Super Micro Computer (NASDAQ:SMCI) Shares Down 12.8% – What’s Next?

Super Micro Computer, Inc. (NASDAQ:SMCI) was down 12.8% during trading on Tuesday . The company traded as low as $46.29 and last traded at $45.00. Approximately 43,191,351 shares were traded during trading, a decline of 39% from the average daily volume of 71,326,367 shares. The stock had previously closed at $51.61.

Analyst Ratings Changes

Several research firms have recently weighed in on SMCI. The Goldman Sachs Group boosted their target price on shares of Super Micro Computer from $32.00 to $36.00 and gave the stock a “neutral” rating in a research report on Monday. Cfra upgraded Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research note on Tuesday, February 11th. JPMorgan Chase & Co. lifted their target price on Super Micro Computer from $23.00 to $35.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 12th. Northland Securities reissued an “outperform” rating and set a $57.00 price target (up from $54.00) on shares of Super Micro Computer in a research report on Wednesday, February 12th. Finally, Loop Capital reaffirmed a “buy” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Super Micro Computer has an average rating of “Hold” and an average price target of $60.73.

Super Micro Computer Stock 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 fifty day moving average price of $35.59 and a two-hundred day moving average price of $39.69. The company has a market cap of $27.61 billion, a P/E ratio of 23.67 and a beta of 1.30.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Louisiana State Employees Retirement System lifted its holdings in Super Micro Computer by 160.7% in the third quarter. Louisiana State Employees Retirement System now owns 7,300 shares of the company’s stock worth $3,040,000 after purchasing an additional 4,500 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Super Micro Computer by 183.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,233 shares of the company’s stock worth $5,554,000 after acquiring an additional 8,572 shares during the period. Arkadios Wealth Advisors bought a new position in shares of Super Micro Computer in the third quarter valued at approximately $289,000. PFG Investments LLC increased its stake in shares of Super Micro Computer by 73.8% during the third quarter. PFG Investments LLC now owns 2,125 shares of the company’s stock valued at $885,000 after acquiring an additional 902 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of Super Micro Computer by 45.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 3,497 shares of the company’s stock valued at $1,456,000 after acquiring an additional 1,097 shares during the period. Institutional investors and hedge funds 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.