Super Micro Computer (NASDAQ:SMCI) Trading 4.7% Higher – Time to Buy?

Super Micro Computer, Inc. (NASDAQ:SMCI) shot up 4.7% during mid-day trading on Friday . The company traded as high as $33.47 and last traded at $32.72. 17,747,790 shares were traded during trading, a decline of 79% from the average session volume of 83,054,195 shares. The stock had previously closed at $31.24.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Cfra restated a “hold” rating and issued a $45.40 price target (down from $72.90) on shares of Super Micro Computer in a research note on Wednesday, August 28th. Needham & Company LLC assumed coverage on Super Micro Computer in a research note on Wednesday, September 18th. They set a “buy” rating and a $60.00 price target for the company. Wedbush reiterated a “neutral” rating and issued a $32.00 target price (down previously from $62.00) on shares of Super Micro Computer in a research note on Monday, November 4th. The Goldman Sachs Group decreased their price objective on shares of Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating for the company in a report on Wednesday, November 6th. Finally, Argus lowered Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $66.89.

Super Micro Computer Stock Up 3.1 %

The firm has a 50-day simple moving average of $35.67 and a two-hundred day simple moving average of $54.46. The stock has a market cap of $18.01 billion, a P/E ratio of 16.16 and a beta of 1.29. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32.

Hedge Funds Weigh In On Super Micro Computer

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State Street Corp increased its stake in shares of Super Micro Computer by 4.3% in the third quarter. State Street Corp now owns 2,138,142 shares of the company’s stock valued at $890,322,000 after buying an additional 88,692 shares during the period. Geode Capital Management LLC grew its stake in 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 purchasing an additional 16,007 shares during the period. Disciplined Growth Investors Inc. MN boosted its holdings in shares of Super Micro Computer by 3.1% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 1,043,469 shares of the company’s stock worth $434,500,000 after buying an additional 31,064 shares in the last quarter. International Assets Investment Management LLC grew its position in shares of Super Micro Computer by 63,634.1% during the 3rd 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. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Super Micro Computer by 0.6% during the second quarter. Dimensional Fund Advisors LP now owns 345,830 shares of the company’s stock valued at $283,609,000 after purchasing an additional 2,011 shares during the period. 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.