Super Micro Computer (NASDAQ:SMCI) Trading Up 0.7% – What’s Next?

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) were up 0.7% during mid-day trading on Tuesday . The company traded as high as $31.39 and last traded at $30.88. Approximately 8,242,478 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 82,031,148 shares. The stock had previously closed at $30.68.

Analysts Set New Price Targets

Several research firms have commented on SMCI. JPMorgan Chase & Co. cut shares of Super Micro Computer from a “neutral” rating to an “underweight” rating and lowered their target price for the company from $50.00 to $23.00 in a research note on Wednesday, November 6th. Northland Capmk upgraded Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. Needham & Company LLC started coverage on Super Micro Computer in a research report on Wednesday, September 18th. They set a “buy” rating and a $60.00 price target on the stock. The Goldman Sachs Group dropped their price target on shares of Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 6th. Finally, StockNews.com cut shares of Super Micro Computer from a “hold” rating to a “sell” rating in a research note on Wednesday, October 9th. Three equities 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 given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $66.89.

Super Micro Computer Stock Down 1.6 %

The stock has a 50 day simple moving average of $33.91 and a 200 day simple moving average of $52.40. 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 stock has a market cap of $16.89 billion, a price-to-earnings ratio of 15.16 and a beta of 1.29.

Hedge Funds Weigh In On Super Micro Computer

Hedge funds have recently added to or reduced their stakes in the stock. Farmers & Merchants Investments Inc. boosted 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 purchasing an additional 24 shares during the period. Moser Wealth Advisors LLC purchased a new stake in shares of Super Micro Computer in the second quarter worth about $25,000. Hazlett Burt & Watson Inc. boosted 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 acquiring an additional 24 shares during the period. Resources Management Corp CT ADV grew its stake in Super Micro Computer by 100.0% during the second quarter. Resources Management Corp CT ADV now owns 60 shares of the company’s stock valued at $49,000 after acquiring an additional 30 shares in the last quarter. Finally, Clear Point Advisors Inc. increased its holdings 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. Institutional investors and hedge funds 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.