Super Micro Computer, Inc. (NASDAQ:SMCI) Short Interest Update

Super Micro Computer, Inc. (NASDAQ:SMCI) saw a significant growth in short interest in January. As of January 31st, there was short interest totalling 91,660,000 shares, a growth of 18.8% from the January 15th total of 77,150,000 shares. Based on an average daily volume of 71,340,000 shares, the short-interest ratio is currently 1.3 days.

Institutional Trading of Super Micro Computer

Several large investors have recently made changes to their positions in SMCI. Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Super Micro Computer during the third quarter valued at about $87,000. Wealth Effects LLC grew its holdings in Super Micro Computer by 90.7% during the 3rd quarter. Wealth Effects LLC now owns 515 shares of the company’s stock worth $214,000 after acquiring an additional 245 shares during the period. 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 purchasing an additional 258 shares during the period. TrueWealth Advisors LLC grew its stake in Super Micro Computer by 99.0% during the third quarter. TrueWealth Advisors LLC now owns 593 shares of the company’s stock worth $247,000 after purchasing an additional 295 shares during the period. Finally, Wahed Invest LLC grew its position in shares of Super Micro Computer by 2.9% during the 4th quarter. Wahed Invest LLC now owns 12,362 shares of the company’s stock worth $377,000 after buying an additional 352 shares during the period. Institutional investors and hedge funds own 84.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on SMCI shares. The Goldman Sachs Group dropped their target price on Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating on the stock in a report on Wednesday, November 6th. Wedbush increased their target price on shares of Super Micro Computer from $24.00 to $40.00 and gave the stock a “neutral” rating in a research report on Wednesday. Northland Capmk raised Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. JPMorgan Chase & Co. raised their target price on shares of Super Micro Computer from $23.00 to $35.00 and gave the company an “underweight” rating in a research note on Wednesday. Finally, Northland Securities reaffirmed an “outperform” rating and issued a $57.00 target price (up previously from $54.00) on shares of Super Micro Computer in a report on Wednesday. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, five have given 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 a consensus rating of “Hold” and an average price target of $60.20.

Super Micro Computer Stock Up 13.3 %

SMCI traded up $5.63 during trading on Friday, reaching $47.91. 132,026,965 shares of the stock were exchanged, compared to its average volume of 35,788,788. The stock has a market cap of $28.05 billion, a P/E ratio of 24.05 and a beta of 1.30. Super Micro Computer has a twelve month low of $17.25 and a twelve month high of $122.90. The stock’s 50 day moving average price is $33.59 and its two-hundred day moving average price is $40.16. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77.

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.