Super Micro Computer (NASDAQ:SMCI) Trading 13.7% Higher – Still a Buy?

Super Micro Computer, Inc. (NASDAQ:SMCI)’s share price was up 13.7% during mid-day trading on Tuesday . The stock traded as high as $55.28 and last traded at $54.47. Approximately 77,265,160 shares were traded during mid-day trading, an increase of 39% from the average daily volume of 55,597,664 shares. The stock had previously closed at $47.91.

Analyst Upgrades and Downgrades

Several research firms recently commented on SMCI. The Goldman Sachs Group cut their target price on shares of Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 6th. JPMorgan Chase & Co. lifted their price target on shares of Super Micro Computer from $23.00 to $35.00 and gave the stock an “underweight” rating in a report on Wednesday, February 12th. Northland Securities restated an “outperform” rating and issued a $57.00 price objective (up from $54.00) on shares of Super Micro Computer in a report on Wednesday, February 12th. Loop Capital lifted their target price on Super Micro Computer from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Finally, Northland Capmk raised Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. Three analysts have rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Super Micro Computer presently has an average rating of “Hold” and a consensus target price of $60.20.

Super Micro Computer Stock Up 16.5 %

The stock has a market cap of $32.67 billion, a price-to-earnings ratio of 28.01 and a beta of 1.30. The firm’s fifty day moving average price is $33.97 and its two-hundred day moving average price is $39.74. 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 Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SMCI. Rakuten Securities Inc. increased its holdings in shares of Super Micro Computer by 391.8% during the third quarter. Rakuten Securities Inc. now owns 76,660 shares of the company’s stock valued at $31,921,000 after acquiring an additional 61,071 shares in the last quarter. Assetmark Inc. increased its stake in Super Micro Computer by 164.8% during the 3rd quarter. Assetmark Inc. now owns 150,333 shares of the company’s stock valued at $62,599,000 after purchasing an additional 93,569 shares in the last quarter. Clear Creek Financial Management LLC acquired a new position in Super Micro Computer during the fourth quarter worth $635,000. Nepsis Inc. bought a new position in shares of Super Micro Computer in the fourth quarter valued at $13,625,000. Finally, Sanctuary Advisors LLC grew its holdings in shares of Super Micro Computer by 254.7% during the third quarter. Sanctuary Advisors LLC now owns 30,634 shares of the company’s stock valued at $12,756,000 after buying an additional 21,997 shares during the last quarter. 84.06% of the stock is 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.