Super Micro Computer (NASDAQ:SMCI) Trading Down 5.4% – What’s Next?

Super Micro Computer, Inc. (NASDAQ:SMCI) was down 5.4% during mid-day trading on Thursday . The company traded as low as $40.58 and last traded at $40.18. Approximately 18,357,346 shares traded hands during trading, a decline of 76% from the average daily volume of 77,651,195 shares. The stock had previously closed at $42.47.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Northland Capmk raised shares of Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. StockNews.com raised shares of Super Micro Computer to a “sell” rating in a report on Friday, February 28th. Rosenblatt Securities started coverage on shares of Super Micro Computer in a report on Monday. They set a “buy” rating and a $60.00 target price on the stock. Loop Capital restated a “buy” rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. increased their price target on Super Micro Computer from $23.00 to $35.00 and gave the stock an “underweight” rating in a research note on Wednesday, February 12th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Super Micro Computer presently has a consensus rating of “Hold” and a consensus target price of $52.57.

Super Micro Computer Stock Performance

The stock has a market capitalization of $23.50 billion, a P/E ratio of 19.98 and a beta of 1.21. The company has a 50-day moving average price of $37.65 and a two-hundred day moving average price of $38.18. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32.

Insider Buying and Selling

In other news, SVP George Kao sold 71,720 shares of Super Micro Computer stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $50.48, for a total transaction of $3,620,425.60. Following the completion of the transaction, the senior vice president now directly owns 19,449 shares in the company, valued at approximately $981,785.52. This trade represents a 78.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert L. Blair sold 19,460 shares of the business’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $42.58, for a total transaction of $828,606.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 137,473 shares of company stock valued at $6,771,552. 17.60% of the stock is owned by company insiders.

Institutional Trading of Super Micro Computer

Several hedge funds have recently made changes to their positions in the business. Centaurus Financial Inc. bought a new position in Super Micro Computer during the 4th quarter worth about $206,000. Castle Rock Wealth Management LLC acquired a new stake in Super Micro Computer during the fourth quarter valued at $207,000. Park Square Financial Group LLC acquired a new stake in Super Micro Computer in the 4th quarter valued at $475,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Super Micro Computer in the 4th quarter valued at about $8,785,000. Finally, Bernard Wealth Management Corp. acquired a new position in Super Micro Computer in the 4th quarter valued at $33,000. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

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.