Super Micro Computer (NASDAQ:SMCI) Trading 4.3% Higher – Should You Buy?

Super Micro Computer, Inc. (NASDAQ:SMCI) rose 4.3% on Tuesday . The stock traded as high as $33.49 and last traded at $32.13. Approximately 17,967,497 shares changed hands during trading, a decline of 39% from the average daily volume of 29,461,273 shares. The stock had previously closed at $30.82.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. StockNews.com lowered shares of Super Micro Computer from a “hold” rating to a “sell” rating in a research report on Wednesday, October 9th. Argus cut shares of Super Micro Computer from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Northland Capmk raised shares of Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. Loop Capital reduced their price objective on Super Micro Computer from $150.00 to $100.00 and set a “buy” rating on the stock in a research note on Monday, September 23rd. Finally, Barclays decreased their target price on Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 2nd. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Super Micro Computer has an average rating of “Hold” and an average price target of $66.89.

Super Micro Computer Stock Up 5.1 %

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 stock has a fifty day moving average price of $32.74 and a two-hundred day moving average price of $46.31. The firm has a market capitalization of $18.11 billion, a P/E ratio of 16.28 and a beta of 1.31.

Hedge Funds Weigh In On Super Micro Computer

Several institutional investors have recently made changes to their positions in SMCI. International Assets Investment Management LLC grew its holdings in Super Micro Computer by 63,634.1% in the 3rd quarter. International Assets Investment Management LLC now owns 916,496 shares of the company’s stock worth $381,629,000 after buying an additional 915,058 shares in the last quarter. Nepsis Inc. bought a new position in shares of Super Micro Computer in the fourth quarter worth $13,625,000. Annex Advisory Services LLC acquired a new position in shares of Super Micro Computer during the fourth quarter valued at $6,708,000. Diversify Advisory Services LLC acquired a new position in shares of Super Micro Computer during the fourth quarter valued at $5,113,000. Finally, Bridgewater Associates LP lifted its holdings in Super Micro Computer by 921.1% in the third quarter. Bridgewater Associates LP now owns 161,104 shares of the company’s stock worth $67,084,000 after purchasing an additional 145,327 shares during the period. 84.06% of the stock is 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.