Super Micro Computer (NASDAQ:SMCI) Shares Gap Up – What’s Next?

Super Micro Computer, Inc. (NASDAQ:SMCI) shares gapped up before the market opened on Wednesday . The stock had previously closed at $32.45, but opened at $33.98. Super Micro Computer shares last traded at $34.86, with a volume of 8,618,375 shares.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. StockNews.com cut Super Micro Computer from a “hold” rating to a “sell” rating in a research note on Wednesday, October 9th. Argus downgraded shares of Super Micro Computer from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. Wedbush reissued 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. Finally, Barclays dropped their target price 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. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $66.89.

Super Micro Computer Price Performance

The firm has a market cap of $18.85 billion, a price-to-earnings ratio of 16.92 and a beta of 1.31. The stock’s 50-day moving average price is $32.95 and its 200 day moving average price is $45.94. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32.

Institutional Trading of Super Micro Computer

Several large investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC increased its holdings in Super Micro Computer by 63,634.1% during the 3rd quarter. International Assets Investment Management LLC now owns 916,496 shares of the company’s stock valued at $381,629,000 after purchasing an additional 915,058 shares in the last quarter. Nepsis Inc. bought a new stake in shares of Super Micro Computer during the fourth quarter worth $13,625,000. Annex Advisory Services LLC acquired a new stake in shares of Super Micro Computer in the fourth quarter valued at $6,708,000. Diversify Advisory Services LLC bought a new position in shares of Super Micro Computer in the fourth quarter valued at about $5,113,000. Finally, Bridgewater Associates LP lifted its position in Super Micro Computer by 921.1% during the 3rd quarter. Bridgewater Associates LP now owns 161,104 shares of the company’s stock worth $67,084,000 after buying an additional 145,327 shares in the last quarter. 84.06% of the stock is owned by institutional investors.

Super Micro Computer Company Profile

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.