Super Micro Computer, Inc. (NASDAQ:SMCI) Short Interest Down 13.8% in December

Super Micro Computer, Inc. (NASDAQ:SMCI) was the recipient of a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 78,960,000 shares, a drop of 13.8% from the December 15th total of 91,570,000 shares. Based on an average daily trading volume, of 76,450,000 shares, the short-interest ratio is presently 1.0 days.

Analysts Set New Price Targets

A number of brokerages have issued reports on SMCI. Loop Capital reduced their target price on Super Micro Computer from $150.00 to $100.00 and set a “buy” rating on the stock in a report on Monday, September 23rd. StockNews.com cut Super Micro Computer from a “hold” rating to a “sell” rating in a report on Wednesday, October 9th. Wedbush restated a “neutral” rating and set a $32.00 target price (down previously from $62.00) on shares of Super Micro Computer in a report on Monday, November 4th. Barclays cut their price objective on Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 2nd. Finally, Northland Capmk upgraded Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Super Micro Computer presently has an average rating of “Hold” and an average target price of $66.89.

Hedge Funds Weigh In On Super Micro Computer

A number of large investors have recently bought and sold shares of SMCI. Parallel Advisors LLC boosted its position in Super Micro Computer by 59.4% during the 2nd quarter. Parallel Advisors LLC now owns 373 shares of the company’s stock worth $306,000 after acquiring an additional 139 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Super Micro Computer by 101.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 20,782 shares of the company’s stock worth $17,028,000 after purchasing an additional 10,469 shares in the last quarter. J.W. Cole Advisors Inc. bought a new stake in shares of Super Micro Computer during the 2nd quarter worth approximately $436,000. Dimensional Fund Advisors LP raised its stake in shares of Super Micro Computer by 0.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 345,830 shares of the company’s stock worth $283,609,000 after purchasing an additional 2,011 shares in the last quarter. Finally, Edgestream Partners L.P. raised its stake in shares of Super Micro Computer by 417.4% during the 2nd quarter. Edgestream Partners L.P. now owns 2,173 shares of the company’s stock worth $1,780,000 after purchasing an additional 1,753 shares in the last quarter. Institutional investors and hedge funds own 84.06% of the company’s stock.

Super Micro Computer Trading Up 0.4 %

NASDAQ:SMCI opened at $31.12 on Friday. Super Micro Computer has a twelve month low of $17.25 and a twelve month high of $122.90. 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 business has a 50 day moving average price of $32.35 and a two-hundred day moving average price of $47.41. The company has a market cap of $17.41 billion, a P/E ratio of 15.62 and a beta of 1.31.

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.