Super Micro Computer, Inc. (NASDAQ:SMCI) Sees Significant Decrease in Short Interest

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) was the recipient of a large decline in short interest in December. As of December 31st, there was short interest totalling 78,960,000 shares, a decline of 13.8% from the December 15th 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.

Analysts Set New Price Targets

SMCI has been the subject of several analyst reports. Loop Capital reduced their target price on shares of Super Micro Computer from $150.00 to $100.00 and set a "buy" rating for the company in a report on Monday, September 23rd. Argus cut shares of Super Micro Computer from a "buy" rating to a "hold" rating in a research note on Thursday, October 31st. Barclays decreased their price objective on shares of Super Micro Computer from $438.00 to $42.00 and set an "equal weight" rating on the stock in a research report on Wednesday, October 2nd. Wedbush reaffirmed a "neutral" rating and issued a $32.00 target price (down previously from $62.00) on shares of Super Micro Computer in a report on Monday, November 4th. Finally, JPMorgan Chase & Co. lowered Super Micro Computer from a "neutral" rating to an "underweight" rating and cut their price target 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 given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Super Micro Computer has an average rating of "Hold" and an average target price of $66.89.

Super Micro Computer Price Performance

NASDAQ:SMCI traded down $0.30 during trading hours on Friday, reaching $30.82. The stock had a trading volume of 24,271,941 shares, compared to its average volume of 30,744,043. Super Micro Computer has a 52 week low of $17.25 and a 52 week high of $122.90. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. The company has a 50 day moving average price of $32.46 and a two-hundred day moving average price of $47.30. The stock has a market capitalization of $17.24 billion, a PE ratio of 15.47 and a beta of 1.31.

Institutional Trading of Super Micro Computer

Several hedge funds have recently made changes to their positions in the business. State Street Corp grew its position in Super Micro Computer by 4.3% in the 3rd quarter. State Street Corp now owns 2,138,142 shares of the company's stock valued at $890,322,000 after acquiring an additional 88,692 shares during the last quarter. Geode Capital Management LLC grew its stake in Super Micro Computer by 1.3% in the third quarter. Geode Capital Management LLC now owns 1,266,040 shares of the company's stock worth $529,753,000 after purchasing an additional 16,007 shares in the last quarter. Disciplined Growth Investors Inc. MN increased its holdings in Super Micro Computer by 3.1% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 1,043,469 shares of the company's stock worth $434,500,000 after purchasing an additional 31,064 shares during the period. International Assets Investment Management LLC increased its holdings in Super Micro Computer by 63,634.1% during the 3rd quarter. International Assets Investment Management LLC now owns 916,496 shares of the company's stock worth $381,629,000 after purchasing an additional 915,058 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Super Micro Computer by 0.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 345,830 shares of the company's stock worth $283,609,000 after buying an additional 2,011 shares during the period. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

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.