Super Micro Computer, Inc. (NASDAQ:SMCI) Short Interest Down 13.8% in December

Super Micro Computer, Inc. (NASDAQ:SMCI) saw a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 78,960,000 shares, a drop of 13.8% from the December 15th total of 91,570,000 shares. Based on an average trading volume of 76,450,000 shares, the short-interest ratio is currently 1.0 days.

Super Micro Computer Price Performance

NASDAQ SMCI traded down $0.30 during midday trading on Friday, hitting $30.82. The company had a trading volume of 24,271,941 shares, compared to its average volume of 36,148,280. The company has a market capitalization of $17.24 billion, a PE ratio of 15.47 and a beta of 1.31. Super Micro Computer has a twelve month low of $17.25 and a twelve month high of $122.90. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. The firm has a 50-day moving average price of $32.59 and a 200-day moving average price of $47.18.

Analyst Ratings Changes

SMCI has been the topic of a number of research analyst reports. StockNews.com cut shares of Super Micro Computer from a “hold” rating to a “sell” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. cut Super Micro Computer from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $50.00 to $23.00 in a research report on Wednesday, November 6th. Wedbush reissued a “neutral” rating and set a $32.00 target price (down from $62.00) on shares of Super Micro Computer in a report on Monday, November 4th. Barclays dropped their price target on Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 2nd. Finally, Argus cut shares of Super Micro Computer from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $66.89.

Institutional Investors Weigh In On Super Micro Computer

Several institutional investors and hedge funds have recently bought and sold shares of the company. State Street Corp raised its position in shares of Super Micro Computer by 4.3% in the 3rd quarter. State Street Corp now owns 2,138,142 shares of the company’s stock valued at $890,322,000 after buying an additional 88,692 shares in the last quarter. Geode Capital Management LLC raised its position in Super Micro Computer by 1.3% during the third quarter. Geode Capital Management LLC now owns 1,266,040 shares of the company’s stock valued at $529,753,000 after purchasing an additional 16,007 shares in the last quarter. Disciplined Growth Investors Inc. MN lifted its stake in Super Micro Computer by 3.1% during the third quarter. Disciplined Growth Investors Inc. MN now owns 1,043,469 shares of the company’s stock worth $434,500,000 after purchasing an additional 31,064 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Super Micro Computer by 63,634.1% in 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. Finally, Dimensional Fund Advisors LP increased its stake in shares of Super Micro Computer by 0.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 345,830 shares of the company’s stock valued at $283,609,000 after purchasing an additional 2,011 shares during the last quarter. Institutional investors own 84.06% of the company’s stock.

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.