Super Micro Computer (NASDAQ:SMCI) Stock Price Up 0.7% – Should You Buy?

Super Micro Computer, Inc. (NASDAQ:SMCI) shares rose 0.7% during trading on Tuesday . The company traded as high as $31.39 and last traded at $30.88. Approximately 8,242,478 shares were traded during trading, a decline of 90% from the average daily volume of 82,031,148 shares. The stock had previously closed at $30.68.

Wall Street Analyst Weigh In

SMCI has been the subject of several analyst reports. Wedbush reissued a “neutral” rating and set a $32.00 price target (down previously from $62.00) on shares of Super Micro Computer in a report on Monday, November 4th. 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 research note on Wednesday, November 6th. Mizuho started coverage on shares of Super Micro Computer in a report on Tuesday, September 17th. They issued a “neutral” rating and a $45.00 price target for the company. Needham & Company LLC initiated coverage on shares of Super Micro Computer in a research note on Wednesday, September 18th. They issued a “buy” rating and a $60.00 price objective on the stock. Finally, Loop Capital cut their target price on shares of Super Micro Computer from $150.00 to $100.00 and set a “buy” rating for the company in a research note on Monday, September 23rd. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $66.89.

Super Micro Computer Trading Down 0.7 %

The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. The company has a market capitalization of $17.05 billion, a P/E ratio of 15.30 and a beta of 1.29. The company has a fifty day simple moving average of $33.25 and a two-hundred day simple moving average of $51.67.

Institutional Trading of Super Micro Computer

Several large investors have recently modified their holdings of the company. Kathmere Capital Management LLC lifted its position in Super Micro Computer by 5.0% during the 2nd quarter. Kathmere Capital Management LLC now owns 379 shares of the company’s stock worth $311,000 after acquiring an additional 18 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in Super Micro Computer by 0.4% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 4,322 shares of the company’s stock valued at $3,541,000 after purchasing an additional 19 shares during the period. Farmers & Merchants Investments Inc. grew its holdings in Super Micro Computer by 400.0% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 30 shares of the company’s stock valued at $25,000 after buying an additional 24 shares during the last quarter. Hazlett Burt & Watson Inc. increased its position in Super Micro Computer by 141.2% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 41 shares of the company’s stock worth $34,000 after buying an additional 24 shares during the period. Finally, Mount Yale Investment Advisors LLC lifted its holdings in shares of Super Micro Computer by 7.0% during the second quarter. Mount Yale Investment Advisors LLC now owns 428 shares of the company’s stock worth $351,000 after buying an additional 28 shares during the last quarter. 84.06% of the stock is owned by institutional investors.

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.