Super Micro Computer (NASDAQ:SMCI) Sees Large Volume Increase – Time to Buy?

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) saw unusually-high trading volume on Wednesday . Approximately 49,982,617 shares changed hands during mid-day trading, a decline of 14% from the previous session’s volume of 57,796,996 shares.The stock last traded at $57.85 and had previously closed at $55.80.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on SMCI shares. 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. Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a report 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. Wedbush raised their target price on shares of Super Micro Computer from $24.00 to $40.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Finally, Loop Capital raised their target price on shares of Super Micro Computer from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $60.20.

Super Micro Computer Stock Up 12.5 %

The company has a market capitalization of $36.76 billion, a PE ratio of 31.52 and a beta of 1.30. 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 business’s 50 day simple moving average is $33.97 and its 200 day simple moving average is $39.74.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in SMCI. CTC Alternative Strategies Ltd. bought a new position in shares of Super Micro Computer during the 4th quarter valued at about $799,000. Public Employees Retirement System of Ohio bought a new position in shares of Super Micro Computer during the fourth quarter worth about $5,374,000. GTS Securities LLC grew its stake in Super Micro Computer by 121.4% in the fourth quarter. GTS Securities LLC now owns 15,934 shares of the company’s stock valued at $486,000 after acquiring an additional 90,303 shares during the period. Fourth Dimension Wealth LLC purchased a new position in shares of Super Micro Computer during the fourth quarter valued at approximately $42,000. Finally, Delta Investment Management LLC raised its stake in shares of Super Micro Computer by 979.4% in the fourth quarter. Delta Investment Management LLC now owns 11,064 shares of the company’s stock valued at $337,000 after buying an additional 10,039 shares during the period. 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.