Super Micro Computer (NASDAQ:SMCI) Trading Down 0.6% – Here’s What Happened

Super Micro Computer, Inc. (NASDAQ:SMCI)’s share price was down 0.6% during trading on Thursday . The company traded as low as $32.79 and last traded at $33.66. Approximately 8,595,755 shares changed hands during mid-day trading, a decline of 72% from the average daily volume of 30,846,871 shares. The stock had previously closed at $33.86.

Analyst Ratings Changes

Several analysts recently commented on SMCI shares. Northland Capmk raised Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. Wedbush reissued a “neutral” rating and issued a $32.00 price objective (down from $62.00) on shares of Super Micro Computer in a report on Monday, November 4th. JPMorgan Chase & Co. lowered Super Micro Computer from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $50.00 to $23.00 in a report on Wednesday, November 6th. The Goldman Sachs Group dropped their price objective 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. Finally, Loop Capital raised their price objective on Super Micro Computer from $35.00 to $40.00 and gave the company a “buy” rating in a report on Thursday. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $62.89.

Super Micro Computer Trading Down 1.1 %

The business has a fifty day simple moving average of $33.22 and a 200 day simple moving average of $45.58. The stock has a market cap of $18.72 billion, a price-to-earnings ratio of 16.85 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.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Kathmere Capital Management LLC increased its position 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 acquiring an additional 18 shares during the last quarter. Mount Yale Investment Advisors LLC grew its holdings in shares of Super Micro Computer by 7.0% during the second quarter. Mount Yale Investment Advisors LLC now owns 428 shares of the company’s stock valued at $351,000 after purchasing an additional 28 shares during the last quarter. Resources Management Corp CT ADV boosted its position in shares of Super Micro Computer by 100.0% during the second quarter. Resources Management Corp CT ADV now owns 60 shares of the company’s stock worth $49,000 after buying an additional 30 shares during the period. Anchor Investment Management LLC boosted its position in shares of Super Micro Computer by 13.7% during the second quarter. Anchor Investment Management LLC now owns 324 shares of the company’s stock worth $265,000 after buying an additional 39 shares during the period. Finally, Clear Point Advisors Inc. boosted its position in shares of Super Micro Computer by 471.4% during the second quarter. Clear Point Advisors Inc. now owns 80 shares of the company’s stock worth $66,000 after buying an additional 66 shares during the period. Institutional investors and hedge funds 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.