Super Micro Computer (NASDAQ:SMCI) Sees Unusually-High Trading Volume – Should You Buy?

Super Micro Computer, Inc. (NASDAQ:SMCI) shares saw strong trading volume on Monday . 16,588,282 shares traded hands during mid-day trading, a decline of 24% from the previous session’s volume of 21,758,871 shares.The stock last traded at $38.17 and had previously closed at $33.33.

Analyst Ratings Changes

Several analysts recently issued reports on SMCI shares. Loop Capital dropped 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. Northland Capmk raised Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. Barclays lowered their target price on shares of 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. The Goldman Sachs Group cut their price target on shares of Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating for the company in a research note on Wednesday, November 6th. Finally, Wedbush restated a “neutral” rating and set a $32.00 price objective (down from $62.00) on shares of Super Micro Computer in a research note on Monday, November 4th. Three equities research 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 company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $66.89.

Super Micro Computer Stock Down 5.1 %

The stock has a fifty day moving average price of $31.83 and a two-hundred day moving average price of $49.67. The company has a market cap of $18.24 billion, a price-to-earnings ratio of 16.37 and a beta of 1.31. 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

A number of institutional investors and hedge funds have recently made changes to their positions in SMCI. Rise Advisors LLC boosted its stake in shares of Super Micro Computer by 909.5% in the fourth quarter. Rise Advisors LLC now owns 1,696 shares of the company’s stock valued at $52,000 after buying an additional 1,528 shares during the period. Kings Path Partners LLC grew its holdings in shares of Super Micro Computer by 976.9% during the 4th quarter. Kings Path Partners LLC now owns 14,000 shares of the company’s stock worth $427,000 after purchasing an additional 12,700 shares in the last quarter. Everence Capital Management Inc. increased its position in shares of Super Micro Computer by 1,366.0% in the fourth quarter. Everence Capital Management Inc. now owns 15,540 shares of the company’s stock worth $474,000 after purchasing an additional 14,480 shares during the period. GAMMA Investing LLC raised its stake in Super Micro Computer by 1,160.6% in the fourth quarter. GAMMA Investing LLC now owns 6,341 shares of the company’s stock valued at $193,000 after purchasing an additional 5,838 shares in the last quarter. Finally, Retirement Systems of Alabama grew its stake in Super Micro Computer by 2.3% during the third quarter. Retirement Systems of Alabama now owns 11,367 shares of the company’s stock worth $4,733,000 after buying an additional 258 shares in the last quarter. 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.