Super Micro Computer (NASDAQ:SMCI) Trading Up 2.8% on Analyst Upgrade

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) shot up 2.8% during mid-day trading on Friday after Loop Capital raised their price target on the stock from $35.00 to $40.00. Loop Capital currently has a buy rating on the stock. Super Micro Computer traded as high as $34.70 and last traded at $34.36. 13,967,897 shares changed hands during mid-day trading, a decline of 54% from the average session volume of 30,618,381 shares. The stock had previously closed at $33.41.

A number of other analysts have also recently weighed in on the company. Argus cut Super Micro Computer from a "buy" rating to a "hold" rating in a research report on Thursday, October 31st. Wedbush reaffirmed a "neutral" rating and set a $32.00 target price (down from $62.00) on shares of Super Micro Computer in a report on Monday, November 4th. Barclays reduced their price objective on Super Micro Computer from $438.00 to $42.00 and set an "equal weight" rating for the company in a research note on Wednesday, October 2nd. Northland Capmk upgraded shares of Super Micro Computer to a "strong-buy" rating in a research report on Friday, December 20th. Finally, StockNews.com downgraded Super Micro Computer from a "hold" rating to a "sell" rating in a report on Wednesday, October 9th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $62.89.

Institutional Trading of Super Micro Computer

Several institutional investors have recently made changes to their positions in the business. Kathmere Capital Management LLC lifted its stake in Super Micro Computer by 5.0% during the second quarter. Kathmere Capital Management LLC now owns 379 shares of the company's stock worth $311,000 after purchasing an additional 18 shares during the period. Anchor Investment Management LLC lifted its holdings in shares of Super Micro Computer by 13.7% during the second quarter. Anchor Investment Management LLC now owns 324 shares of the company's stock valued at $265,000 after acquiring an additional 39 shares during the period. Sunbelt Securities Inc. lifted its holdings in shares of Super Micro Computer by 4.6% during the second quarter. Sunbelt Securities Inc. now owns 2,010 shares of the company's stock valued at $1,647,000 after acquiring an additional 88 shares during the period. Dorsey Wright & Associates boosted its stake in shares of Super Micro Computer by 1.3% in the 2nd quarter. Dorsey Wright & Associates now owns 7,224 shares of the company's stock valued at $5,919,000 after purchasing an additional 90 shares in the last quarter. Finally, Daymark Wealth Partners LLC increased its position in shares of Super Micro Computer by 50.5% during the 2nd quarter. Daymark Wealth Partners LLC now owns 301 shares of the company's stock worth $247,000 after purchasing an additional 101 shares in the last quarter. 84.06% of the stock is currently owned by institutional investors and hedge funds.

Super Micro Computer Stock Performance

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 stock has a market capitalization of $18.61 billion, a price-to-earnings ratio of 16.70 and a beta of 1.31. The stock's 50-day simple moving average is $33.53 and its 200 day simple moving average is $45.50.

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.