Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) saw a large increase in short interest in January. As of January 31st, there was short interest totalling 91,660,000 shares, an increase of 18.8% from the January 15th total of 77,150,000 shares. Based on an average daily trading volume, of 71,340,000 shares, the short-interest ratio is currently 1.3 days.
A number of research firms recently weighed in on SMCI. Argus lowered Super Micro Computer from a "buy" rating to a "hold" rating in a research report on Thursday, October 31st. Northland Securities reaffirmed an "outperform" rating and set a $57.00 price objective (up previously from $54.00) on shares of Super Micro Computer in a research report on Wednesday. Wedbush raised their price objective on Super Micro Computer from $24.00 to $40.00 and gave the company a "neutral" rating in a research report on Wednesday. Cfra raised 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. Finally, Northland Capmk upgraded Super Micro Computer to a "strong-buy" rating in a research note on Friday, December 20th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $60.20.
View Our Latest Report on Super Micro Computer
NASDAQ:SMCI traded up $5.63 on Friday, reaching $47.91. 132,026,965 shares of the company's stock traded hands, compared to its average volume of 35,788,788. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. The stock has a 50-day simple moving average of $33.59 and a 200-day simple moving average of $40.37. The firm has a market cap of $28.05 billion, a PE ratio of 24.05 and a beta of 1.30. Super Micro Computer has a 12 month low of $17.25 and a 12 month high of $122.90.
A number of institutional investors and hedge funds have recently bought and sold shares of SMCI. Exchange Traded Concepts LLC raised its holdings in Super Micro Computer by 276.9% during the third quarter. Exchange Traded Concepts LLC now owns 1,779 shares of the company's stock valued at $741,000 after acquiring an additional 1,307 shares during the period. Creative Planning increased its holdings in shares of Super Micro Computer by 9.1% in the third quarter. Creative Planning now owns 9,038 shares of the company's stock worth $3,763,000 after purchasing an additional 755 shares during the last quarter. Vontobel Holding Ltd. increased its holdings in shares of Super Micro Computer by 165.4% in the third quarter. Vontobel Holding Ltd. now owns 4,568 shares of the company's stock worth $1,902,000 after purchasing an additional 2,847 shares during the last quarter. Good Life Advisors LLC increased its holdings in shares of Super Micro Computer by 114.8% in the third quarter. Good Life Advisors LLC now owns 1,366 shares of the company's stock worth $569,000 after purchasing an additional 730 shares during the last quarter. Finally, Optimum Investment Advisors increased its holdings in shares of Super Micro Computer by 48.2% in the third quarter. Optimum Investment Advisors now owns 1,718 shares of the company's stock worth $715,000 after purchasing an additional 559 shares during the last quarter. 84.06% of the stock is owned by institutional investors.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you make your next trade, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.
Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.
They believe these five stocks are the five best companies for investors to buy now...
See The Five Stocks Here
Before you consider Super Micro Computer, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Super Micro Computer wasn't on the list.
While Super Micro Computer currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.