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

Super Micro Computer, Inc. (NASDAQ:SMCI) traded down 0.1% on Wednesday . The stock traded as low as $27.61 and last traded at $28.16. 10,185,811 shares changed hands during trading, a decline of 69% from the average session volume of 32,412,988 shares. The stock had previously closed at $28.18.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Argus downgraded Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Loop Capital upped their price target on Super Micro Computer from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Northland Capmk upgraded Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. JPMorgan Chase & Co. downgraded Super Micro Computer from a “neutral” rating to an “underweight” rating and cut their price target for the stock from $50.00 to $23.00 in a report on Wednesday, November 6th. Finally, Wedbush reiterated a “neutral” rating and issued a $32.00 price objective (down previously from $62.00) on shares of Super Micro Computer in a report on Monday, November 4th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $62.89.

Super Micro Computer Trading Up 0.6 %

The stock has a market capitalization of $16.12 billion, a price-to-earnings ratio of 14.48 and a beta of 1.31. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. The business has a 50-day moving average of $34.00 and a 200-day moving average of $43.38.

Institutional Trading of Super Micro Computer

Large investors have recently made changes to their positions in the company. Rakuten Securities Inc. lifted its position in Super Micro Computer by 391.8% during the 3rd quarter. Rakuten Securities Inc. now owns 76,660 shares of the company’s stock worth $31,921,000 after acquiring an additional 61,071 shares during the period. Assetmark Inc. lifted 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 acquiring an additional 93,569 shares during the period. Nepsis Inc. acquired a new stake in Super Micro Computer during the 4th quarter worth approximately $13,625,000. Sanctuary Advisors LLC lifted its position in Super Micro Computer by 254.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 30,634 shares of the company’s stock worth $12,756,000 after acquiring an additional 21,997 shares during the period. Finally, Bridgewater Associates LP lifted its position in Super Micro Computer by 921.1% during the 3rd quarter. Bridgewater Associates LP now owns 161,104 shares of the company’s stock worth $67,084,000 after acquiring an additional 145,327 shares during the period. 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.