Super Micro Computer (NASDAQ:SMCI) Trading Up 0.8% - What's Next?

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) shot up 0.8% during mid-day trading on Friday . The company traded as high as $31.83 and last traded at $31.37. 10,154,762 shares traded hands during trading, a decline of 65% from the average session volume of 29,203,189 shares. The stock had previously closed at $31.12.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SMCI. Barclays decreased their price objective on shares of Super Micro Computer from $438.00 to $42.00 and set an "equal weight" rating for the company in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. lowered Super Micro Computer from a "neutral" rating to an "underweight" rating and dropped their price objective for the company from $50.00 to $23.00 in a report on Wednesday, November 6th. 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 note on Monday, November 4th. StockNews.com lowered shares of Super Micro Computer from a "hold" rating to a "sell" rating in a research report on Wednesday, October 9th. Finally, Northland Capmk upgraded Super Micro Computer to a "strong-buy" rating in a report on Friday, December 20th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Super Micro Computer currently has an average rating of "Hold" and an average target price of $66.89.

Super Micro Computer Stock Performance

The firm has a 50 day simple moving average of $32.46 and a 200-day simple moving average of $47.30. The company has a market cap of $17.24 billion, a price-to-earnings ratio of 15.47 and a beta of 1.31. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC boosted its position in shares of Super Micro Computer by 63,634.1% during the third quarter. International Assets Investment Management LLC now owns 916,496 shares of the company's stock worth $381,629,000 after buying an additional 915,058 shares during the period. Annex Advisory Services LLC acquired a new position in Super Micro Computer during the 4th quarter worth about $6,708,000. Diversify Advisory Services LLC purchased a new position in Super Micro Computer during the 4th quarter valued at about $5,113,000. Bridgewater Associates LP grew its position in Super Micro Computer by 921.1% in the 3rd quarter. Bridgewater Associates LP now owns 161,104 shares of the company's stock valued at $67,084,000 after acquiring an additional 145,327 shares in the last quarter. Finally, Van ECK Associates Corp increased its stake in Super Micro Computer by 1,169.5% during the third quarter. Van ECK Associates Corp now owns 134,670 shares of the company's stock worth $56,077,000 after purchasing an additional 124,062 shares during the period. Hedge funds and other institutional investors own 84.06% of the company's stock.

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.