Super Micro Computer (NASDAQ:SMCI) Trading Up 1.6% - Here's What Happened

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report)'s stock price was up 1.6% during mid-day trading on Wednesday . The company traded as high as $31.71 and last traded at $31.03. Approximately 11,130,289 shares traded hands during trading, a decline of 63% from the average daily volume of 29,989,000 shares. The stock had previously closed at $30.53.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on SMCI shares. JPMorgan Chase & Co. downgraded Super Micro Computer from a "neutral" rating to an "underweight" rating and reduced their price objective for the stock from $50.00 to $23.00 in a report on Wednesday, November 6th. Loop Capital reduced their price target on shares of Super Micro Computer from $150.00 to $100.00 and set a "buy" rating for the company in a research note on Monday, September 23rd. Needham & Company LLC started coverage on shares of Super Micro Computer in a research report on Wednesday, September 18th. They set a "buy" rating and a $60.00 price objective on the stock. Northland Capmk upgraded shares of Super Micro Computer to a "strong-buy" rating in a report on Friday, December 20th. Finally, Mizuho began coverage on shares of Super Micro Computer in a research note on Tuesday, September 17th. They set a "neutral" rating and a $45.00 target price for the company. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Super Micro Computer presently has a consensus rating of "Hold" and an average price target of $66.89.

Super Micro Computer Price Performance

The firm has a 50-day moving average of $32.18 and a 200-day moving average of $47.77. The stock has a market cap of $17.33 billion, a PE ratio of 15.56 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 Investors Weigh In On Super Micro Computer

Several institutional investors and hedge funds have recently modified their holdings of the stock. Trust Co. of Vermont boosted its position in shares of Super Micro Computer by 900.0% during the fourth quarter. Trust Co. of Vermont now owns 1,000 shares of the company's stock worth $30,000 after acquiring an additional 900 shares during the last quarter. B & T Capital Management DBA Alpha Capital Management lifted its stake in Super Micro Computer by 2,129.8% in the 4th quarter. B & T Capital Management DBA Alpha Capital Management now owns 12,777 shares of the company's stock worth $389,000 after purchasing an additional 12,204 shares in the last quarter. Bouvel Investment Partners LLC grew its position in shares of Super Micro Computer by 1,719.0% during the fourth quarter. Bouvel Investment Partners LLC now owns 46,785 shares of the company's stock valued at $1,426,000 after purchasing an additional 44,213 shares in the last quarter. BluePath Capital Management LLC increased its holdings in shares of Super Micro Computer by 2,415.8% in the fourth quarter. BluePath Capital Management LLC now owns 27,875 shares of the company's stock worth $866,000 after purchasing an additional 26,767 shares during the last quarter. Finally, Armstrong Advisory Group Inc. purchased a new stake in shares of Super Micro Computer in the fourth quarter worth about $56,000. 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.