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

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

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SMCI. Wedbush reiterated a “neutral” rating and issued a $32.00 price target (down previously from $62.00) on shares of Super Micro Computer in a report on Monday, November 4th. Needham & Company LLC initiated coverage on shares of Super Micro Computer in a research note on Wednesday, September 18th. They issued a “buy” rating and a $60.00 price objective for the company. Barclays cut their target price on shares of Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 2nd. Loop Capital cut 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. Finally, Cfra reaffirmed a “hold” rating and set a $45.40 target price (down previously from $72.90) on shares of Super Micro Computer in a research report on Wednesday, August 28th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Super Micro Computer presently has a consensus rating of “Hold” and a consensus price target of $66.89.

Super Micro Computer Trading Down 3.1 %

The stock has a market cap of $17.47 billion, a price-to-earnings ratio of 15.68 and a beta of 1.29. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. The company’s fifty day moving average price is $35.67 and its 200-day moving average price is $54.46.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Retirement Systems of Alabama lifted its stake in shares of Super Micro Computer by 2.3% during the third quarter. Retirement Systems of Alabama now owns 11,367 shares of the company’s stock worth $4,733,000 after buying an additional 258 shares during the period. Synovus Financial Corp acquired a new stake in Super Micro Computer during the 3rd quarter worth about $443,000. Tidal Investments LLC grew its stake in Super Micro Computer by 143.8% during the 3rd quarter. Tidal Investments LLC now owns 50,355 shares of the company’s stock valued at $20,968,000 after purchasing an additional 29,697 shares during the last quarter. World Investment Advisors LLC increased its holdings in shares of Super Micro Computer by 13,210.5% in the third quarter. World Investment Advisors LLC now owns 56,969 shares of the company’s stock valued at $23,722,000 after purchasing an additional 56,541 shares during the period. Finally, Sanctuary Advisors LLC raised its stake in shares of Super Micro Computer by 254.7% in the third quarter. Sanctuary Advisors LLC now owns 30,634 shares of the company’s stock worth $12,756,000 after purchasing an additional 21,997 shares during the last quarter. 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.