Super Micro Computer (NASDAQ:SMCI) Trading Up 1.4% – What’s Next?

Super Micro Computer, Inc. (NASDAQ:SMCI)’s share price traded up 1.4% during trading on Friday . The stock traded as high as $34.08 and last traded at $33.08. 14,119,937 shares changed hands during trading, a decline of 55% from the average session volume of 31,184,721 shares. The stock had previously closed at $32.61.

Analyst Ratings Changes

A number of research analysts have recently commented on SMCI shares. Needham & Company LLC initiated coverage on Super Micro Computer in a report on Wednesday, September 18th. They set a “buy” rating and a $60.00 price target on the stock. Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. The Goldman Sachs Group cut their price objective on Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating for the company in a research report on Wednesday, November 6th. StockNews.com cut Super Micro Computer from a “hold” rating to a “sell” rating in a report on Wednesday, October 9th. Finally, Barclays decreased their price target on Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 2nd. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $66.89.

Super Micro Computer Stock Performance

The stock has a fifty day moving average price of $31.89 and a 200 day moving average price of $49.15. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. The firm has a market cap of $18.58 billion, a price-to-earnings ratio of 16.68 and a beta of 1.31.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Kathmere Capital Management LLC raised its holdings in shares of Super Micro Computer by 5.0% in the 2nd quarter. Kathmere Capital Management LLC now owns 379 shares of the company’s stock worth $311,000 after buying an additional 18 shares in the last quarter. Hazlett Burt & Watson Inc. boosted its stake in shares of Super Micro Computer by 141.2% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 41 shares of the company’s stock valued at $34,000 after purchasing an additional 24 shares in the last quarter. Mount Yale Investment Advisors LLC grew its holdings in shares of Super Micro Computer by 7.0% in the 2nd quarter. Mount Yale Investment Advisors LLC now owns 428 shares of the company’s stock worth $351,000 after purchasing an additional 28 shares during the last quarter. Total Clarity Wealth Management Inc. increased its position in shares of Super Micro Computer by 3.3% during the 2nd quarter. Total Clarity Wealth Management Inc. now owns 903 shares of the company’s stock worth $740,000 after purchasing an additional 29 shares in the last quarter. Finally, Steel Grove Capital Advisors LLC boosted its position in Super Micro Computer by 3.9% in the second quarter. Steel Grove Capital Advisors LLC now owns 790 shares of the company’s stock valued at $647,000 after buying an additional 30 shares in the last quarter. 84.06% of the stock is currently owned by institutional investors and hedge funds.

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.