Super Micro Computer (NASDAQ:SMCI) Stock Price Up 1.5% – Still a Buy?

Super Micro Computer, Inc. (NASDAQ:SMCI)’s share price shot up 1.5% during trading on Thursday . The stock traded as high as $31.39 and last traded at $30.93. 8,216,695 shares traded hands during trading, a decline of 90% from the average session volume of 82,106,219 shares. The stock had previously closed at $30.48.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SMCI. Mizuho initiated coverage on Super Micro Computer in a report on Tuesday, September 17th. They issued a “neutral” rating and a $45.00 price target for the company. Wedbush reiterated a “neutral” rating and issued a $32.00 target price (down from $62.00) on shares of Super Micro Computer in a research note on Monday, November 4th. Barclays dropped their price target on shares of Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 2nd. Loop Capital decreased their price objective on shares of Super Micro Computer from $150.00 to $100.00 and set a “buy” rating for the company in a research report on Monday, September 23rd. Finally, JPMorgan Chase & Co. cut Super Micro Computer from a “neutral” rating to an “underweight” rating and dropped their target price for the company from $50.00 to $23.00 in a research report on Wednesday, November 6th. Three 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $66.89.

Super Micro Computer Stock Performance

The company has a market cap of $16.87 billion, a price-to-earnings ratio of 15.14 and a beta of 1.29. The firm’s 50 day simple moving average is $32.96 and its 200-day simple moving average is $51.29. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77.

Hedge Funds Weigh In On Super Micro Computer

Institutional investors and hedge funds have recently bought and sold shares of the business. Farmers & Merchants Investments Inc. boosted its holdings in shares of Super Micro Computer by 400.0% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 30 shares of the company’s stock worth $25,000 after purchasing an additional 24 shares during the last quarter. Moser Wealth Advisors LLC purchased a new stake in Super Micro Computer in the 2nd quarter valued at $25,000. Hazlett Burt & Watson Inc. increased its stake in shares of 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 acquiring an additional 24 shares during the last quarter. Resources Management Corp CT ADV increased its stake in shares of Super Micro Computer by 100.0% in the 2nd quarter. Resources Management Corp CT ADV now owns 60 shares of the company’s stock worth $49,000 after acquiring an additional 30 shares during the last quarter. Finally, Clear Point Advisors Inc. raised its holdings in shares of Super Micro Computer by 471.4% during the 2nd quarter. Clear Point Advisors Inc. now owns 80 shares of the company’s stock worth $66,000 after acquiring an additional 66 shares during the period. 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.