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

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

Analyst Upgrades and Downgrades

SMCI has been the subject of a number of research analyst reports. Loop Capital lowered their price target on Super Micro Computer from $150.00 to $100.00 and set a "buy" rating for the company in a report on Monday, September 23rd. The Goldman Sachs Group dropped their target price on shares of Super Micro Computer from $67.50 to $28.00 and set a "neutral" rating on the stock in a research report on Wednesday, November 6th. StockNews.com cut shares of Super Micro Computer from a "hold" rating to a "sell" rating in a research report on Wednesday, October 9th. Northland Capmk raised Super Micro Computer to a "strong-buy" rating in a report on Friday, December 20th. Finally, Barclays reduced their target price on Super Micro Computer from $438.00 to $42.00 and set an "equal weight" rating for the company in a report on Wednesday, October 2nd. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $66.89.

Super Micro Computer Stock Down 1.0 %

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 is $32.59 and its 200 day moving average is $46.94. The firm has a market capitalization of $17.24 billion, a PE ratio of 15.47 and a beta of 1.31.

Institutional Investors Weigh In On Super Micro Computer

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