Super Micro Computer (NASDAQ:SMCI) Shares Up 1% - Time to Buy?

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) shares traded up 1% during mid-day trading on Thursday . The company traded as high as $28.63 and last traded at $28.07. 7,242,454 shares traded hands during mid-day trading, a decline of 77% from the average session volume of 31,838,777 shares. The stock had previously closed at $27.80.

Wall Street Analysts Forecast Growth

A number of analysts have commented on SMCI shares. Loop Capital upped their target price on shares of Super Micro Computer from $35.00 to $40.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. The Goldman Sachs Group reduced their price objective on Super Micro Computer from $67.50 to $28.00 and set a "neutral" rating for the company in a research note on Wednesday, November 6th. Argus lowered Super Micro Computer from a "buy" rating to a "hold" rating in a report on Thursday, October 31st. JPMorgan Chase & Co. cut shares of Super Micro Computer from a "neutral" rating to an "underweight" rating and lowered their target price for the company from $50.00 to $23.00 in a research note on Wednesday, November 6th. Finally, Northland Capmk raised Super Micro Computer to a "strong-buy" rating in a research note on Friday, December 20th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Super Micro Computer presently has a consensus rating of "Hold" and an average target price of $62.89.

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 firm has a 50 day moving average price of $33.68 and a 200 day moving average price of $42.25. The stock has a market cap of $17.08 billion, a PE ratio of 14.64 and a beta of 1.31.

Institutional Investors Weigh In On Super Micro Computer

Large investors have recently modified their holdings of the business. Rakuten Securities Inc. increased its holdings in Super Micro Computer by 391.8% during the third quarter. Rakuten Securities Inc. now owns 76,660 shares of the company's stock valued at $31,921,000 after buying an additional 61,071 shares during the period. Assetmark Inc. increased its holdings in shares of Super Micro Computer by 164.8% in the 3rd quarter. Assetmark Inc. now owns 150,333 shares of the company's stock valued at $62,599,000 after acquiring an additional 93,569 shares during the period. Clear Creek Financial Management LLC purchased a new position in shares of Super Micro Computer in the 4th quarter valued at $635,000. Nepsis Inc. bought a new position in shares of Super Micro Computer in the 4th quarter worth $13,625,000. Finally, Sanctuary Advisors LLC lifted its stake in shares of Super Micro Computer by 254.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 30,634 shares of the company's stock worth $12,756,000 after purchasing an additional 21,997 shares during the last quarter. Institutional investors own 84.06% of the company's stock.

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.