Super Micro Computer, Inc. (NASDAQ:SMCI) Short Interest Update

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) was the target of a significant decline in short interest in the month of January. As of January 15th, there was short interest totalling 78,960,000 shares, a decline of 13.8% from the December 31st total of 91,570,000 shares. Based on an average daily trading volume, of 76,450,000 shares, the short-interest ratio is currently 1.0 days.

Wall Street Analysts Forecast Growth

SMCI has been the topic of a number of recent analyst reports. Northland Capmk upgraded shares of Super Micro Computer to a "strong-buy" rating in a research note on Friday, December 20th. Wedbush reiterated a "neutral" rating and issued a $32.00 price objective (down from $62.00) on shares of Super Micro Computer in a report on Monday, November 4th. Loop Capital upped their target price on Super Micro Computer from $35.00 to $40.00 and gave the stock a "buy" rating in a research report on Thursday, January 23rd. Barclays cut their price objective 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, JPMorgan Chase & Co. cut shares of Super Micro Computer from a "neutral" rating to an "underweight" rating and lowered their price objective for the stock from $50.00 to $23.00 in a research note on Wednesday, November 6th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $62.89.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Rakuten Securities Inc. grew its position in Super Micro Computer by 391.8% in 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 during the last quarter. Assetmark Inc. lifted its stake 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 valued at $62,599,000 after buying an additional 93,569 shares during the period. Nepsis Inc. acquired a new stake in Super Micro Computer during the fourth quarter worth about $13,625,000. Sanctuary Advisors LLC increased its stake in Super Micro Computer by 254.7% during 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. Finally, Bridgewater Associates LP lifted its position in shares of Super Micro Computer by 921.1% in the 3rd quarter. Bridgewater Associates LP now owns 161,104 shares of the company's stock worth $67,084,000 after acquiring an additional 145,327 shares during the period. 84.06% of the stock is currently owned by institutional investors and hedge funds.

Super Micro Computer Stock Performance

Shares of NASDAQ SMCI traded up $0.84 during trading hours on Thursday, hitting $28.64. 21,900,863 shares of the company's stock were exchanged, compared to its average volume of 32,702,668. The company's 50-day moving average price is $34.01 and its 200-day moving average price is $43.48. Super Micro Computer has a 1-year low of $17.25 and a 1-year high of $122.90. The stock has a market capitalization of $16.02 billion, a price-to-earnings ratio of 14.38 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.

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.