Super Micro Computer (NASDAQ:SMCI) Sees Strong Trading Volume – Here’s What Happened

Super Micro Computer, Inc. (NASDAQ:SMCI) shares saw unusually-strong trading volume on Monday . Approximately 32,764,087 shares changed hands during trading, a decline of 14% from the previous session’s volume of 38,112,133 shares.The stock last traded at $39.17 and had previously closed at $36.28.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Northland Securities reaffirmed an “outperform” rating and set a $57.00 target price (up from $54.00) on shares of Super Micro Computer in a research report on Wednesday. JPMorgan Chase & Co. lifted their target price on Super Micro Computer from $23.00 to $35.00 and gave the company an “underweight” rating in a research note on Wednesday. The Goldman Sachs Group decreased 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. Argus lowered shares of Super Micro Computer from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Finally, Northland Capmk raised shares of Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Super Micro Computer has an average rating of “Hold” and an average target price of $60.20.

Super Micro Computer Stock Up 2.8 %

The business has a 50 day moving average price of $33.53 and a 200 day moving average price of $40.52. The firm has a market capitalization of $23.24 billion, a P/E ratio of 19.92 and a beta of 1.30. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Vanguard Group Inc. increased its position in Super Micro Computer by 908.4% during the fourth quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company’s stock worth $1,889,531,000 after acquiring an additional 55,845,073 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Super Micro Computer by 968.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,651,134 shares of the company’s stock worth $111,287,000 after purchasing an additional 3,309,398 shares during the period. Bank of New York Mellon Corp raised its position in shares of Super Micro Computer by 798.1% during the fourth quarter. Bank of New York Mellon Corp now owns 2,944,620 shares of the company’s stock valued at $89,752,000 after buying an additional 2,616,757 shares during the last quarter. Swiss National Bank grew its position in Super Micro Computer by 851.9% during the fourth quarter. Swiss National Bank now owns 1,488,800 shares of the company’s stock worth $45,379,000 after buying an additional 1,332,400 shares in the last quarter. Finally, Amundi bought a new position in Super Micro Computer during the fourth quarter valued at about $41,563,000. 84.06% of the stock is currently 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.