Super Micro Computer (NASDAQ:SMCI) Trading Up 4.3% – What’s Next?

Super Micro Computer, Inc. (NASDAQ:SMCI)’s share price shot up 4.3% on Tuesday . The company traded as high as $33.49 and last traded at $32.13. 17,967,497 shares changed hands during mid-day trading, a decline of 39% from the average session volume of 29,461,273 shares. The stock had previously closed at $30.82.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. StockNews.com lowered Super Micro Computer from a “hold” rating to a “sell” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. cut shares of Super Micro Computer from a “neutral” rating to an “underweight” rating and lowered their target price for the stock from $50.00 to $23.00 in a research note on Wednesday, November 6th. Loop Capital increased their price objective on Super Micro Computer from $35.00 to $40.00 and gave the company a “buy” rating in a report on Thursday. Northland Capmk raised shares of Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. Finally, The Goldman Sachs Group lowered their price target on shares of Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating on the stock in a report on Wednesday, November 6th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $62.89.

Super Micro Computer Stock Down 1.3 %

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 $18.69 billion, a PE ratio of 16.77 and a beta of 1.31. The firm has a 50-day moving average of $33.22 and a two-hundred day moving average of $45.58.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Rakuten Securities Inc. increased its stake in 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 buying an additional 61,071 shares during the period. Assetmark Inc. increased its position in shares of Super Micro Computer by 164.8% during the third quarter. Assetmark Inc. now owns 150,333 shares of the company’s stock worth $62,599,000 after purchasing an additional 93,569 shares in the last quarter. Sanctuary Advisors LLC boosted its holdings 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 during the period. Bridgewater Associates LP boosted its stake in Super Micro Computer by 921.1% during the 3rd quarter. Bridgewater Associates LP now owns 161,104 shares of the company’s stock worth $67,084,000 after purchasing an additional 145,327 shares during the period. Finally, Oak Thistle LLC purchased a new stake in Super Micro Computer during the 4th quarter valued at approximately $277,000. Hedge funds and other 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.