Super Micro Computer (NASDAQ:SMCI) Trading 0.8% Higher – What’s Next?

Super Micro Computer, Inc. (NASDAQ:SMCI) rose 0.8% during trading on Monday . The company traded as high as $32.59 and last traded at $31.85. Approximately 9,903,711 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 83,047,398 shares. The stock had previously closed at $31.59.

Wall Street Analyst Weigh In

SMCI has been the subject of a number of research analyst reports. Needham & Company LLC assumed 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 for the company. Argus lowered Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Mizuho began coverage on Super Micro Computer in a report on Tuesday, September 17th. They set a “neutral” rating and a $45.00 price objective on the stock. Cfra reiterated a “hold” rating and issued a $45.40 target price (down from $72.90) on shares of Super Micro Computer in a report on Wednesday, August 28th. Finally, Wedbush restated a “neutral” rating and set a $32.00 price target (down previously from $62.00) on shares of Super Micro Computer in a research note on Monday, November 4th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Super Micro Computer presently has an average rating of “Hold” and a consensus target price of $66.89.

Super Micro Computer Stock Performance

The business has a 50-day moving average price of $34.78 and a 200-day moving average price of $53.33. 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 market capitalization of $19.20 billion, a price-to-earnings ratio of 17.23 and a beta of 1.29.

Institutional Investors Weigh In On Super Micro Computer

A number of large investors have recently modified their holdings of the business. Farmers & Merchants Investments Inc. boosted its stake in Super Micro Computer by 400.0% in 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 in the last quarter. Moser Wealth Advisors LLC purchased a new stake in shares of Super Micro Computer during the second quarter valued at $25,000. Hazlett Burt & Watson Inc. increased its position 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 valued at $34,000 after acquiring an additional 24 shares during the period. Resources Management Corp CT ADV raised its stake in 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. lifted its position in 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. Hedge funds and other institutional investors own 84.06% of the company’s stock.

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.