Super Micro Computer (NASDAQ:SMCI) Shares Down 4% – Should You Sell?

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

Analyst Ratings Changes

SMCI has been the topic of a number of research reports. Argus lowered shares of Super Micro Computer from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. The Goldman Sachs Group cut their price objective on shares of Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 6th. JPMorgan Chase & Co. downgraded Super Micro Computer from a “neutral” rating to an “underweight” rating and dropped their price target for the company from $50.00 to $23.00 in a research note on Wednesday, November 6th. Wedbush reaffirmed a “neutral” rating and set a $32.00 price target (down from $62.00) on shares of Super Micro Computer in a research note on Monday, November 4th. Finally, Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $62.89.

Super Micro Computer Stock Performance

The stock’s 50 day moving average is $33.57 and its 200 day moving average is $41.89. 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 firm has a market cap of $18.44 billion, a price-to-earnings ratio of 15.81 and a beta of 1.30.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Rakuten Securities Inc. boosted its position in shares of Super Micro Computer by 391.8% in the third quarter. Rakuten Securities Inc. now owns 76,660 shares of the company’s stock valued at $31,921,000 after acquiring an additional 61,071 shares during the period. Assetmark Inc. lifted its position in shares of Super Micro Computer by 164.8% during the 3rd quarter. Assetmark Inc. now owns 150,333 shares of the company’s stock worth $62,599,000 after buying an additional 93,569 shares during the last quarter. Clear Creek Financial Management LLC bought a new position in Super Micro Computer in the fourth quarter valued at about $635,000. Nepsis Inc. acquired a new position in Super Micro Computer during the fourth quarter worth about $13,625,000. Finally, Sanctuary Advisors LLC lifted its holdings in shares of Super Micro Computer by 254.7% during the third quarter. Sanctuary Advisors LLC now owns 30,634 shares of the company’s stock worth $12,756,000 after purchasing an additional 21,997 shares during the period. Institutional investors own 84.06% of the company’s stock.

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.