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

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

Institutional Trading of Super Micro Computer

Several large investors have recently modified their holdings of the stock. Prairiewood Capital LLC acquired a new stake in shares of Super Micro Computer during the 4th quarter worth $457,000. Diversify Advisory Services LLC acquired a new stake in shares of Super Micro Computer during the 4th quarter worth $5,113,000. Annex Advisory Services LLC acquired a new stake in shares of Super Micro Computer during the 4th quarter worth $6,708,000. Lbmc Investment Advisors LLC acquired a new stake in shares of Super Micro Computer during the 4th quarter worth $344,000. Finally, Trust Co. of Vermont grew its holdings in shares of Super Micro Computer by 900.0% during the 4th quarter. Trust Co. of Vermont now owns 1,000 shares of the company’s stock worth $30,000 after purchasing an additional 900 shares in the last quarter. 84.06% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on SMCI shares. Loop Capital dropped their price target on Super Micro Computer from $150.00 to $100.00 and set a “buy” rating on the stock in a research note on Monday, September 23rd. Barclays dropped their price target on 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. The Goldman Sachs Group dropped their price target on 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. Argus cut Super Micro Computer from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Finally, StockNews.com cut Super Micro Computer from a “hold” rating to a “sell” rating in a research note on Wednesday, October 9th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $66.89.

Super Micro Computer Stock Performance

SMCI opened at $31.12 on Friday. The firm has a market cap of $17.41 billion, a P/E ratio of 15.62 and a beta of 1.31. Super Micro Computer has a 52-week low of $17.25 and a 52-week high of $122.90. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. The business’s fifty day moving average is $32.35 and its 200-day moving average is $47.41.

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.