Super Micro Computer (NASDAQ:SMCI) Sees Strong Trading Volume - Time to Buy?

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) saw strong trading volume on Wednesday . 49,982,617 shares traded hands during mid-day trading, a decline of 14% from the previous session's volume of 57,796,996 shares.The stock last traded at $57.85 and had previously closed at $55.80.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on SMCI shares. The Goldman Sachs Group cut their target price on Super Micro Computer from $67.50 to $28.00 and set a "neutral" rating on the stock in a research note on Wednesday, November 6th. Wedbush raised their target price on Super Micro Computer from $24.00 to $40.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 12th. Loop Capital raised their target price on Super Micro Computer from $40.00 to $50.00 and gave the stock a "buy" rating in a research note on Wednesday, February 12th. Northland Capmk raised Super Micro Computer to a "strong-buy" rating in a research note on Friday, December 20th. Finally, Cfra upgraded shares of Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 price objective for the company in a report on Tuesday, February 11th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $60.20.

Super Micro Computer Trading Down 5.4 %

The company has a market cap of $32.83 billion, a PE ratio of 28.15 and a beta of 1.30. The stock's 50 day moving average is $35.23 and its 200-day moving average is $39.97. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32.

Institutional Trading of Super Micro Computer

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SMCI. Salem Investment Counselors Inc. purchased a new stake in shares of Super Micro Computer during the fourth quarter valued at $30,000. Trust Co. of Vermont grew its stake in Super Micro Computer by 900.0% in the fourth quarter. Trust Co. of Vermont now owns 1,000 shares of the company's stock valued at $30,000 after purchasing an additional 900 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of Super Micro Computer by 2,890.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 987 shares of the company's stock valued at $30,000 after purchasing an additional 954 shares during the last quarter. Larson Financial Group LLC grew its position in Super Micro Computer by 902.0% during the 4th quarter. Larson Financial Group LLC now owns 992 shares of the company's stock worth $30,000 after purchasing an additional 893 shares during the last quarter. Finally, Toth Financial Advisory Corp purchased a new stake in Super Micro Computer during the 4th quarter worth approximately $31,000. 84.06% of the stock is owned by hedge funds and other institutional investors.

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.