Super Micro Computer (NASDAQ:SMCI) Shares Gap Up - Still a Buy?

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report)'s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $47.91, but opened at $51.00. Super Micro Computer shares last traded at $54.95, with a volume of 46,346,488 shares.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on SMCI shares. Wedbush increased their target price on shares of Super Micro Computer from $24.00 to $40.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Cfra upgraded shares of Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 target price for the company in a research report on Tuesday, February 11th. Argus lowered shares of Super Micro Computer from a "buy" rating to a "hold" rating in a research report on Thursday, October 31st. Loop Capital raised their price objective on shares of Super Micro Computer from $40.00 to $50.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. Finally, The Goldman Sachs Group reduced their price objective on shares of Super Micro Computer from $67.50 to $28.00 and set a "neutral" rating for the company in a research report on Wednesday, November 6th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five 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 stock presently has a consensus rating of "Hold" and a consensus price target of $60.20.

Super Micro Computer Stock Down 3.2 %

The business's 50-day moving average price is $34.83 and its 200-day moving average price is $39.86. 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 firm has a market capitalization of $33.59 billion, a PE ratio of 29.12 and a beta of 1.30.

Hedge Funds Weigh In On Super Micro Computer

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Super Micro Computer by 908.4% during the fourth quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company's stock valued at $1,889,531,000 after acquiring an additional 55,845,073 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Super Micro Computer by 914.7% in the fourth quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company's stock worth $390,572,000 after acquiring an additional 11,580,677 shares during the last quarter. FMR LLC acquired a new stake in Super Micro Computer during the fourth quarter worth $292,869,000. Invesco Ltd. boosted its stake in Super Micro Computer by 929.5% during the fourth quarter. Invesco Ltd. now owns 7,542,742 shares of the company's stock worth $229,903,000 after buying an additional 6,810,082 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in Super Micro Computer by 1,573.8% during the fourth quarter. Northern Trust Corp now owns 4,897,876 shares of the company's stock worth $149,287,000 after buying an additional 4,605,260 shares in the last quarter. 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.