Super Micro Computer (NASDAQ:SMCI) Stock Price Down 0.3% – What’s Next?

Super Micro Computer, Inc. (NASDAQ:SMCI) shares were down 0.3% during mid-day trading on Wednesday . The stock traded as low as $33.77 and last traded at $34.94. Approximately 12,374,420 shares traded hands during trading, a decline of 83% from the average daily volume of 73,157,923 shares. The stock had previously closed at $35.05.

Analyst Ratings Changes

A number of brokerages recently commented on SMCI. JPMorgan Chase & Co. raised Super Micro Computer from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $35.00 to $45.00 in a research note on Friday, March 21st. StockNews.com raised shares of Super Micro Computer to a “sell” rating in a research report on Friday, February 28th. Northland Securities set a $70.00 price target on shares of Super Micro Computer in a research report on Thursday, March 6th. Wedbush restated a “hold” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Finally, The Goldman Sachs Group downgraded Super Micro Computer from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $40.00 to $32.00 in a report on Monday, March 24th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $53.00.

Super Micro Computer Price Performance

The firm’s fifty day simple moving average is $39.45 and its 200-day simple moving average is $37.58. 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 firm has a market capitalization of $21.18 billion, a PE ratio of 17.92 and a beta of 1.21.

Insider Buying and Selling

In related news, SVP George Kao sold 71,720 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $50.48, for a total transaction of $3,620,425.60. Following the transaction, the senior vice president now owns 19,449 shares in the company, valued at $981,785.52. This represents a 78.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Charles Liang sold 46,293 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at approximately $3,381,640,618.80. This 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 worth $6,771,552 in the last three months. Insiders own 17.60% of the company’s stock.

Institutional Trading of Super Micro Computer

A number of hedge funds have recently bought and sold shares of the company. Cerity Partners LLC boosted its position in Super Micro Computer by 22.5% in the third quarter. Cerity Partners LLC now owns 2,707 shares of the company’s stock worth $1,127,000 after purchasing an additional 497 shares during the last quarter. Townsquare Capital LLC lifted its stake in shares of Super Micro Computer by 66.5% in the 3rd quarter. Townsquare Capital LLC now owns 1,307 shares of the company’s stock worth $544,000 after purchasing an additional 522 shares during the period. Captrust Financial Advisors boosted its holdings in shares of Super Micro Computer by 132.2% in the third quarter. Captrust Financial Advisors now owns 18,905 shares of the company’s stock worth $7,872,000 after buying an additional 10,763 shares during the last quarter. Verition Fund Management LLC grew its position in Super Micro Computer by 296.0% during the third quarter. Verition Fund Management LLC now owns 15,213 shares of the company’s stock valued at $6,335,000 after buying an additional 11,371 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec increased its holdings in Super Micro Computer by 99.0% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 8,787 shares of the company’s stock valued at $3,659,000 after buying an additional 4,372 shares during the last quarter. Hedge funds and other 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.