Super Micro Computer (NASDAQ:SMCI) Shares Gap Up – Still a Buy?

Super Micro Computer, Inc. (NASDAQ:SMCI) shares gapped up before the market opened on Tuesday . The stock had previously closed at $47.91, but opened at $51.00. Super Micro Computer shares last traded at $54.95, with a volume of 46,346,488 shares traded.

Wall Street Analyst Weigh In

Several analysts have recently commented on SMCI shares. Loop Capital upped their price objective on shares of Super Micro Computer from $40.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Argus downgraded shares of Super Micro Computer from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. The Goldman Sachs Group cut their price target on 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. 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 report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. upped their target price on Super Micro Computer from $23.00 to $35.00 and gave the stock an “underweight” rating in a research note on Wednesday, February 12th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $60.20.

Super Micro Computer Trading Up 16.5 %

The firm has a market capitalization of $32.67 billion, a price-to-earnings ratio of 28.01 and a beta of 1.30. 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 price of $33.97 and a two-hundred day moving average price of $39.74.

Hedge Funds Weigh In On Super Micro Computer

A number of large investors have recently added to or reduced their stakes in the stock. Salem Investment Counselors Inc. purchased a new stake in shares of Super Micro Computer during the fourth quarter worth about $30,000. Trust Co. of Vermont boosted its holdings in Super Micro Computer by 900.0% in the 4th quarter. Trust Co. of Vermont now owns 1,000 shares of the company’s stock worth $30,000 after buying an additional 900 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in Super Micro Computer by 2,890.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 987 shares of the company’s stock worth $30,000 after buying an additional 954 shares in the last quarter. Larson Financial Group LLC raised its holdings in shares of Super Micro Computer by 902.0% during the fourth quarter. Larson Financial Group LLC now owns 992 shares of the company’s stock valued at $30,000 after acquiring an additional 893 shares during the last quarter. Finally, Toth Financial Advisory Corp purchased a new position in shares of Super Micro Computer in the fourth quarter valued at approximately $31,000. 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.