Super Micro Computer (NASDAQ:SMCI) Shares Up 9.2% – Still a Buy?

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) were up 9.2% during mid-day trading on Monday . The company traded as high as $38.50 and last traded at $36.38. Approximately 32,741,279 shares changed hands during trading, an increase of 11% from the average daily volume of 29,473,436 shares. The stock had previously closed at $33.33.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Loop Capital dropped their target price 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. StockNews.com lowered Super Micro Computer from a “hold” rating to a “sell” rating in a research note on Wednesday, October 9th. Needham & Company LLC initiated coverage on shares of Super Micro Computer in a report on Wednesday, September 18th. They set a “buy” rating and a $60.00 price objective on the stock. Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. Finally, Mizuho assumed coverage on shares of Super Micro Computer in a research note on Tuesday, September 17th. They set a “neutral” rating and a $45.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Super Micro Computer presently has a consensus rating of “Hold” and a consensus price target of $66.89.

Super Micro Computer Trading Up 8.5 %

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’s 50-day moving average is $32.35 and its 200 day moving average is $50.47. The company has a market cap of $20.22 billion, a price-to-earnings ratio of 18.15 and a beta of 1.31.

Hedge Funds Weigh In On Super Micro Computer

Institutional investors and hedge funds have recently modified their holdings of the business. Moser Wealth Advisors LLC purchased a new stake in shares of Super Micro Computer in the second quarter valued at approximately $25,000. Farmers & Merchants Investments Inc. raised its position in Super Micro Computer by 400.0% during the second quarter. Farmers & Merchants Investments Inc. now owns 30 shares of the company’s stock worth $25,000 after acquiring an additional 24 shares during the period. Hazlett Burt & Watson Inc. grew its position in shares of Super Micro Computer by 141.2% in the second quarter. Hazlett Burt & Watson Inc. now owns 41 shares of the company’s stock valued at $34,000 after purchasing an additional 24 shares during the period. Resources Management Corp CT ADV increased its stake in shares of Super Micro Computer by 100.0% during the second quarter. Resources Management Corp CT ADV now owns 60 shares of the company’s stock worth $49,000 after purchasing an additional 30 shares in the last quarter. Finally, Clear Point Advisors Inc. raised its position 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 purchasing an additional 66 shares during the last quarter. Hedge funds and other institutional investors own 84.06% of the company’s stock.

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.