Super Micro Computer (NASDAQ:SMCI) Trading Up 1.6% - Still a Buy?

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) shares shot up 1.6% during trading 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.

Wall Street Analyst Weigh In

SMCI has been the topic of several analyst reports. Loop Capital lowered their target price on Super Micro Computer from $150.00 to $100.00 and set a "buy" rating on the stock in a research note on Monday, September 23rd. Argus cut shares of Super Micro Computer from a "buy" rating to a "hold" rating in a research note on Thursday, October 31st. Northland Capmk upgraded shares of Super Micro Computer to a "strong-buy" rating in a research note on Friday, December 20th. JPMorgan Chase & Co. lowered shares of Super Micro Computer from a "neutral" rating to an "underweight" rating and dropped their price target for the stock from $50.00 to $23.00 in a research note on Wednesday, November 6th. Finally, StockNews.com cut shares of Super Micro Computer from a "hold" rating to a "sell" rating in a report on Wednesday, October 9th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $66.89.

Super Micro Computer Price Performance

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 company has a 50-day moving average of $32.59 and a 200-day moving average of $47.18. The stock has a market capitalization of $17.24 billion, a price-to-earnings ratio of 15.47 and a beta of 1.31.

Institutional Trading of Super Micro Computer

Institutional investors and hedge funds have recently made changes to their positions in the stock. State Street Corp increased its position in Super Micro Computer by 4.3% during the 3rd quarter. State Street Corp now owns 2,138,142 shares of the company's stock worth $890,322,000 after purchasing an additional 88,692 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Super Micro Computer by 1.3% during the third quarter. Geode Capital Management LLC now owns 1,266,040 shares of the company's stock worth $529,753,000 after buying an additional 16,007 shares in the last quarter. Disciplined Growth Investors Inc. MN raised its position in shares of Super Micro Computer by 3.1% in the third quarter. Disciplined Growth Investors Inc. MN now owns 1,043,469 shares of the company's stock valued at $434,500,000 after buying an additional 31,064 shares during the last quarter. International Assets Investment Management LLC lifted its stake 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 valued at $381,629,000 after buying an additional 915,058 shares during the period. Finally, Annex Advisory Services LLC acquired a new stake in Super Micro Computer during the fourth quarter worth approximately $6,708,000. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

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.