Super Micro Computer (NASDAQ:SMCI) Trading Down 4% – Time to Sell?

Super Micro Computer, Inc. (NASDAQ:SMCI) dropped 4% during mid-day trading on Monday . The stock traded as low as $25.71 and last traded at $27.38. Approximately 24,109,202 shares were traded during mid-day trading, a decline of 25% from the average daily volume of 32,274,641 shares. The stock had previously closed at $28.52.

Wall Street Analyst Weigh In

SMCI has been the topic of a number of analyst reports. The Goldman Sachs Group cut their target price on Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 6th. StockNews.com downgraded Super Micro Computer from a “hold” rating to a “sell” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. cut shares of Super Micro Computer from a “neutral” rating to an “underweight” rating and cut their price target for the stock from $50.00 to $23.00 in a report on Wednesday, November 6th. Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. Finally, Argus lowered shares of Super Micro Computer from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $62.89.

Super Micro Computer Stock Performance

The business has a 50-day moving average price of $33.91 and a 200-day moving average price of $42.64. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $15.98 billion, a price-to-earnings ratio of 13.71 and a beta of 1.30.

Institutional Investors Weigh In On Super Micro Computer

Several institutional investors have recently added to or reduced their stakes in the business. Czech National Bank grew its position in Super Micro Computer by 6.9% during the 3rd quarter. Czech National Bank now owns 10,264 shares of the company’s stock worth $4,274,000 after purchasing an additional 662 shares during the last quarter. CWM LLC grew its holdings in shares of Super Micro Computer by 11.7% during the third quarter. CWM LLC now owns 2,773 shares of the company’s stock valued at $1,155,000 after buying an additional 290 shares during the last quarter. Strategic Advisors LLC increased its position in shares of Super Micro Computer by 1,248.3% in the 3rd quarter. Strategic Advisors LLC now owns 6,054 shares of the company’s stock valued at $2,521,000 after acquiring an additional 5,605 shares during the period. Tobam raised its stake in Super Micro Computer by 38.8% in the 3rd quarter. Tobam now owns 9,575 shares of the company’s stock worth $3,987,000 after acquiring an additional 2,679 shares during the last quarter. Finally, LifePro Asset Management acquired a new stake in Super Micro Computer during the 3rd quarter worth about $1,711,000. 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.