is currently owned by institutional investors and hedge funds.

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.