Super Micro Computer (NASDAQ:SMCI) Shares Down 0.5% – Should You Sell?

Super Micro Computer, Inc. (NASDAQ:SMCI)’s share price fell 0.5% during mid-day trading on Tuesday . The stock traded as low as $30.90 and last traded at $30.91. 9,064,365 shares traded hands during trading, a decline of 70% from the average session volume of 30,684,318 shares. The stock had previously closed at $31.08.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. Barclays lowered their price objective on Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 2nd. The Goldman Sachs Group decreased their target price on 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. Argus cut shares of Super Micro Computer from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Finally, Loop Capital dropped their target price 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. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $66.89.

Super Micro Computer Stock Up 0.4 %

The stock has a market capitalization of $17.41 billion, a P/E ratio of 15.62 and a beta of 1.31. The business has a 50-day simple moving average of $32.35 and a two-hundred day simple moving average of $47.41. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32.

Hedge Funds Weigh In On Super Micro Computer

Several institutional investors have recently added to or reduced their stakes in SMCI. Prairiewood Capital LLC acquired a new stake in Super Micro Computer during the 4th quarter valued at $457,000. Diversify Advisory Services LLC bought a new position in shares of Super Micro Computer in the fourth quarter worth about $5,113,000. Annex Advisory Services LLC acquired a new position in shares of Super Micro Computer during the fourth quarter worth approximately $6,708,000. Lbmc Investment Advisors LLC bought a new stake in shares of Super Micro Computer during the fourth quarter valued at approximately $344,000. Finally, Trust Co. of Vermont increased its holdings in shares of Super Micro Computer by 900.0% in the fourth quarter. Trust Co. of Vermont now owns 1,000 shares of the company’s stock valued at $30,000 after purchasing an additional 900 shares in the last quarter. 84.06% of the stock is owned by institutional investors.

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.