Super Micro Computer (NASDAQ:SMCI) Downgraded by The Goldman Sachs Group to Sell

Super Micro Computer (NASDAQ:SMCI) was downgraded by investment analysts at The Goldman Sachs Group from a “neutral” rating to a “sell” rating in a research report issued to clients and investors on Monday, Marketbeat reports. They currently have a $32.00 price target on the stock, down from their previous price target of $40.00. The Goldman Sachs Group’s price target indicates a potential downside of 24.08% from the company’s previous close.

A number of other equities analysts have also recently issued reports on the company. Barclays initiated coverage on Super Micro Computer in a report on Thursday, February 27th. They set an “equal weight” rating and a $59.00 price objective for the company. StockNews.com raised shares of Super Micro Computer to a “sell” rating in a research note on Friday, February 28th. Wedbush restated a “hold” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Northland Securities set a $70.00 price objective on shares of Super Micro Computer in a report on Thursday, March 6th. Finally, Cfra upgraded shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research note on Tuesday, February 11th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $53.00.

Super Micro Computer Stock Performance

Super Micro Computer stock opened at $42.15 on Monday. 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 firm has a market capitalization of $25.02 billion, a P/E ratio of 21.16 and a beta of 1.21. Super Micro Computer has a 1-year low of $17.25 and a 1-year high of $110.61. The company’s 50-day moving average is $38.66 and its 200 day moving average is $37.84.

Insider Buying and Selling at Super Micro Computer

In other news, CEO Charles Liang sold 46,293 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $50.17, for a total transaction of $2,322,519.81. Following the sale, the chief executive officer now directly owns 67,403,640 shares in the company, valued at $3,381,640,618.80. This trade represents a 0.07 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert L. Blair sold 19,460 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $42.58, for a total value of $828,606.80. The disclosure for this sale can be found here. Over the last ninety days, insiders 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

Institutional investors have recently made changes to their positions in the company. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Super Micro Computer during the 3rd quarter worth $548,000. PNC Financial Services Group Inc. lifted its stake in shares of Super Micro Computer by 34.1% in the third quarter. PNC Financial Services Group Inc. now owns 9,174 shares of the company’s stock worth $3,820,000 after buying an additional 2,335 shares in the last quarter. Advisors Asset Management Inc. boosted its position in Super Micro Computer by 22.3% during the third quarter. Advisors Asset Management Inc. now owns 2,618 shares of the company’s stock worth $1,090,000 after acquiring an additional 478 shares during the last quarter. Meridian Wealth Management LLC purchased a new stake in Super Micro Computer during the 3rd quarter valued at about $270,000. Finally, Cerity Partners LLC raised its holdings in Super Micro Computer by 22.5% in the 3rd quarter. Cerity Partners LLC now owns 2,707 shares of the company’s stock valued at $1,127,000 after acquiring an additional 497 shares during the last quarter. 84.06% of the stock is 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.