Super Micro Computer (NASDAQ:SMCI) Stock Price Down 1.6% – What’s Next?

Super Micro Computer, Inc. (NASDAQ:SMCI)’s stock price dropped 1.6% during mid-day trading on Thursday . The company traded as low as $35.57 and last traded at $36.43. Approximately 17,506,224 shares changed hands during mid-day trading, a decline of 76% from the average daily volume of 72,958,005 shares. The stock had previously closed at $37.04.

Analyst Ratings Changes

A number of research analysts have recently commented on SMCI shares. JPMorgan Chase & Co. upgraded Super Micro Computer from an “underweight” rating to a “neutral” rating and increased their target price for the company from $35.00 to $45.00 in a research report on Friday, March 21st. StockNews.com upgraded shares of Super Micro Computer to a “sell” rating in a research report on Friday, February 28th. Loop Capital restated a “buy” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. The Goldman Sachs Group cut shares of Super Micro Computer from a “neutral” rating to a “sell” rating and decreased their target price for the company from $40.00 to $32.00 in a research report on Monday, March 24th. Finally, Northland Capmk upgraded Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $53.00.

Super Micro Computer Stock Down 1.3 %

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 50-day simple moving average of $39.33 and a 200 day simple moving average of $37.77. The company has a market cap of $20.33 billion, a P/E ratio of 17.20 and a beta of 1.21.

Insider Activity

In related news, CEO Charles Liang sold 46,293 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $50.17, for a total value of $2,322,519.81. Following the transaction, the chief executive officer now owns 67,403,640 shares of the company’s stock, valued at $3,381,640,618.80. This represents a 0.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert L. Blair sold 19,460 shares of Super Micro Computer stock in a transaction on Friday, February 28th. The shares were 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 currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SMCI. Clear Creek Financial Management LLC bought a new position in shares of Super Micro Computer during the fourth quarter valued at approximately $635,000. Nepsis Inc. purchased a new stake in Super Micro Computer during the fourth quarter worth $13,625,000. Sanctuary Advisors LLC boosted its position in Super Micro Computer by 254.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 30,634 shares of the company’s stock valued at $12,756,000 after acquiring an additional 21,997 shares in the last quarter. Fifth Third Bancorp increased its holdings in shares of Super Micro Computer by 1,476.6% in the 4th quarter. Fifth Third Bancorp now owns 12,266 shares of the company’s stock valued at $374,000 after acquiring an additional 11,488 shares during the period. Finally, Oak Thistle LLC bought a new position in shares of Super Micro Computer in the 4th quarter worth $277,000. Hedge funds and other 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.