Super Micro Computer (NASDAQ:SMCI) Stock Price Down 1.6% – Should You Sell?

Super Micro Computer, Inc. (NASDAQ:SMCI) dropped 1.6% during mid-day trading on Thursday . The stock traded as low as $35.57 and last traded at $36.43. Approximately 17,506,224 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 72,958,005 shares. The stock had previously closed at $37.04.

Analyst Upgrades and Downgrades

SMCI has been the topic of a number of recent research reports. Northland Capmk upgraded Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. The Goldman Sachs Group cut shares of Super Micro Computer from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $40.00 to $32.00 in a research report on Monday. Northland Securities set a $70.00 target price on Super Micro Computer in a research report on Thursday, March 6th. Wedbush reissued a “hold” rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Finally, Rosenblatt Securities began coverage on Super Micro Computer in a research report on Monday, March 10th. They set a “buy” rating and a $60.00 price objective for the company. Three analysts have rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $53.00.

Super Micro Computer Stock Down 2.4 %

The business has a 50-day simple moving average of $39.19 and a two-hundred day simple moving average of $37.81. 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 company has a market cap of $21.45 billion, a price-to-earnings ratio of 18.13 and a beta of 1.21.

Insider Buying and Selling at Super Micro Computer

In other news, SVP George Kao sold 71,720 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $50.48, for a total value of $3,620,425.60. Following the completion of the transaction, the senior vice president now owns 19,449 shares in the company, valued at approximately $981,785.52. This represents a 78.67 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Charles Liang sold 46,293 shares of Super Micro Computer stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $50.17, for a total transaction of $2,322,519.81. Following the sale, the chief executive officer now owns 67,403,640 shares in the company, valued at approximately $3,381,640,618.80. This trade represents a 0.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 137,473 shares of company stock valued at $6,771,552 in the last ninety days. Company insiders own 17.60% of the company’s stock.

Institutional Investors Weigh In On Super Micro Computer

A number of institutional investors have recently added to or reduced their stakes in the stock. Clear Creek Financial Management LLC acquired a new stake in Super Micro Computer in the 4th quarter valued at $635,000. Nepsis Inc. bought a new position in shares of Super Micro Computer during the fourth quarter valued at $13,625,000. Sanctuary Advisors LLC boosted its position in Super Micro Computer by 254.7% in the third quarter. Sanctuary Advisors LLC now owns 30,634 shares of the company’s stock valued at $12,756,000 after buying an additional 21,997 shares in the last quarter. Fifth Third Bancorp raised its position in Super Micro Computer by 1,476.6% in the 4th quarter. Fifth Third Bancorp now owns 12,266 shares of the company’s stock worth $374,000 after purchasing an additional 11,488 shares during the last quarter. Finally, Bridgewater Associates LP boosted its position in shares of Super Micro Computer by 921.1% in the 3rd quarter. Bridgewater Associates LP now owns 161,104 shares of the company’s stock worth $67,084,000 after purchasing an additional 145,327 shares during the last quarter. 84.06% of the stock is 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.