Super Micro Computer (NASDAQ:SMCI) Shares Down 0% – What’s Next?

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) were down 0% during mid-day trading on Friday . The stock traded as low as $36.28 and last traded at $37.03. Approximately 19,593,153 shares were traded during trading, a decline of 75% from the average daily volume of 77,422,883 shares. The stock had previously closed at $37.05.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on SMCI shares. Wedbush reaffirmed a “hold” rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Northland Capmk raised Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. The Goldman Sachs Group lifted their target price on Super Micro Computer from $32.00 to $36.00 and gave the company a “neutral” rating in a research report on Monday, February 24th. Loop Capital restated a “buy” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Finally, Northland Securities reaffirmed an “outperform” rating and set a $57.00 price target (up from $54.00) on shares of Super Micro Computer in a research note on Wednesday, February 12th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $56.64.

Super Micro Computer Price Performance

The company’s 50 day moving average is $37.08 and its 200-day moving average is $38.79. The firm has a market capitalization of $22.69 billion, a price-to-earnings ratio of 19.20 and a beta of 1.21. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32.

Insider Transactions at Super Micro Computer

In other Super Micro Computer news, Director Robert L. Blair sold 19,460 shares of the firm’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $42.58, for a total transaction of $828,606.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Charles Liang sold 46,293 shares of the company’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 completion of the transaction, the chief executive officer now owns 67,403,640 shares in the company, 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. In the last three months, insiders sold 137,473 shares of company stock worth $6,771,552. 17.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. SpiderRock Advisors LLC increased its stake in shares of Super Micro Computer by 14.5% during the third quarter. SpiderRock Advisors LLC now owns 4,602 shares of the company’s stock worth $1,916,000 after purchasing an additional 583 shares during the period. Assetmark Inc. increased its position in Super Micro Computer by 164.8% during the 3rd quarter. Assetmark Inc. now owns 150,333 shares of the company’s stock worth $62,599,000 after buying an additional 93,569 shares during the period. Sigma Planning Corp increased its position in Super Micro Computer by 25.1% during the 3rd quarter. Sigma Planning Corp now owns 3,950 shares of the company’s stock worth $1,645,000 after buying an additional 792 shares during the period. Crossmark Global Holdings Inc. lifted its holdings in shares of Super Micro Computer by 581.6% during the third quarter. Crossmark Global Holdings Inc. now owns 23,380 shares of the company’s stock worth $9,735,000 after buying an additional 19,950 shares in the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd boosted its position in shares of Super Micro Computer by 128.2% in the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 2,026 shares of the company’s stock valued at $828,000 after acquiring an additional 1,138 shares during the period. 84.06% of the stock is owned by institutional investors.

Super Micro Computer Company Profile

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.