Super Micro Computer (NASDAQ:SMCI) Shares Down 3.7% – Time to Sell?

Super Micro Computer, Inc. (NASDAQ:SMCI)’s stock price dropped 3.7% during trading on Wednesday . The stock traded as low as $20.76 and last traded at $20.90. Approximately 19,200,484 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 80,392,438 shares. The stock had previously closed at $21.70.

Analysts Set New Price Targets

SMCI has been the subject of several analyst reports. StockNews.com lowered Super Micro Computer from a “hold” rating to a “sell” rating in a research note on Wednesday, October 9th. Wells Fargo & Company reduced their price objective on Super Micro Computer from $65.00 to $37.50 and set an “equal weight” rating for the company in a research note on Wednesday, August 28th. Rosenblatt Securities reiterated a “buy” rating and issued a $130.00 price target on shares of Super Micro Computer in a research note on Wednesday, August 7th. Bank of America lowered Super Micro Computer from a “buy” rating to a “neutral” rating and cut their price target for the stock from $109.00 to $70.00 in a research note on Wednesday, August 7th. Finally, Argus lowered Super Micro Computer from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $66.89.

Super Micro Computer Trading Down 4.1 %

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 stock’s fifty day moving average is $41.08 and its 200 day moving average is $63.89. The stock has a market cap of $11.64 billion, a P/E ratio of 10.37 and a beta of 1.28.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Invst LLC lifted its holdings in shares of Super Micro Computer by 4.3% in the 1st quarter. Invst LLC now owns 337 shares of the company’s stock valued at $350,000 after acquiring an additional 14 shares during the last quarter. Byrne Asset Management LLC raised its position in Super Micro Computer by 10.4% in the 2nd quarter. Byrne Asset Management LLC now owns 148 shares of the company’s stock worth $132,000 after purchasing an additional 14 shares during the period. Versant Capital Management Inc raised its position in Super Micro Computer by 30.0% in the 2nd quarter. Versant Capital Management Inc now owns 65 shares of the company’s stock worth $53,000 after purchasing an additional 15 shares during the period. Forum Financial Management LP raised its position in Super Micro Computer by 0.8% in the 1st quarter. Forum Financial Management LP now owns 1,943 shares of the company’s stock worth $1,962,000 after purchasing an additional 16 shares during the period. Finally, Fielder Capital Group LLC raised its position in Super Micro Computer by 2.8% in the 2nd quarter. Fielder Capital Group LLC now owns 580 shares of the company’s stock worth $475,000 after purchasing an additional 16 shares during the period. Institutional investors own 84.06% of the company’s stock.

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.