Super Micro Computer (NASDAQ:SMCI) Stock Price Up 7.5% - Time to Buy?

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) shares rose 7.5% during trading on Tuesday . The company traded as high as $40.00 and last traded at $39.68. Approximately 32,216,790 shares changed hands during trading, a decline of 58% from the average daily volume of 77,248,875 shares. The stock had previously closed at $36.90.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Loop Capital reiterated a "buy" rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. The Goldman Sachs Group raised their price objective on Super Micro Computer from $32.00 to $36.00 and gave the stock a "neutral" rating in a research report on Monday, February 24th. Cfra upgraded Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 price objective on the stock in a research report on Tuesday, February 11th. Barclays initiated coverage on Super Micro Computer in a research note on Thursday, February 27th. They issued an "equal weight" rating and a $59.00 target price for the company. Finally, Wedbush reiterated a "hold" rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Three analysts have rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $52.57.

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Super Micro Computer Stock Up 3.6 %

The stock has a market capitalization of $25.10 billion, a P/E ratio of 21.23 and a beta of 1.21. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. The firm's fifty day moving average is $37.41 and its 200-day moving average is $38.32.

Insider Transactions at Super Micro Computer

In other Super Micro Computer news, CEO Charles Liang sold 46,293 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $50.17, for a total transaction of $2,322,519.81. Following the sale, the chief executive officer now owns 67,403,640 shares of the company's stock, valued at $3,381,640,618.80. This represents a 0.07 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert L. Blair sold 19,460 shares of the business's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $42.58, for a total transaction of $828,606.80. The disclosure for this sale can be found here. Insiders have sold 137,473 shares of company stock valued at $6,771,552 in the last three months. 17.60% of the stock is owned by corporate insiders.

Institutional Trading of Super Micro Computer

Several hedge funds have recently modified their holdings of SMCI. Vanguard Group Inc. lifted its holdings in Super Micro Computer by 908.4% during the 4th quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company's stock worth $1,889,531,000 after buying an additional 55,845,073 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Super Micro Computer by 914.7% during 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 position in shares of Super Micro Computer during the fourth quarter valued at $292,869,000. Invesco Ltd. boosted its holdings in Super Micro Computer by 929.5% in the fourth quarter. Invesco Ltd. now owns 7,542,742 shares of the company's stock valued at $229,903,000 after acquiring an additional 6,810,082 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in Super Micro Computer by 1,573.8% in the fourth quarter. Northern Trust Corp now owns 4,897,876 shares of the company's stock valued at $149,287,000 after acquiring an additional 4,605,260 shares during the last quarter. 84.06% of the stock is owned by 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.