Super Micro Computer (NASDAQ:SMCI) Stock Price Up 13.3% - What's Next?

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) shares shot up 13.3% during mid-day trading on Monday . The company traded as high as $48.18 and last traded at $47.91. 132,026,965 shares were traded during mid-day trading, an increase of 269% from the average session volume of 35,788,788 shares. The stock had previously closed at $42.28.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on SMCI. Wedbush lifted their price target on shares of Super Micro Computer from $24.00 to $40.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. Cfra raised shares of Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 price target on the stock in a report on Tuesday, February 11th. Loop Capital lifted their price target on shares of Super Micro Computer from $40.00 to $50.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. JPMorgan Chase & Co. lifted their price target on shares of Super Micro Computer from $23.00 to $35.00 and gave the company an "underweight" rating in a report on Wednesday, February 12th. 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 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $60.20.

Super Micro Computer Stock Performance

The stock has a market cap of $32.83 billion, a P/E ratio of 28.15 and a beta of 1.30. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. The firm's 50-day moving average price is $34.83 and its 200-day moving average price is $39.86.

Institutional Investors Weigh In On Super Micro Computer

Several large investors have recently bought and sold shares of SMCI. Salem Investment Counselors Inc. bought a new stake in Super Micro Computer in the fourth quarter worth $30,000. Trust Co. of Vermont increased its position 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 worth $30,000 after purchasing an additional 900 shares during the last quarter. Parkside Financial Bank & Trust increased its position in Super Micro Computer by 2,890.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 987 shares of the company's stock worth $30,000 after purchasing an additional 954 shares during the last quarter. Larson Financial Group LLC increased its position in Super Micro Computer by 902.0% in the fourth 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 bought a new stake in Super Micro Computer in the fourth quarter worth $31,000. 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.