Super Micro Computer (NASDAQ:SMCI) Trading 1.5% Higher – Time to Buy?

Super Micro Computer, Inc. (NASDAQ:SMCI) rose 1.5% on Thursday . The stock traded as high as $31.39 and last traded at $30.93. Approximately 8,216,695 shares were traded during trading, a decline of 90% from the average daily volume of 82,106,219 shares. The stock had previously closed at $30.48.

Analyst Upgrades and Downgrades

SMCI has been the topic of several recent research reports. Loop Capital decreased their price objective 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. JPMorgan Chase & Co. downgraded shares of Super Micro Computer from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $50.00 to $23.00 in a research note on Wednesday, November 6th. Wedbush reiterated a “neutral” rating and set a $32.00 price objective (down previously from $62.00) on shares of Super Micro Computer in a research report on Monday, November 4th. StockNews.com downgraded shares of Super Micro Computer from a “hold” rating to a “sell” rating in a report on Wednesday, October 9th. Finally, Barclays lowered their price target on shares of Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating for the company in a report on Wednesday, October 2nd. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $66.89.

Super Micro Computer Trading Up 10.9 %

The stock’s 50-day moving average price is $32.35 and its 200 day moving average price is $51.02. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. The firm has a market capitalization of $18.64 billion, a PE ratio of 16.73 and a beta of 1.29.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Rakuten Securities Inc. lifted its position in shares of Super Micro Computer by 391.8% in the 3rd quarter. Rakuten Securities Inc. now owns 76,660 shares of the company’s stock worth $31,921,000 after purchasing an additional 61,071 shares during the period. Assetmark Inc. raised its stake in Super Micro Computer by 164.8% in the third quarter. Assetmark Inc. now owns 150,333 shares of the company’s stock worth $62,599,000 after buying an additional 93,569 shares in the last quarter. Sanctuary Advisors LLC lifted its holdings in Super Micro Computer by 254.7% during the third quarter. Sanctuary Advisors LLC now owns 30,634 shares of the company’s stock worth $12,756,000 after buying an additional 21,997 shares during the period. Bridgewater Associates LP boosted its position in Super Micro Computer by 921.1% during the 3rd quarter. Bridgewater Associates LP now owns 161,104 shares of the company’s stock valued at $67,084,000 after acquiring an additional 145,327 shares in the last quarter. Finally, Tidal Investments LLC increased its holdings in shares of Super Micro Computer by 143.8% in the 3rd quarter. Tidal Investments LLC now owns 50,355 shares of the company’s stock valued at $20,968,000 after acquiring an additional 29,697 shares during the period. Hedge funds and other institutional investors 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.