Super Micro Computer (NASDAQ:SMCI) Trading Down 5.1% – Time to Sell?

Super Micro Computer, Inc. (NASDAQ:SMCI)’s share price was down 5.1% during trading on Thursday . The company traded as low as $31.72 and last traded at $32.61. Approximately 25,795,617 shares changed hands during trading, a decline of 26% from the average daily volume of 34,887,281 shares. The stock had previously closed at $34.38.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SMCI. 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 report on Wednesday, October 2nd. Northland Capmk raised shares of Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. Loop Capital reduced their target price on shares of Super Micro Computer from $150.00 to $100.00 and set a “buy” rating for the company in a report on Monday, September 23rd. The Goldman Sachs Group reduced their price objective on shares of Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating for the company in a research report on Wednesday, November 6th. Finally, StockNews.com downgraded shares of Super Micro Computer from a “hold” rating to a “sell” rating in a research note on Wednesday, October 9th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $66.89.

Super Micro Computer Price Performance

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 stock has a market capitalization of $18.23 billion, a P/E ratio of 16.37 and a beta of 1.31. The company’s 50 day simple moving average is $32.02 and its two-hundred day simple moving average is $49.03.

Hedge Funds Weigh In On Super Micro Computer

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SMCI. Resources Management Corp CT ADV increased 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 acquiring an additional 30 shares in the last quarter. Rise Advisors LLC grew its stake in shares of Super Micro Computer by 909.5% in the fourth quarter. Rise Advisors LLC now owns 1,696 shares of the company’s stock valued at $52,000 after buying an additional 1,528 shares in the last quarter. Clear Point Advisors Inc. raised its holdings in shares of Super Micro Computer by 471.4% in the 2nd quarter. Clear Point Advisors Inc. now owns 80 shares of the company’s stock valued at $66,000 after purchasing an additional 66 shares during the period. Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Super Micro Computer in the third quarter valued at approximately $87,000. Finally, Quarry LP boosted its position in Super Micro Computer by 5,850.0% during the second quarter. Quarry LP now owns 119 shares of the company’s stock worth $98,000 after purchasing an additional 117 shares during the period. 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.