Super Micro Computer (NASDAQ:SMCI) Stock Price Up 7.2% - Still a Buy?

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) traded up 7.2% during mid-day trading on Monday . The stock traded as high as $39.45 and last traded at $38.89. 42,111,167 shares were traded during mid-day trading, an increase of 9% from the average session volume of 38,559,301 shares. The stock had previously closed at $36.28.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. The Goldman Sachs Group reduced their price objective on shares of 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. Loop Capital upped their target price on shares of Super Micro Computer from $40.00 to $50.00 and gave the company a "buy" rating in a research note on Wednesday. Northland Capmk raised shares of Super Micro Computer to a "strong-buy" rating in a research note on Friday, December 20th. Argus lowered shares of Super Micro Computer from a "buy" rating to a "hold" rating in a report on Thursday, October 31st. Finally, Cfra upgraded shares of Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 target price on the stock in a report on Tuesday. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $60.20.

Super Micro Computer Stock Up 6.6 %

The firm's 50 day simple moving average is $33.48 and its two-hundred day simple moving average is $40.30. The firm has a market cap of $24.76 billion, a price-to-earnings ratio of 21.23 and a beta of 1.30. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32.

Institutional Investors Weigh In On Super Micro Computer

Several hedge funds and other institutional investors have recently made changes to their positions in SMCI. Salem Investment Counselors Inc. bought a new position in Super Micro Computer during the fourth quarter valued at about $30,000. Trust Co. of Vermont grew its holdings in shares of Super Micro Computer by 900.0% in the fourth quarter. Trust Co. of Vermont now owns 1,000 shares of the company's stock worth $30,000 after purchasing an additional 900 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in Super Micro Computer by 2,890.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 987 shares of the company's stock valued at $30,000 after buying an additional 954 shares during the period. Larson Financial Group LLC lifted its position in 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 buying an additional 893 shares during the period. Finally, Toth Financial Advisory Corp purchased a new position in shares of Super Micro Computer in the 4th quarter worth about $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.