Super Micro Computer (NASDAQ:SMCI) Shares Up 1.9% – What’s Next?

Super Micro Computer, Inc. (NASDAQ:SMCI)’s share price rose 1.9% during mid-day trading on Thursday . The company traded as high as $37.14 and last traded at $35.07. Approximately 63,047,277 shares changed hands during mid-day trading, a decline of 24% from the average daily volume of 82,768,188 shares. The stock had previously closed at $34.43.

Wall Street Analyst Weigh In

SMCI has been the topic of several recent research reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $130.00 target price on shares of Super Micro Computer in a report on Wednesday, August 7th. Needham & Company LLC initiated coverage on Super Micro Computer in a report on Wednesday, September 18th. They issued a “buy” rating and a $60.00 price objective on the stock. The Goldman Sachs Group lowered their target price on Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating for the company in a research note on Wednesday, November 6th. Barclays reduced their price target on Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 2nd. Finally, Loop Capital lowered their price objective on Super Micro Computer from $150.00 to $100.00 and set a “buy” rating for the company in a research report on Monday, September 23rd. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $66.89.

Super Micro Computer Stock Up 1.9 %

The company’s fifty day simple moving average is $37.70 and its 200 day simple moving average is $59.71. 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 firm has a market capitalization of $19.62 billion, a P/E ratio of 17.61 and a beta of 1.28.

Hedge Funds Weigh In On Super Micro Computer

Institutional investors have recently bought and sold shares of the stock. International Assets Investment Management LLC boosted its position in Super Micro Computer by 63,634.1% during the 3rd quarter. International Assets Investment Management LLC now owns 916,496 shares of the company’s stock valued at $381,629,000 after acquiring an additional 915,058 shares in the last quarter. Bridgewater Associates LP boosted its position in shares of Super Micro Computer by 921.1% during the third quarter. Bridgewater Associates LP now owns 161,104 shares of the company’s stock valued at $67,084,000 after purchasing an additional 145,327 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Super Micro Computer by 1,169.5% during the third quarter. Van ECK Associates Corp now owns 134,670 shares of the company’s stock valued at $56,077,000 after purchasing an additional 124,062 shares in the last quarter. American Century Companies Inc. raised its holdings in Super Micro Computer by 511.9% in the second 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 raised its holdings in 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 in the last quarter. 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.