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

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report)'s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $47.91, but opened at $51.00. Super Micro Computer shares last traded at $54.95, with a volume of 46,346,488 shares trading hands.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Northland Securities reiterated an "outperform" rating and set a $57.00 price objective (up previously from $54.00) on shares of Super Micro Computer in a research note on Wednesday, February 12th. Loop Capital boosted their price target on Super Micro Computer from $40.00 to $50.00 and gave the stock a "buy" rating in a research note on Wednesday, February 12th. Wedbush boosted their price target on Super Micro Computer from $24.00 to $40.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. Cfra raised Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 price target for the company in a report on Tuesday, February 11th. Finally, The Goldman Sachs Group cut their price target on Super Micro Computer from $67.50 to $28.00 and set a "neutral" rating for the company in a report on Wednesday, November 6th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $60.20.

Super Micro Computer Stock Performance

The company has a market cap of $32.83 billion, a P/E ratio of 28.15 and a beta of 1.30. The firm has a 50 day moving average of $34.83 and a 200-day moving average of $39.86. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Creative Planning boosted its position in Super Micro Computer by 9.1% during the 3rd quarter. Creative Planning now owns 9,038 shares of the company's stock valued at $3,763,000 after acquiring an additional 755 shares in the last quarter. Foundations Investment Advisors LLC lifted its holdings in shares of Super Micro Computer by 24.8% during the 3rd quarter. Foundations Investment Advisors LLC now owns 2,107 shares of the company's stock valued at $877,000 after purchasing an additional 419 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of Super Micro Computer by 47.4% during the 3rd quarter. Signaturefd LLC now owns 1,191 shares of the company's stock valued at $496,000 after purchasing an additional 383 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Super Micro Computer by 63,634.1% during the 3rd quarter. International Assets Investment Management LLC now owns 916,496 shares of the company's stock valued at $381,629,000 after purchasing an additional 915,058 shares during the last quarter. Finally, Global Assets Advisory LLC purchased a new stake in shares of Super Micro Computer during the 3rd quarter valued at $11,888,000. 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.