Super Micro Computer (NASDAQ:SMCI) Shares Down 0.8% – Should You Sell?

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) traded down 0.8% on Wednesday . The company traded as low as $32.99 and last traded at $33.54. 14,981,339 shares traded hands during trading, a decline of 82% from the average session volume of 83,380,203 shares. The stock had previously closed at $33.80.

Wall Street Analyst Weigh In

SMCI has been the subject of several recent analyst reports. Needham & Company LLC initiated coverage on shares of Super Micro Computer in a report on Wednesday, September 18th. They set a “buy” rating and a $60.00 price objective for the company. Wells Fargo & Company lowered their price objective on Super Micro Computer from $65.00 to $37.50 and set an “equal weight” rating for the company in a report on Wednesday, August 28th. The Goldman Sachs Group reduced their target price on Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating on the stock in a report on Wednesday, November 6th. Cfra reissued a “hold” rating and set a $45.40 price target (down from $72.90) on shares of Super Micro Computer in a research report on Wednesday, August 28th. Finally, Loop Capital lowered their target price on shares of Super Micro Computer from $150.00 to $100.00 and set a “buy” rating for the company in a research note on Monday, September 23rd. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Super Micro Computer currently has a consensus rating of “Hold” and a consensus price target of $66.89.

Super Micro Computer Price Performance

The stock has a market cap of $18.99 billion, a price-to-earnings ratio of 17.04 and a beta of 1.29. 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 company has a 50-day simple moving average of $36.27 and a two-hundred day simple moving average of $54.95.

Institutional Trading of Super Micro Computer

Large investors have recently bought and sold shares of the business. Farmers & Merchants Investments Inc. boosted its position in Super Micro Computer by 400.0% during the second quarter. Farmers & Merchants Investments Inc. now owns 30 shares of the company’s stock valued at $25,000 after acquiring an additional 24 shares during the last quarter. Moser Wealth Advisors LLC bought a new position in shares of Super Micro Computer in the second quarter valued at approximately $25,000. Hazlett Burt & Watson Inc. boosted its position in shares of Super Micro Computer by 141.2% during the second quarter. Hazlett Burt & Watson Inc. now owns 41 shares of the company’s stock valued at $34,000 after buying an additional 24 shares during the last quarter. AlphaCentric Advisors LLC bought a new position in Super Micro Computer during the 2nd quarter valued at $42,000. Finally, Resources Management Corp CT ADV grew its stake in shares of Super Micro Computer by 100.0% in the 2nd quarter. Resources Management Corp CT ADV now owns 60 shares of the company’s stock worth $49,000 after acquiring an additional 30 shares in the last quarter. 84.06% of the stock is owned by institutional investors and hedge funds.

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.