Super Micro Computer (NASDAQ:SMCI) Shares Up 4.2% - Still a Buy?

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report)'s stock price traded up 4.2% during mid-day trading on Tuesday . The company traded as high as $35.37 and last traded at $34.85. 20,529,174 shares were traded during trading, a decline of 75% from the average session volume of 83,563,063 shares. The stock had previously closed at $33.44.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Wells Fargo & Company reduced their price objective on Super Micro Computer from $65.00 to $37.50 and set an "equal weight" rating for the company in a report on Wednesday, August 28th. Cfra restated a "hold" rating and set a $45.40 price objective (down previously from $72.90) on shares of Super Micro Computer in a report on Wednesday, August 28th. Argus cut Super Micro Computer from a "buy" rating to a "hold" rating in a report on Thursday, October 31st. The Goldman Sachs Group reduced their price objective on Super Micro Computer from $67.50 to $28.00 and set a "neutral" rating for the company in a report on Wednesday, November 6th. Finally, Wedbush restated a "neutral" rating and set a $32.00 price objective (down previously from $62.00) on shares of Super Micro Computer in a report on Monday, November 4th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $66.89.

Super Micro Computer Trading Up 1.1 %

The firm has a market capitalization of $18.91 billion, a price-to-earnings ratio of 16.97 and a beta of 1.29. 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 simple moving average is $36.27 and its 200 day simple moving average is $54.95.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Farmers & Merchants Investments Inc. increased its holdings in shares of Super Micro Computer by 400.0% during the second quarter. Farmers & Merchants Investments Inc. now owns 30 shares of the company's stock worth $25,000 after buying an additional 24 shares in the last quarter. Moser Wealth Advisors LLC acquired a new position in shares of Super Micro Computer during the second quarter worth $25,000. Hazlett Burt & Watson Inc. increased its holdings in shares of Super Micro Computer by 141.2% during the second quarter. Hazlett Burt & Watson Inc. now owns 41 shares of the company's stock worth $34,000 after buying an additional 24 shares in the last quarter. AlphaCentric Advisors LLC acquired a new stake in Super Micro Computer in the second quarter valued at $42,000. Finally, Resources Management Corp CT ADV increased its holdings in Super Micro Computer by 100.0% in the second quarter. Resources Management Corp CT ADV now owns 60 shares of the company's stock valued at $49,000 after purchasing an additional 30 shares during the period. 84.06% of the stock is currently owned by institutional investors and hedge funds.

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.