Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) shares traded up 4.3% on Tuesday . The company traded as high as $33.49 and last traded at $32.13. 17,967,497 shares traded hands during mid-day trading, a decline of 39% from the average session volume of 29,461,273 shares. The stock had previously closed at $30.82.
Several analysts have weighed in on SMCI shares. Northland Capmk raised Super Micro Computer to a "strong-buy" rating in a report on Friday, December 20th. Barclays reduced their price objective on Super Micro Computer from $438.00 to $42.00 and set an "equal weight" rating on the stock in a research report on Wednesday, October 2nd. Wedbush restated a "neutral" rating and issued a $32.00 target price (down from $62.00) on shares of Super Micro Computer in a report on Monday, November 4th. The Goldman Sachs Group lowered their price target on shares of Super Micro Computer from $67.50 to $28.00 and set a "neutral" rating for the company in a report on Wednesday, November 6th. Finally, Argus cut shares of Super Micro Computer from a "buy" rating to a "hold" rating in a research note on Thursday, October 31st. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $62.89.
View Our Latest Analysis on SMCI
The firm's 50-day moving average price is $33.22 and its 200-day moving average price is $45.58. 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 $18.69 billion, a price-to-earnings ratio of 16.77 and a beta of 1.31.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. New Wave Wealth Advisors LLC purchased a new position in shares of Super Micro Computer in the fourth quarter valued at $42,000. Defender Capital LLC. acquired a new position in Super Micro Computer in the 4th quarter worth $305,000. Forsta AP Fonden acquired a new stake in shares of Super Micro Computer during the fourth quarter valued at about $3,368,000. Griffin Asset Management Inc. purchased a new stake in shares of Super Micro Computer during the fourth quarter worth about $931,000. Finally, Foundations Investment Advisors LLC lifted its stake in shares of Super Micro Computer by 1,431.5% in the fourth quarter. Foundations Investment Advisors LLC now owns 32,269 shares of the company's stock worth $984,000 after acquiring an additional 30,162 shares in the last quarter. Hedge funds and other institutional investors own 84.06% of the company's stock.
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.
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