Super Micro Computer (NASDAQ:SMCI) Shares Up 13.3% – Here’s What Happened

Super Micro Computer, Inc. (NASDAQ:SMCI) shot up 13.3% on Monday . The stock traded as high as $48.18 and last traded at $47.91. 132,026,965 shares traded hands during trading, an increase of 269% from the average session volume of 35,788,788 shares. The stock had previously closed at $42.28.

Wall Street Analyst Weigh In

Several analysts have recently commented on SMCI shares. Argus cut shares of Super Micro Computer from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Wedbush raised their price objective on shares of Super Micro Computer from $24.00 to $40.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. Northland Securities reissued an “outperform” rating and issued a $57.00 price objective (up previously from $54.00) on shares of Super Micro Computer in a research report on Wednesday, February 12th. Finally, Loop Capital lifted their price objective on shares of Super Micro Computer from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Three research 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $60.20.

Super Micro Computer Stock Performance

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 business’s 50 day simple moving average is $33.97 and its 200 day simple moving average is $39.74. The company has a market cap of $35.28 billion, a P/E ratio of 30.25 and a beta of 1.30.

Institutional Trading of Super Micro Computer

Several institutional investors and hedge funds have recently made changes to their positions in SMCI. Toronto Dominion Bank raised its stake in Super Micro Computer by 835.0% in the 4th quarter. Toronto Dominion Bank now owns 181,578 shares of the company’s stock valued at $5,535,000 after purchasing an additional 162,158 shares during the last quarter. Warm Springs Advisors Inc. purchased a new position in shares of Super Micro Computer during the 4th quarter worth $1,063,000. CTC Alternative Strategies Ltd. purchased a new position in shares of Super Micro Computer during the 4th quarter worth $799,000. Public Employees Retirement System of Ohio purchased a new position in Super Micro Computer during the 4th quarter valued at about $5,374,000. Finally, GTS Securities LLC boosted its holdings in Super Micro Computer by 121.4% during the 4th quarter. GTS Securities LLC now owns 15,934 shares of the company’s stock valued at $486,000 after acquiring an additional 90,303 shares during the period. 84.06% of the stock is currently owned by institutional investors.

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.