Super Micro Computer (NASDAQ:SMCI) Trading Down 5.9% – What’s Next?

Super Micro Computer, Inc. (NASDAQ:SMCI)’s share price was down 5.9% during mid-day trading on Monday . The company traded as low as $29.01 and last traded at $30.67. Approximately 19,555,264 shares changed hands during mid-day trading, a decline of 38% from the average daily volume of 31,789,586 shares. The stock had previously closed at $32.60.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on SMCI shares. Needham & Company LLC assumed coverage on shares of Super Micro Computer in a report on Wednesday, September 18th. They set a “buy” rating and a $60.00 price target on the stock. Wedbush reiterated a “neutral” rating and set a $32.00 price target (down from $62.00) on shares of Super Micro Computer in a report on Monday, November 4th. Loop Capital cut their price objective on Super Micro Computer from $150.00 to $100.00 and set a “buy” rating on the stock in a report on Monday, September 23rd. Northland Capmk raised 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 report on Thursday, October 31st. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $66.89.

Super Micro Computer Stock Down 4.9 %

The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. The company has a market cap of $17.34 billion, a price-to-earnings ratio of 15.56 and a beta of 1.31. The stock’s 50-day moving average is $32.02 and its 200-day moving average is $48.55.

Institutional Trading of Super Micro Computer

Several large investors have recently made changes to their positions in SMCI. Kathmere Capital Management LLC lifted its position in Super Micro Computer by 5.0% in the 2nd quarter. Kathmere Capital Management LLC now owns 379 shares of the company’s stock valued at $311,000 after acquiring an additional 18 shares in the last quarter. Mount Yale Investment Advisors LLC raised its position in Super Micro Computer by 7.0% in the 2nd quarter. Mount Yale Investment Advisors LLC now owns 428 shares of the company’s stock valued at $351,000 after buying an additional 28 shares during the last quarter. Total Clarity Wealth Management Inc. lifted its position in shares of Super Micro Computer by 3.3% during the second quarter. Total Clarity Wealth Management Inc. now owns 903 shares of the company’s stock valued at $740,000 after purchasing an additional 29 shares in the last quarter. Steel Grove Capital Advisors LLC increased its stake in Super Micro Computer by 3.9% in the 2nd quarter. Steel Grove Capital Advisors LLC now owns 790 shares of the company’s stock valued at $647,000 after buying an additional 30 shares during the last quarter. Finally, Resources Management Corp CT ADV boosted its stake in shares of Super Micro Computer by 100.0% in the 2nd quarter. Resources Management Corp CT ADV now owns 60 shares of the company’s stock worth $49,000 after buying an additional 30 shares during the last quarter. 84.06% of the stock is currently owned by institutional investors and hedge funds.

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.