Super Micro Computer (NASDAQ:SMCI) Stock Price Up 13.7% - Still a Buy?

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) traded up 13.7% on Tuesday . The company traded as high as $55.28 and last traded at $54.47. 77,265,160 shares traded hands during trading, an increase of 39% from the average session volume of 55,597,664 shares. The stock had previously closed at $47.91.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Northland Securities reiterated an "outperform" rating and set a $57.00 price target (up from $54.00) on shares of Super Micro Computer in a report on Wednesday, February 12th. JPMorgan Chase & Co. increased their price target on Super Micro Computer from $23.00 to $35.00 and gave the stock an "underweight" rating in a report on Wednesday, February 12th. The Goldman Sachs Group lowered their price target 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. Argus cut Super Micro Computer from a "buy" rating to a "hold" rating in a report on Thursday, October 31st. Finally, Wedbush raised their target price on Super Micro Computer from $24.00 to $40.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $60.20.

Super Micro Computer Stock Down 5.4 %

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 has a market cap of $32.83 billion, a price-to-earnings ratio of 28.15 and a beta of 1.30. The firm has a 50-day moving average price of $34.83 and a two-hundred day moving average price of $39.86.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Vermillion Wealth Management Inc. acquired a new position in Super Micro Computer during the fourth quarter worth approximately $107,000. Mackenzie Financial Corp increased its position in Super Micro Computer by 445.8% during the fourth quarter. Mackenzie Financial Corp now owns 31,660 shares of the company's stock worth $965,000 after buying an additional 25,859 shares during the period. Griffith & Werner Inc. acquired a new position in Super Micro Computer during the fourth quarter worth approximately $700,000. Toronto Dominion Bank increased its position in Super Micro Computer by 835.0% during the fourth quarter. Toronto Dominion Bank now owns 181,578 shares of the company's stock worth $5,535,000 after buying an additional 162,158 shares during the period. Finally, Warm Springs Advisors Inc. acquired a new position in Super Micro Computer during the fourth quarter worth approximately $1,063,000. Institutional investors and hedge funds 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.