Super Micro Computer (NASDAQ:SMCI) Shares Up 2.7% – Should You Buy?

Super Micro Computer, Inc. (NASDAQ:SMCI)’s stock price was up 2.7% on Wednesday . The stock traded as high as $34.98 and last traded at $33.32. Approximately 24,207,774 shares changed hands during trading, a decline of 21% from the average daily volume of 30,785,480 shares. The stock had previously closed at $32.45.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. JPMorgan Chase & Co. downgraded shares of Super Micro Computer from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from $50.00 to $23.00 in a research note on Wednesday, November 6th. The Goldman Sachs Group lowered 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 note on Wednesday, November 6th. Argus cut Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Northland Capmk raised Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. Finally, Barclays cut their price objective on Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating for the company in a report on Wednesday, October 2nd. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $66.89.

Super Micro Computer Stock Performance

The firm has a market cap of $18.93 billion, a P/E ratio of 17.04 and a beta of 1.31. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. The firm has a fifty day moving average of $32.95 and a 200-day moving average of $45.94.

Institutional Investors Weigh In On Super Micro Computer

Institutional investors have recently made changes to their positions in the stock. Pacer Advisors Inc. boosted its holdings in Super Micro Computer by 648.6% during the fourth quarter. Pacer Advisors Inc. now owns 57,459 shares of the company’s stock worth $1,751,000 after buying an additional 49,783 shares during the last quarter. KBC Group NV increased its stake in Super Micro Computer by 472.3% in the fourth quarter. KBC Group NV now owns 41,946 shares of the company’s stock valued at $1,279,000 after purchasing an additional 34,617 shares in the last quarter. Kingswood Wealth Advisors LLC raised its holdings in Super Micro Computer by 905.4% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 89,769 shares of the company’s stock worth $2,736,000 after purchasing an additional 80,840 shares during the period. PFG Investments LLC boosted its position in shares of Super Micro Computer by 748.1% during the fourth quarter. PFG Investments LLC now owns 18,023 shares of the company’s stock worth $549,000 after purchasing an additional 15,898 shares in the last quarter. Finally, Toth Financial Advisory Corp bought a new stake in shares of Super Micro Computer in the 4th quarter valued at $31,000. 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.