Super Micro Computer (NASDAQ:SMCI) Stock Price Down 0.2% – What’s Next?

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) were down 0.2% during mid-day trading on Thursday . The company traded as low as $37.64 and last traded at $38.23. Approximately 17,562,512 shares changed hands during trading, a decline of 79% from the average daily volume of 83,824,984 shares. The stock had previously closed at $38.29.

Wall Street Analyst Weigh In

Several equities analysts have commented on SMCI shares. Needham & Company LLC started coverage on shares of Super Micro Computer in a research report on Wednesday, September 18th. They set a “buy” rating and a $60.00 target price on the stock. StockNews.com cut shares of Super Micro Computer from a “hold” rating to a “sell” rating in a research report on Wednesday, October 9th. Mizuho started coverage on shares of Super Micro Computer in a research report on Tuesday, September 17th. They set a “neutral” rating and a $45.00 target price on the stock. Loop Capital dropped their target price on shares of Super Micro Computer from $150.00 to $100.00 and set a “buy” rating on the stock in a research report on Monday, September 23rd. Finally, Wedbush reissued a “neutral” rating and set a $32.00 target price (down previously from $62.00) on shares of Super Micro Computer in a research report on Monday, November 4th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $66.89.

Super Micro Computer Price Performance

The business’s fifty day simple moving average is $36.96 and its 200-day simple moving average is $56.36. 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 $21.28 billion, a P/E ratio of 19.21 and a beta of 1.29.

Institutional Investors Weigh In On Super Micro Computer

Hedge funds and other institutional investors have recently bought and sold shares of the business. Rakuten Securities Inc. raised its holdings in Super Micro Computer by 391.8% during the 3rd 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. raised its holdings in Super Micro Computer by 164.8% during the 3rd quarter. Assetmark Inc. now owns 150,333 shares of the company’s stock valued at $62,599,000 after acquiring an additional 93,569 shares during the period. Bridgewater Associates LP raised its holdings in Super Micro Computer by 921.1% during the 3rd quarter. Bridgewater Associates LP now owns 161,104 shares of the company’s stock valued at $67,084,000 after acquiring an additional 145,327 shares during the period. Disciplined Growth Investors Inc. MN raised its holdings in Super Micro Computer by 3.1% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 1,043,469 shares of the company’s stock valued at $434,500,000 after acquiring an additional 31,064 shares during the period. Finally, Royal London Asset Management Ltd. raised its holdings in Super Micro Computer by 279.8% during the 3rd quarter. Royal London Asset Management Ltd. now owns 29,483 shares of the company’s stock valued at $12,277,000 after acquiring an additional 21,721 shares during the period. Institutional investors own 84.06% of the company’s stock.

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.