Super Micro Computer, Inc. (NASDAQ:SMCI) Short Interest Update

Super Micro Computer, Inc. (NASDAQ:SMCI) was the recipient of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 91,660,000 shares, an increase of 18.8% from the January 15th total of 77,150,000 shares. Based on an average daily volume of 71,340,000 shares, the days-to-cover ratio is presently 1.3 days.

Super Micro Computer Trading Up 13.3 %

NASDAQ SMCI traded up $5.63 during trading on Friday, hitting $47.91. The stock had a trading volume of 132,026,965 shares, compared to its average volume of 35,788,788. The company has a market capitalization of $28.05 billion, a PE ratio of 24.05 and a beta of 1.30. 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 50 day moving average price of $33.59 and a 200 day moving average price of $40.16. Super Micro Computer has a twelve month low of $17.25 and a twelve month high of $122.90.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SMCI. Vanguard Group Inc. boosted its holdings in shares of Super Micro Computer by 908.4% in the fourth quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company’s stock valued at $1,889,531,000 after acquiring an additional 55,845,073 shares during the period. Geode Capital Management LLC raised its position in Super Micro Computer by 914.7% in the fourth quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company’s stock worth $390,572,000 after acquiring an additional 11,580,677 shares in the last quarter. FMR LLC acquired a new stake in Super Micro Computer in the fourth quarter valued at $292,869,000. Invesco Ltd. boosted its position in shares of Super Micro Computer by 929.5% during the 4th quarter. Invesco Ltd. now owns 7,542,742 shares of the company’s stock worth $229,903,000 after purchasing an additional 6,810,082 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of Super Micro Computer by 1,573.8% during the 4th quarter. Northern Trust Corp now owns 4,897,876 shares of the company’s stock worth $149,287,000 after purchasing an additional 4,605,260 shares during the period. 84.06% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SMCI has been the subject of a number of recent research reports. Argus downgraded Super Micro Computer from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Northland Securities reissued an “outperform” rating and issued a $57.00 price target (up previously from $54.00) on shares of Super Micro Computer in a research note on Wednesday. Cfra raised shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research note on Tuesday, February 11th. JPMorgan Chase & Co. upped their price target on shares of Super Micro Computer from $23.00 to $35.00 and gave the company an “underweight” rating in a research report on Wednesday. Finally, Loop Capital lifted their price objective on Super Micro Computer from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $60.20.

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.