Super Micro Computer (NASDAQ:SMCI) Shares Up 1.5% – What’s Next?

Super Micro Computer, Inc. (NASDAQ:SMCI)’s share price traded up 1.5% during mid-day trading on Thursday . The stock traded as high as $31.39 and last traded at $30.93. 8,216,695 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 82,106,219 shares. The stock had previously closed at $30.48.

Analysts Set New Price Targets

Several research firms recently commented on SMCI. Barclays dropped their price objective 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 initiated coverage on Super Micro Computer in a report on Tuesday, September 17th. They set a “neutral” rating and a $45.00 price target for the company. Needham & Company LLC initiated coverage on Super Micro Computer in a research report on Wednesday, September 18th. They issued a “buy” rating and a $60.00 price target for the company. Wedbush reissued a “neutral” rating and set a $32.00 price objective (down from $62.00) on shares of Super Micro Computer in a research report on Monday, November 4th. Finally, The Goldman Sachs Group decreased their target price on shares of Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating for the company in a report on Wednesday, November 6th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $66.89.

Super Micro Computer Stock Performance

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 market cap of $18.64 billion, a PE ratio of 16.73 and a beta of 1.29. The business has a 50-day simple moving average of $32.35 and a 200 day simple moving average of $51.02.

Institutional Investors Weigh In On Super Micro Computer

A number of institutional investors have recently bought and sold shares of the business. Rakuten Securities Inc. boosted its stake in shares of Super Micro Computer by 391.8% in the third quarter. Rakuten Securities Inc. now owns 76,660 shares of the company’s stock worth $31,921,000 after acquiring an additional 61,071 shares during the period. Assetmark Inc. lifted its holdings in Super Micro Computer by 164.8% in the 3rd quarter. Assetmark Inc. now owns 150,333 shares of the company’s stock worth $62,599,000 after purchasing an additional 93,569 shares in the last quarter. Sanctuary Advisors LLC boosted its stake in Super Micro Computer by 254.7% in the 3rd quarter. Sanctuary Advisors LLC now owns 30,634 shares of the company’s stock worth $12,756,000 after purchasing an additional 21,997 shares during the period. Bridgewater Associates LP grew its holdings in Super Micro Computer by 921.1% during the 3rd quarter. Bridgewater Associates LP now owns 161,104 shares of the company’s stock valued at $67,084,000 after buying an additional 145,327 shares in the last quarter. Finally, Tidal Investments LLC raised its position in shares of Super Micro Computer by 143.8% during the third quarter. Tidal Investments LLC now owns 50,355 shares of the company’s stock valued at $20,968,000 after buying an additional 29,697 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.