Super Micro Computer (NASDAQ:SMCI) Shares Gap Up – Time to Buy?

Super Micro Computer, Inc. (NASDAQ:SMCI)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $45.54, but opened at $55.02. Super Micro Computer shares last traded at $55.86, with a volume of 46,141,825 shares changing hands.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SMCI. Northland Securities restated an “outperform” rating and issued a $57.00 price target (up previously from $54.00) on shares of Super Micro Computer in a research report on Wednesday, February 12th. JPMorgan Chase & Co. boosted their target price on shares of Super Micro Computer from $23.00 to $35.00 and gave the company an “underweight” rating in a report on Wednesday, February 12th. Cfra raised shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research report on Tuesday, February 11th. Wedbush reissued a “hold” rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Finally, Northland Capmk raised Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $60.73.

Super Micro Computer Trading Up 19.1 %

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 firm has a market capitalization of $31.76 billion, a P/E ratio of 27.13 and a beta of 1.30. The firm has a 50 day simple moving average of $35.82 and a two-hundred day simple moving average of $39.65.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SMCI. Salem Investment Counselors Inc. bought a new stake in Super Micro Computer in the 4th quarter worth about $30,000. Trust Co. of Vermont boosted its stake in shares of Super Micro Computer by 900.0% in the 4th quarter. Trust Co. of Vermont now owns 1,000 shares of the company’s stock worth $30,000 after buying an additional 900 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of Super Micro Computer by 2,890.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 987 shares of the company’s stock valued at $30,000 after acquiring an additional 954 shares in the last quarter. Larson Financial Group LLC increased its position in shares of Super Micro Computer by 902.0% during the fourth quarter. Larson Financial Group LLC now owns 992 shares of the company’s stock valued at $30,000 after acquiring an additional 893 shares during the last quarter. Finally, Toth Financial Advisory Corp bought a new stake in Super Micro Computer during the fourth quarter worth $31,000. 84.06% of the stock is 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.