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

Super Micro Computer, Inc. (NASDAQ:SMCI)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $60.25, but opened at $57.21. Super Micro Computer shares last traded at $56.70, with a volume of 47,847,932 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Wedbush upped their price target on Super Micro Computer from $24.00 to $40.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. The Goldman Sachs Group cut their price target 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. Northland Securities reaffirmed an “outperform” rating and issued a $57.00 price objective (up from $54.00) on shares of Super Micro Computer in a research report on Wednesday, February 12th. Loop Capital boosted their target price on Super Micro Computer from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Super Micro Computer from $23.00 to $35.00 and gave the stock an “underweight” rating in a report on Wednesday, February 12th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $60.20.

Super Micro Computer Trading Down 0.9 %

The firm has a 50 day simple moving average of $34.41 and a 200 day simple moving average of $39.72. 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 firm has a market capitalization of $34.95 billion, a PE ratio of 30.77 and a beta of 1.30.

Hedge Funds Weigh In On Super Micro Computer

Hedge funds have recently bought and sold shares of the business. Salem Investment Counselors Inc. bought a new stake in shares of Super Micro Computer in the fourth quarter worth approximately $30,000. Trust Co. of Vermont lifted its holdings in Super Micro Computer by 900.0% in the 4th quarter. Trust Co. of Vermont now owns 1,000 shares of the company’s stock worth $30,000 after purchasing an additional 900 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in Super Micro Computer by 2,890.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 987 shares of the company’s stock valued at $30,000 after acquiring an additional 954 shares during the last quarter. Larson Financial Group LLC boosted its position in shares of Super Micro Computer by 902.0% during the 4th quarter. Larson Financial Group LLC now owns 992 shares of the company’s stock valued at $30,000 after acquiring an additional 893 shares during the last quarter. Finally, Toth Financial Advisory Corp purchased a new position in shares of Super Micro Computer in the fourth quarter valued at $31,000. Hedge funds and other institutional investors own 84.06% of the company’s stock.

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.