Super Micro Computer (NASDAQ:SMCI) Trading 3.9% Higher – Should You Buy?

Super Micro Computer, Inc. (NASDAQ:SMCI) rose 3.9% during mid-day trading on Tuesday . The stock traded as high as $35.62 and last traded at $35.59. Approximately 14,159,958 shares changed hands during trading, a decline of 81% from the average daily volume of 73,211,311 shares. The stock had previously closed at $34.24.

Wall Street Analyst Weigh In

SMCI has been the subject of a number of research reports. Northland Securities set a $70.00 target price on shares of Super Micro Computer in a report on Thursday, March 6th. Cfra raised Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a report on Tuesday, February 11th. JPMorgan Chase & Co. raised Super Micro Computer from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $35.00 to $45.00 in a research report on Friday, March 21st. StockNews.com raised shares of Super Micro Computer to a “sell” rating in a report on Friday, February 28th. Finally, The Goldman Sachs Group downgraded shares of Super Micro Computer from a “neutral” rating to a “sell” rating and lowered their price target for the company from $40.00 to $32.00 in a report on Monday, March 24th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $53.00.

Super Micro Computer Trading Up 2.9 %

The company has a 50-day moving average of $39.40 and a 200 day moving average of $37.65. 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 cap of $20.91 billion, a PE ratio of 17.71 and a beta of 1.21.

Insider Transactions at Super Micro Computer

In related news, SVP George Kao sold 71,720 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $50.48, for a total value of $3,620,425.60. Following the transaction, the senior vice president now owns 19,449 shares of the company’s stock, valued at $981,785.52. This represents a 78.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert L. Blair sold 19,460 shares of Super Micro Computer stock in a transaction on Friday, February 28th. The shares were sold at an average price of $42.58, for a total value of $828,606.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 137,473 shares of company stock worth $6,771,552. 17.60% of the stock is currently owned by company insiders.

Institutional Trading of Super Micro Computer

Several institutional investors and hedge funds have recently made changes to their positions in SMCI. Vanguard Group Inc. raised its holdings in shares of Super Micro Computer by 908.4% in the 4th quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company’s stock valued at $1,889,531,000 after purchasing an additional 55,845,073 shares in the last quarter. Geode Capital Management LLC raised its stake in Super Micro Computer by 914.7% in the fourth quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company’s stock worth $390,572,000 after buying an additional 11,580,677 shares in the last quarter. FMR LLC purchased a new stake in Super Micro Computer during the fourth quarter worth $292,869,000. Invesco Ltd. boosted its position in Super Micro Computer by 929.5% during the 4th quarter. Invesco Ltd. now owns 7,542,742 shares of the company’s stock valued at $229,903,000 after acquiring an additional 6,810,082 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Super Micro Computer by 1,573.8% in the 4th quarter. Northern Trust Corp now owns 4,897,876 shares of the company’s stock valued at $149,287,000 after acquiring an additional 4,605,260 shares during the period. 84.06% of the stock is currently 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.