Super Micro Computer, Inc. (NASDAQ:SMCI) Short Interest Up 18.8% in January

Super Micro Computer, Inc. (NASDAQ:SMCI) was the recipient of a significant growth in short interest in January. As of January 31st, there was short interest totalling 91,660,000 shares, a growth of 18.8% from the January 15th total of 77,150,000 shares. Based on an average daily volume of 71,340,000 shares, the short-interest ratio is currently 1.3 days.

Institutional Trading of Super Micro Computer

Several large investors have recently made changes to their positions in the business. Salem Investment Counselors Inc. acquired a new position in Super Micro Computer during the 4th quarter worth about $30,000. Trust Co. of Vermont lifted its position in shares of Super Micro Computer by 900.0% during 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 in the last quarter. Parkside Financial Bank & Trust grew its stake in shares of 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 purchasing an additional 954 shares during the last quarter. Larson Financial Group LLC raised its position in Super Micro Computer by 902.0% in the 4th quarter. Larson Financial Group LLC now owns 992 shares of the company’s stock worth $30,000 after purchasing an additional 893 shares during the last quarter. Finally, Toth Financial Advisory Corp bought a new stake in shares of Super Micro Computer during the fourth quarter worth $31,000. Institutional investors own 84.06% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SMCI. Northland Securities reaffirmed an “outperform” rating and set a $57.00 price target (up from $54.00) on shares of Super Micro Computer in a research note on Wednesday, February 12th. Wedbush raised their target price on Super Micro Computer from $24.00 to $40.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Northland Capmk raised shares of Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. JPMorgan Chase & Co. upped their price objective on shares of Super Micro Computer from $23.00 to $35.00 and gave the company an “underweight” rating in a research report on Wednesday, February 12th. Finally, 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 report on Wednesday, November 6th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $60.20.

Super Micro Computer Price Performance

Shares of NASDAQ SMCI traded up $5.63 during mid-day trading on Monday, hitting $47.91. 132,026,965 shares of the stock were exchanged, compared to its average volume of 35,788,788. The company has a market cap of $28.05 billion, a P/E ratio of 24.05 and a beta of 1.30. Super Micro Computer has a twelve month low of $17.25 and a twelve month high of $122.90. The stock’s fifty day simple moving average is $33.59 and its two-hundred day simple moving average is $39.97. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77.

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.