Super Micro Computer (NASDAQ:SMCI) Stock Price Down 5.3% – Time to Sell?

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) fell 5.3% during trading on Tuesday . The company traded as low as $40.84 and last traded at $41.81. 22,649,082 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 83,868,688 shares. The stock had previously closed at $44.16.

Analysts Set New Price Targets

A number of analysts have commented on SMCI shares. Barclays lowered their price target on Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 2nd. Loop Capital dropped their price objective on shares of Super Micro Computer from $150.00 to $100.00 and set a “buy” rating on the stock in a report on Monday, September 23rd. Argus cut shares of Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Needham & Company LLC initiated coverage on shares of Super Micro Computer in a report on Wednesday, September 18th. They issued a “buy” rating and a $60.00 price target on the stock. Finally, Cfra reiterated a “hold” rating and set a $45.40 price objective (down previously from $72.90) on shares of Super Micro Computer in a research note on Wednesday, August 28th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Super Micro Computer has an average rating of “Hold” and an average price target of $66.89.

Super Micro Computer Stock Performance

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 50-day moving average price of $37.03 and a two-hundred day moving average price of $57.03. The firm has a market cap of $23.13 billion, a PE ratio of 20.22 and a beta of 1.29.

Hedge Funds Weigh In On Super Micro Computer

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Rakuten Securities Inc. increased its stake in shares of Super Micro Computer by 391.8% in the 3rd quarter. Rakuten Securities Inc. now owns 76,660 shares of the company’s stock worth $31,921,000 after acquiring an additional 61,071 shares during the last quarter. Assetmark Inc. grew its holdings in shares of Super Micro Computer by 164.8% during the 3rd quarter. Assetmark Inc. now owns 150,333 shares of the company’s stock worth $62,599,000 after purchasing an additional 93,569 shares during the period. Bridgewater Associates LP raised its holdings in Super Micro Computer by 921.1% in the 3rd quarter. Bridgewater Associates LP now owns 161,104 shares of the company’s stock valued at $67,084,000 after buying an additional 145,327 shares during the period. Disciplined Growth Investors Inc. MN lifted its position in Super Micro Computer by 3.1% in the third quarter. Disciplined Growth Investors Inc. MN now owns 1,043,469 shares of the company’s stock valued at $434,500,000 after buying an additional 31,064 shares during the last quarter. Finally, Royal London Asset Management Ltd. boosted its stake in Super Micro Computer by 279.8% during the third quarter. Royal London Asset Management Ltd. now owns 29,483 shares of the company’s stock worth $12,277,000 after buying an additional 21,721 shares during the period. 84.06% of the stock is currently owned by institutional investors and hedge funds.

About Super Micro Computer

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.