Super Micro Computer (NASDAQ:SMCI) Stock Price Up 1.6% - Time to Buy?

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) traded up 1.6% on Thursday . The stock traded as high as $32.82 and last traded at $31.49. 11,984,337 shares were traded during trading, a decline of 60% from the average session volume of 29,826,801 shares. The stock had previously closed at $30.99.

Analysts Set New Price Targets

SMCI has been the subject of a number of recent research reports. Northland Capmk raised Super Micro Computer to a "strong-buy" rating in a report on Friday, December 20th. Argus cut shares of Super Micro Computer from a "buy" rating to a "hold" rating in a research note on Thursday, October 31st. Wedbush reaffirmed a "neutral" rating and set a $32.00 target price (down from $62.00) on shares of Super Micro Computer in a research report on Monday, November 4th. 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 report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. cut Super Micro Computer from a "neutral" rating to an "underweight" rating and decreased their price target for the company from $50.00 to $23.00 in a research note on Wednesday, November 6th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, four 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 presently has a consensus rating of "Hold" and an average price target of $66.89.

Super Micro Computer Stock Up 0.4 %

The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. The firm's 50 day moving average price is $32.35 and its two-hundred day moving average price is $47.41. The company has a market cap of $17.41 billion, a P/E ratio of 15.62 and a beta of 1.31.

Institutional Investors Weigh In On Super Micro Computer

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Kathmere Capital Management LLC grew its stake in shares of Super Micro Computer by 5.0% in the 2nd quarter. Kathmere Capital Management LLC now owns 379 shares of the company's stock valued at $311,000 after buying an additional 18 shares during the period. Mount Yale Investment Advisors LLC grew its stake in Super Micro Computer by 7.0% in the second quarter. Mount Yale Investment Advisors LLC now owns 428 shares of the company's stock valued at $351,000 after acquiring an additional 28 shares during the period. Steel Grove Capital Advisors LLC increased its holdings in shares of Super Micro Computer by 3.9% during the second quarter. Steel Grove Capital Advisors LLC now owns 790 shares of the company's stock valued at $647,000 after acquiring an additional 30 shares in the last quarter. Resources Management Corp CT ADV increased its holdings in shares of Super Micro Computer by 100.0% during the second quarter. Resources Management Corp CT ADV now owns 60 shares of the company's stock valued at $49,000 after acquiring an additional 30 shares in the last quarter. Finally, Harmony Asset Management LLC raised its position in shares of Super Micro Computer by 0.6% during the second quarter. Harmony Asset Management LLC now owns 6,187 shares of the company's stock worth $5,069,000 after purchasing an additional 39 shares during the period. 84.06% of the stock is owned by 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.