Super Micro Computer (NASDAQ:SMCI) Stock Price Down 9.9% – Should You Sell?

Super Micro Computer, Inc. (NASDAQ:SMCI) shares fell 9.9% during trading on Tuesday . The stock traded as low as $34.03 and last traded at $34.62. 48,581,993 shares were traded during mid-day trading, a decline of 41% from the average session volume of 82,609,328 shares. The stock had previously closed at $38.41.

Analysts Set New Price Targets

A number of equities analysts have recently commented on SMCI shares. StockNews.com lowered shares of Super Micro Computer from a “hold” rating to a “sell” rating in a research report on Wednesday, October 9th. Rosenblatt Securities reiterated a “buy” rating and set a $130.00 target price on shares of Super Micro Computer in a research note on Wednesday, August 7th. Bank of America cut Super Micro Computer from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $109.00 to $70.00 in a report on Wednesday, August 7th. Cfra reiterated a “hold” rating and issued a $45.40 price target (down previously from $72.90) on shares of Super Micro Computer in a research note on Wednesday, August 28th. Finally, JPMorgan Chase & Co. downgraded Super Micro Computer from a “neutral” rating to an “underweight” rating and lowered their price target for the stock from $50.00 to $23.00 in a research report on Wednesday, November 6th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $66.89.

Super Micro Computer Trading Down 8.2 %

The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. The business’s 50 day moving average price is $38.08 and its 200-day moving average price is $60.35. The company has a market cap of $19.73 billion, a price-to-earnings ratio of 17.38 and a beta of 1.28.

Institutional Trading of Super Micro Computer

Several institutional investors have recently made changes to their positions in the company. Farmers & Merchants Investments Inc. raised its stake in shares of Super Micro Computer by 400.0% during the second quarter. Farmers & Merchants Investments Inc. now owns 30 shares of the company’s stock worth $25,000 after acquiring an additional 24 shares in the last quarter. Moser Wealth Advisors LLC purchased a new stake in shares of Super Micro Computer during the 2nd quarter valued at about $25,000. Hazlett Burt & Watson Inc. lifted its stake in shares of Super Micro Computer by 141.2% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 41 shares of the company’s stock worth $34,000 after purchasing an additional 24 shares during the period. AlphaCentric Advisors LLC bought a new stake in Super Micro Computer during the 2nd quarter worth approximately $42,000. Finally, First PREMIER Bank raised its position in shares of Super Micro Computer by 126.1% during the second quarter. First PREMIER Bank now owns 52 shares of the company’s stock valued at $43,000 after buying an additional 29 shares during the last quarter. 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.