Super Micro Computer (NASDAQ:SMCI) Trading Up 0.8% – Here’s Why

Super Micro Computer, Inc. (NASDAQ:SMCI) rose 0.8% during mid-day trading on Friday . The company traded as high as $31.83 and last traded at $31.37. Approximately 10,154,762 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 29,203,189 shares. The stock had previously closed at $31.12.

Analyst Ratings Changes

Several research analysts have recently commented on SMCI shares. Argus lowered shares of Super Micro Computer from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Northland Capmk upgraded Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. StockNews.com downgraded Super Micro Computer from a “hold” rating to a “sell” rating in a research note on Wednesday, October 9th. Barclays reduced their target price 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. Finally, Loop Capital lowered their price target on Super Micro Computer from $150.00 to $100.00 and set a “buy” rating on the stock in a report on Monday, September 23rd. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $66.89.

Super Micro Computer Price Performance

The stock has a market cap of $17.24 billion, a price-to-earnings ratio of 15.47 and a beta of 1.31. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. The stock’s 50 day simple moving average is $32.59 and its two-hundred day simple moving average is $47.18.

Institutional Trading of Super Micro Computer

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Salem Investment Counselors Inc. acquired a new stake in Super Micro Computer during the fourth quarter valued at approximately $30,000. Trust Co. of Vermont lifted its position in shares of Super Micro Computer by 900.0% during the 4th quarter. Trust Co. of Vermont now owns 1,000 shares of the company’s stock worth $30,000 after buying an additional 900 shares during the period. Kieckhefer Group LLC acquired a new stake in Super Micro Computer in the 4th quarter valued at $43,000. Clean Yield Group bought a new stake in Super Micro Computer in the fourth quarter valued at $46,000. Finally, Resources Management Corp CT ADV raised its stake in Super Micro Computer by 100.0% during the second quarter. Resources Management Corp CT ADV now owns 60 shares of the company’s stock worth $49,000 after acquiring an additional 30 shares in the last quarter. 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.