Super Micro Computer (NASDAQ:SMCI) Stock Price Up 0.8% – Still a Buy?

Super Micro Computer, Inc. (NASDAQ:SMCI)’s share price was up 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.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SMCI. JPMorgan Chase & Co. lowered shares of Super Micro Computer from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $50.00 to $23.00 in a research note on Wednesday, November 6th. The Goldman Sachs Group decreased their price objective on shares of Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 6th. Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. Wedbush restated a “neutral” rating and set a $32.00 price objective (down previously from $62.00) on shares of Super Micro Computer in a research report on Monday, November 4th. Finally, StockNews.com downgraded shares of Super Micro Computer from a “hold” rating to a “sell” rating in a report on Wednesday, October 9th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Super Micro Computer presently has an average rating of “Hold” and a consensus target price of $66.89.

Super Micro Computer Price Performance

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 has a 50 day simple moving average of $32.46 and a two-hundred day simple moving average of $47.30. The company has a market cap of $17.44 billion, a price-to-earnings ratio of 15.65 and a beta of 1.31.

Institutional Investors Weigh In On Super Micro Computer

Several institutional investors have recently added to or reduced their stakes in SMCI. Kathmere Capital Management LLC grew its stake in Super Micro Computer by 5.0% during the 2nd quarter. Kathmere Capital Management LLC now owns 379 shares of the company’s stock worth $311,000 after buying an additional 18 shares during the last quarter. Mount Yale Investment Advisors LLC grew its position in shares of Super Micro Computer by 7.0% during the second quarter. Mount Yale Investment Advisors LLC now owns 428 shares of the company’s stock worth $351,000 after acquiring an additional 28 shares during the last quarter. Steel Grove Capital Advisors LLC increased its holdings in shares of Super Micro Computer by 3.9% in the 2nd quarter. Steel Grove Capital Advisors LLC now owns 790 shares of the company’s stock valued at $647,000 after acquiring an additional 30 shares during the period. Resources Management Corp CT ADV boosted its stake in Super Micro Computer by 100.0% during the 2nd quarter. Resources Management Corp CT ADV now owns 60 shares of the company’s stock worth $49,000 after purchasing an additional 30 shares during the period. Finally, Harmony Asset Management LLC increased its stake in Super Micro Computer by 0.6% in the second quarter. Harmony Asset Management LLC now owns 6,187 shares of the company’s stock valued at $5,069,000 after purchasing an additional 39 shares during the period. Hedge funds and other 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.