Super Micro Computer (NASDAQ:SMCI) Shares Up 6.1% – Still a Buy?

Super Micro Computer, Inc. (NASDAQ:SMCI)’s share price traded up 6.1% on Friday . The stock traded as high as $30.09 and last traded at $30.40. 14,622,709 shares were traded during trading, a decline of 54% from the average session volume of 31,633,107 shares. The stock had previously closed at $28.64.

Wall Street Analysts Forecast Growth

SMCI has been the subject of a number of research reports. The Goldman Sachs Group decreased their target price on Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating for the company in a report on Wednesday, November 6th. StockNews.com cut shares of Super Micro Computer from a “hold” rating to a “sell” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. lowered shares of Super Micro Computer from a “neutral” rating to an “underweight” rating and cut their price objective for the stock from $50.00 to $23.00 in a research note on Wednesday, November 6th. Northland Capmk raised Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. Finally, Wedbush reissued a “neutral” rating and issued a $32.00 price objective (down previously from $62.00) on shares of Super Micro Computer in a report on Monday, November 4th. Three equities 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 given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $62.89.

Super Micro Computer Trading Up 1.4 %

The business has a 50-day simple moving average of $34.00 and a 200-day simple moving average of $43.38. 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 company has a market cap of $16.24 billion, a PE ratio of 14.55 and a beta of 1.31.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. State Street Corp grew its position in shares of Super Micro Computer by 4.3% in the 3rd quarter. State Street Corp now owns 2,138,142 shares of the company’s stock valued at $890,322,000 after buying an additional 88,692 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Super Micro Computer by 956.6% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,317,018 shares of the company’s stock worth $40,143,000 after acquiring an additional 1,192,366 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Super Micro Computer by 1.3% in the third quarter. Geode Capital Management LLC now owns 1,266,040 shares of the company’s stock valued at $529,753,000 after acquiring an additional 16,007 shares in the last quarter. Disciplined Growth Investors Inc. MN increased its stake in shares of Super Micro Computer by 3.1% during the third quarter. Disciplined Growth Investors Inc. MN now owns 1,043,469 shares of the company’s stock worth $434,500,000 after acquiring an additional 31,064 shares during the period. Finally, Rhumbline Advisers raised its holdings in Super Micro Computer by 897.0% during the fourth quarter. Rhumbline Advisers now owns 984,305 shares of the company’s stock worth $30,002,000 after purchasing an additional 885,582 shares in the last quarter. Hedge funds and other institutional investors own 84.06% of the company’s stock.

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.