Super Micro Computer (NASDAQ:SMCI) Shares Up 6.1% - Should You Buy?

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report)'s stock price shot up 6.1% during mid-day trading on Friday . The stock traded as high as $30.09 and last traded at $30.40. 14,622,709 shares changed hands during trading, a decline of 54% from the average session volume of 31,633,107 shares. The stock had previously closed at $28.64.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on SMCI. Argus downgraded Super Micro Computer from a "buy" rating to a "hold" rating in a report on Thursday, October 31st. StockNews.com lowered Super Micro Computer from a "hold" rating to a "sell" rating in a report on Wednesday, October 9th. Wedbush restated a "neutral" rating and issued a $32.00 target price (down previously from $62.00) on shares of Super Micro Computer in a research note on Monday, November 4th. Loop Capital boosted their price target on Super Micro Computer from $35.00 to $40.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. Finally, JPMorgan Chase & Co. downgraded shares of Super Micro Computer from a "neutral" rating to an "underweight" rating and decreased their target price for the stock from $50.00 to $23.00 in a research report on Wednesday, November 6th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $62.89.

Super Micro Computer Stock Performance

The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. The company has a market capitalization of $18.33 billion, a P/E ratio of 15.71 and a beta of 1.30. The stock's 50 day simple moving average is $33.57 and its two-hundred day simple moving average is $41.89.

Institutional Investors Weigh In On Super Micro Computer

Institutional investors have recently made changes to their positions in the stock. Private Trust Co. NA boosted its holdings in Super Micro Computer by 536.6% during the fourth quarter. Private Trust Co. NA now owns 2,451 shares of the company's stock worth $75,000 after buying an additional 2,066 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in 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 purchasing an additional 954 shares in the last quarter. QRG Capital Management Inc. acquired a new stake in Super Micro Computer in the fourth quarter worth $496,000. Proficio Capital Partners LLC bought a new stake in shares of Super Micro Computer in the 4th quarter valued at $1,176,000. Finally, Oppenheimer & Co. Inc. raised its stake in Super Micro Computer by 976.4% during the 4th quarter. Oppenheimer & Co. Inc. now owns 385,552 shares of the company's stock worth $11,752,000 after buying an additional 349,734 shares during the period. 84.06% of the stock is owned by institutional investors and hedge funds.

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.