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

Super Micro Computer, Inc. (NASDAQ:SMCI) gapped down prior to trading on Wednesday . The stock had previously closed at $40.54, but opened at $38.19. Super Micro Computer shares last traded at $36.64, with a volume of 18,736,222 shares.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Argus downgraded Super Micro Computer from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Cfra reaffirmed a “hold” rating and issued a $45.40 price objective (down previously from $72.90) on shares of Super Micro Computer in a report on Wednesday, August 28th. StockNews.com lowered shares of Super Micro Computer from a “hold” rating to a “sell” rating in a research note on Wednesday, October 9th. Wedbush restated a “neutral” rating and issued a $32.00 price target (down previously from $62.00) on shares of Super Micro Computer in a research note on Monday, November 4th. Finally, JPMorgan Chase & Co. downgraded Super Micro Computer from a “neutral” rating to an “underweight” rating and reduced their price objective for the stock from $50.00 to $23.00 in a research report on Wednesday, November 6th. Three 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 MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $66.89.

Super Micro Computer Stock Performance

The firm’s 50-day moving average price is $36.89 and its two-hundred day moving average price is $56.23. 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 $21.22 billion, a PE ratio of 19.04 and a beta of 1.29.

Institutional Trading of Super Micro Computer

A number of hedge funds have recently modified their holdings of SMCI. Byrne Asset Management LLC lifted its stake 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 acquiring an additional 14 shares in the last quarter. Fielder Capital Group LLC lifted its position in shares of Super Micro Computer by 2.8% in the second quarter. Fielder Capital Group LLC now owns 580 shares of the company’s stock worth $475,000 after purchasing an additional 16 shares in the last quarter. Kathmere Capital Management LLC boosted its holdings in shares of Super Micro Computer by 5.0% during the second quarter. Kathmere Capital Management LLC now owns 379 shares of the company’s stock worth $311,000 after purchasing an additional 18 shares during the period. Oregon Public Employees Retirement Fund grew its position in Super Micro Computer by 0.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 4,322 shares of the company’s stock valued at $3,541,000 after purchasing an additional 19 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its stake in Super Micro Computer by 10.6% in the 2nd quarter. First Horizon Advisors Inc. now owns 219 shares of the company’s stock valued at $179,000 after buying an additional 21 shares during the period. Hedge funds and other 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.