Super Micro Computer (NASDAQ:SMCI) Trading 0.7% Higher – Still a Buy?

Super Micro Computer, Inc. (NASDAQ:SMCI)’s share price rose 0.7% during mid-day trading on Wednesday . The stock traded as high as $41.82 and last traded at $40.49. Approximately 36,190,770 shares traded hands during mid-day trading, a decline of 57% from the average daily volume of 83,743,203 shares. The stock had previously closed at $40.21.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. The Goldman Sachs Group reduced 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 report on Wednesday, November 6th. JPMorgan Chase & Co. downgraded shares of Super Micro Computer from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $50.00 to $23.00 in a research report on Wednesday, November 6th. StockNews.com downgraded shares of Super Micro Computer from a “hold” rating to a “sell” rating in a report on Wednesday, October 9th. Bank of America cut shares of Super Micro Computer from a “buy” rating to a “neutral” rating and decreased their target price for the company from $109.00 to $70.00 in a research note on Wednesday, August 7th. Finally, Argus cut shares of Super Micro Computer from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $66.89.

Super Micro Computer Trading Up 3.2 %

The company’s fifty day moving average price is $37.23 and its two-hundred day moving average price is $58.69. 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 company has a market cap of $23.21 billion, a price-to-earnings ratio of 20.33 and a beta of 1.29.

Institutional Trading of Super Micro Computer

A number of institutional investors have recently modified their holdings of the company. Atria Investments Inc bought a new stake in Super Micro Computer in the 1st quarter valued at about $1,007,000. Mather Group LLC. bought a new position in shares of Super Micro Computer during the 2nd quarter worth approximately $122,000. Fulton Bank N.A. increased its holdings in Super Micro Computer by 4.7% in the 2nd quarter. Fulton Bank N.A. now owns 425 shares of the company’s stock worth $348,000 after acquiring an additional 19 shares during the last quarter. Park Avenue Securities LLC grew its holdings in Super Micro Computer by 60.9% during the 2nd quarter. Park Avenue Securities LLC now owns 1,099 shares of the company’s stock valued at $900,000 after buying an additional 416 shares in the last quarter. Finally, CWM LLC grew its stake in Super Micro Computer by 6.0% in the 2nd quarter. CWM LLC now owns 2,483 shares of the company’s stock worth $2,034,000 after buying an additional 141 shares in the last quarter. 84.06% of the stock is currently owned by institutional investors.

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.