Super Micro Computer (NASDAQ:SMCI) Trading 4.8% Higher – What’s Next?

Super Micro Computer, Inc. (NASDAQ:SMCI) shares shot up 4.8% during mid-day trading on Friday . The company traded as high as $31.52 and last traded at $31.48. 10,200,266 shares traded hands during mid-day trading, a decline of 36% from the average session volume of 15,981,947 shares. The stock had previously closed at $30.05.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on SMCI shares. Loop Capital lowered their price target on shares of Super Micro Computer from $150.00 to $100.00 and set a “buy” rating on the stock in a research report on Monday, September 23rd. JPMorgan Chase & Co. lowered shares of Super Micro Computer from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $50.00 to $23.00 in a report on Wednesday, November 6th. Needham & Company LLC initiated coverage on shares of Super Micro Computer in a report on Wednesday, September 18th. They set a “buy” rating and a $60.00 price target for the company. Northland Capmk upgraded Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. Finally, Wedbush reissued a “neutral” rating and set a $32.00 target price (down previously from $62.00) on shares of Super Micro Computer in a research note on Monday, November 4th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Super Micro Computer presently has an average rating of “Hold” and an average price target of $66.89.

Super Micro Computer Stock Performance

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’s 50 day moving average price is $32.63 and its two-hundred day moving average price is $51.15. The firm has a market capitalization of $18.02 billion, a price-to-earnings ratio of 16.17 and a beta of 1.29.

Institutional Investors Weigh In On Super Micro Computer

Large investors have recently added to or reduced their stakes in the business. Rakuten Securities Inc. increased its stake in shares of Super Micro Computer by 391.8% during the 3rd quarter. Rakuten Securities Inc. now owns 76,660 shares of the company’s stock worth $31,921,000 after purchasing an additional 61,071 shares in the last quarter. Assetmark Inc. raised its holdings in shares of Super Micro Computer by 164.8% in the third quarter. Assetmark Inc. now owns 150,333 shares of the company’s stock worth $62,599,000 after acquiring an additional 93,569 shares during the last quarter. Sanctuary Advisors LLC lifted its position in shares of Super Micro Computer by 254.7% in the third quarter. Sanctuary Advisors LLC now owns 30,634 shares of the company’s stock valued at $12,756,000 after acquiring an additional 21,997 shares in the last quarter. Bridgewater Associates LP lifted its position in shares of Super Micro Computer by 921.1% in the third quarter. Bridgewater Associates LP now owns 161,104 shares of the company’s stock valued at $67,084,000 after acquiring an additional 145,327 shares in the last quarter. Finally, Tidal Investments LLC increased its position in Super Micro Computer by 143.8% during the 3rd quarter. Tidal Investments LLC now owns 50,355 shares of the company’s stock worth $20,968,000 after purchasing an additional 29,697 shares in the last quarter. 84.06% of the stock is 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.