Super Micro Computer (NASDAQ:SMCI) Stock Price Down 3.2% – Time to Sell?

Super Micro Computer, Inc. (NASDAQ:SMCI) shares dropped 3.2% during trading on Tuesday . The stock traded as low as $22.09 and last traded at $22.48. Approximately 14,372,131 shares changed hands during trading, a decline of 82% from the average daily volume of 80,536,461 shares. The stock had previously closed at $23.23.

Wall Street Analyst Weigh In

SMCI has been the topic of several recent analyst reports. Barclays cut their target price on Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. downgraded Super Micro Computer from a “neutral” rating to an “underweight” rating and cut their target price for the company from $50.00 to $23.00 in a research note on Wednesday, November 6th. Bank of America downgraded Super Micro Computer from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $109.00 to $70.00 in a research note on Wednesday, August 7th. The Goldman Sachs Group dropped their price target 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. Finally, Wells Fargo & Company dropped their price target on Super Micro Computer from $65.00 to $37.50 and set an “equal weight” rating on the stock in a research note on Wednesday, August 28th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $66.89.

Super Micro Computer Trading Down 11.4 %

The stock has a fifty day moving average of $40.61 and a 200 day moving average of $63.43. The company has a market capitalization of $10.07 billion, a P/E ratio of 9.45 and a beta of 1.28. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77.

Institutional Investors Weigh In On Super Micro Computer

Institutional investors and hedge funds have recently bought and sold shares of the business. Farmers & Merchants Investments Inc. grew its position in shares of Super Micro Computer by 400.0% during the second quarter. Farmers & Merchants Investments Inc. now owns 30 shares of the company’s stock valued at $25,000 after purchasing an additional 24 shares in the last quarter. Moser Wealth Advisors LLC purchased a new position in shares of Super Micro Computer during the second quarter valued at about $25,000. Hazlett Burt & Watson Inc. grew its position in shares of Super Micro Computer by 141.2% during the second quarter. Hazlett Burt & Watson Inc. now owns 41 shares of the company’s stock valued at $34,000 after purchasing an additional 24 shares in the last quarter. AlphaCentric Advisors LLC purchased a new position in shares of Super Micro Computer during the second quarter valued at about $42,000. Finally, First PREMIER Bank grew its position in shares of Super Micro Computer by 126.1% during the second quarter. First PREMIER Bank now owns 52 shares of the company’s stock valued at $43,000 after purchasing an additional 29 shares in the last quarter. 84.06% of the stock is owned by institutional investors.

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.