Super Micro Computer (NASDAQ:SMCI) Sees Strong Trading Volume – Should You Buy?

Super Micro Computer, Inc. (NASDAQ:SMCI) shares saw strong trading volume on Tuesday . 53,875,777 shares were traded during trading, a decline of 33% from the previous session’s volume of 80,999,086 shares.The stock last traded at $26.84 and had previously closed at $21.54.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Wells Fargo & Company reduced their target price on shares of Super Micro Computer from $65.00 to $37.50 and set an “equal weight” rating on the stock in a report on Wednesday, August 28th. Bank of America downgraded Super Micro Computer from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $109.00 to $70.00 in a report on Wednesday, August 7th. The Goldman Sachs Group reduced their price target on Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 6th. StockNews.com downgraded Super Micro Computer from a “hold” rating to a “sell” rating in a research report on Wednesday, October 9th. Finally, Argus cut Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $66.89.

Super Micro Computer Trading Down 8.7 %

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 firm has a fifty day simple moving average of $38.76 and a 200-day simple moving average of $61.38. The firm has a market cap of $14.43 billion, a P/E ratio of 12.95 and a beta of 1.28.

Institutional Trading of Super Micro Computer

Several hedge funds have recently bought and sold shares of SMCI. Acadian Asset Management LLC acquired a new position in shares of Super Micro Computer during the first quarter valued at about $98,000. Edgestream Partners L.P. acquired a new position in Super Micro Computer during the 1st quarter valued at about $424,000. Bessemer Group Inc. increased its holdings in Super Micro Computer by 944.7% during the 1st quarter. Bessemer Group Inc. now owns 397 shares of the company’s stock worth $401,000 after purchasing an additional 359 shares in the last quarter. Delap Wealth Advisory LLC purchased a new stake in Super Micro Computer in the 1st quarter valued at $201,000. Finally, Advisors Asset Management Inc. raised its holdings in shares of Super Micro Computer by 1,450.0% in the first quarter. Advisors Asset Management Inc. now owns 1,240 shares of the company’s stock valued at $1,252,000 after purchasing an additional 1,160 shares during the last quarter. Institutional investors and hedge funds 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.