Super Micro Computer (NASDAQ:SMCI) Trading Up 15.7% – What’s Next?

Super Micro Computer, Inc. (NASDAQ:SMCI) rose 15.7% during trading on Monday . The stock traded as high as $39.23 and last traded at $38.34. Approximately 79,559,109 shares changed hands during mid-day trading, a decline of 3% from the average daily volume of 82,402,492 shares. The stock had previously closed at $33.15.

Analysts Set New Price Targets

Several research firms have weighed in on SMCI. Loop Capital dropped their price objective on Super Micro Computer from $150.00 to $100.00 and set a “buy” rating for the company in a report on Monday, September 23rd. Wells Fargo & Company lowered their target price on shares of Super Micro Computer from $65.00 to $37.50 and set an “equal weight” rating for the company in a report on Wednesday, August 28th. 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 note on Wednesday, October 2nd. Mizuho started coverage on Super Micro Computer in a report on Tuesday, September 17th. They issued a “neutral” rating and a $45.00 price objective for the company. Finally, Needham & Company LLC started coverage on shares of Super Micro Computer in a research note on Wednesday, September 18th. They set a “buy” rating and a $60.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $66.89.

Super Micro Computer Trading Up 1.9 %

The stock has a market capitalization of $19.62 billion, a P/E ratio of 17.61 and a beta of 1.28. The stock’s 50 day moving average price is $37.70 and its 200-day moving average price is $59.71. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Invst LLC lifted its holdings in shares of Super Micro Computer by 4.3% in the 1st quarter. Invst LLC now owns 337 shares of the company’s stock valued at $350,000 after buying an additional 14 shares during the period. Byrne Asset Management LLC raised its holdings in Super Micro Computer by 10.4% in the 2nd quarter. Byrne Asset Management LLC now owns 148 shares of the company’s stock valued at $132,000 after buying an additional 14 shares during the period. Versant Capital Management Inc lifted its stake in Super Micro Computer by 30.0% during the 2nd quarter. Versant Capital Management Inc now owns 65 shares of the company’s stock worth $53,000 after acquiring an additional 15 shares in the last quarter. Fielder Capital Group LLC boosted its holdings in Super Micro Computer by 2.8% in the second quarter. Fielder Capital Group LLC now owns 580 shares of the company’s stock valued at $475,000 after purchasing an additional 16 shares during the period. Finally, Kathmere Capital Management LLC lifted its position in shares of 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 purchasing an additional 18 shares during the last quarter. 84.06% of the stock is currently owned by hedge funds and other 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.