Super Micro Computer (NASDAQ:SMCI) Stock Price Up 20.4% – What’s Next?

Super Micro Computer, Inc. (NASDAQ:SMCI) traded up 20.4% during trading on Wednesday . The stock traded as high as $56.19 and last traded at $54.84. 68,888,401 shares traded hands during trading, a decline of 7% from the average session volume of 73,992,875 shares. The stock had previously closed at $45.54.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on SMCI. JPMorgan Chase & Co. raised their target price on shares of Super Micro Computer from $23.00 to $35.00 and gave the stock an “underweight” rating in a research note on Wednesday, February 12th. Cfra upgraded Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research report on Tuesday, February 11th. The Goldman Sachs Group raised their price objective on shares of Super Micro Computer from $32.00 to $36.00 and gave the stock a “neutral” rating in a research report on Monday. Loop Capital reiterated a “buy” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Finally, Argus downgraded shares of Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Three 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 company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $60.73.

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 firm has a 50 day simple moving average of $35.82 and a 200-day simple moving average of $39.65. The company has a market cap of $31.16 billion, a price-to-earnings ratio of 26.66 and a beta of 1.30.

Institutional Trading of Super Micro Computer

A number of large investors have recently made changes to their positions in the company. Salem Investment Counselors Inc. purchased a new stake in Super Micro Computer in the 4th quarter valued at approximately $30,000. Trust Co. of Vermont boosted its holdings in shares of Super Micro Computer by 900.0% in the 4th quarter. Trust Co. of Vermont now owns 1,000 shares of the company’s stock valued at $30,000 after purchasing an additional 900 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of Super Micro Computer by 2,890.9% in the 4th 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. Larson Financial Group LLC raised its stake in shares of Super Micro Computer by 902.0% in the 4th quarter. Larson Financial Group LLC now owns 992 shares of the company’s stock valued at $30,000 after acquiring an additional 893 shares during the period. Finally, Toth Financial Advisory Corp purchased a new stake in shares of Super Micro Computer during the fourth quarter valued at approximately $31,000. 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.