Super Micro Computer (NASDAQ:SMCI) Stock Price Down 0.1% – Time to Sell?

Super Micro Computer, Inc. (NASDAQ:SMCI)’s share price was down 0.1% on Wednesday . The stock traded as low as $27.61 and last traded at $28.16. Approximately 10,185,811 shares were traded during mid-day trading, a decline of 69% from the average daily volume of 32,412,988 shares. The stock had previously closed at $28.18.

Wall Street Analyst Weigh In

SMCI has been the topic of several recent research reports. Loop Capital boosted their price objective on shares of Super Micro Computer from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Argus cut shares of Super Micro Computer from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Northland Capmk raised Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. The Goldman Sachs Group dropped their price target on Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating for the company in a research report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. downgraded Super Micro Computer from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $50.00 to $23.00 in a research report on Wednesday, November 6th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Super Micro Computer has an average rating of “Hold” and a consensus price target of $62.89.

Super Micro Computer Stock Performance

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 market cap of $15.72 billion, a P/E ratio of 14.10 and a beta of 1.31. The firm’s 50-day moving average is $33.97 and its two-hundred day moving average is $43.93.

Institutional Investors Weigh In On Super Micro Computer

Several hedge funds have recently modified their holdings of the business. State Street Corp raised its position in shares of Super Micro Computer by 4.3% during the third 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 during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in Super Micro Computer by 956.6% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,317,018 shares of the company’s stock valued at $40,143,000 after acquiring an additional 1,192,366 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Super Micro Computer by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,266,040 shares of the company’s stock worth $529,753,000 after purchasing an additional 16,007 shares in the last quarter. Disciplined Growth Investors Inc. MN raised its stake in shares of Super Micro Computer by 3.1% in the third quarter. Disciplined Growth Investors Inc. MN now owns 1,043,469 shares of the company’s stock valued at $434,500,000 after purchasing an additional 31,064 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its position in Super Micro Computer by 63,634.1% in the third quarter. International Assets Investment Management LLC now owns 916,496 shares of the company’s stock worth $381,629,000 after purchasing an additional 915,058 shares during the period. 84.06% of the stock is owned by institutional investors.

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.