Super Micro Computer (NASDAQ:SMCI) Stock Price Down 1.6% – Should You Sell?

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

Analysts Set New Price Targets

Several research firms recently weighed in on SMCI. Wedbush reissued a “hold” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Cfra upgraded Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research note on Tuesday, February 11th. The Goldman Sachs Group cut Super Micro Computer from a “neutral” rating to a “sell” rating and dropped their price target for the company from $40.00 to $32.00 in a research note on Monday. Northland Securities set a $70.00 price objective on shares of Super Micro Computer in a research report on Thursday, March 6th. Finally, StockNews.com upgraded shares of Super Micro Computer to a “sell” rating in a research note on Friday, February 28th. Three equities research analysts have rated the stock with a sell rating, ten have given 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, the stock presently has an average rating of “Hold” and an average target price of $53.00.

Super Micro Computer Trading Down 2.4 %

The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. The business has a fifty day moving average of $39.19 and a 200-day moving average of $37.81. The company has a market capitalization of $21.45 billion, a P/E ratio of 18.13 and a beta of 1.21.

Insider Activity at Super Micro Computer

In other Super Micro Computer news, SVP George Kao sold 71,720 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $50.48, for a total value of $3,620,425.60. Following the completion of the sale, the senior vice president now directly owns 19,449 shares of the company’s stock, valued at approximately $981,785.52. This represents a 78.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Robert L. Blair sold 19,460 shares of Super Micro Computer stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $42.58, for a total transaction of $828,606.80. The disclosure for this sale can be found here. In the last three months, insiders sold 137,473 shares of company stock valued at $6,771,552. 17.60% of the stock is owned by insiders.

Institutional Trading of Super Micro Computer

A number of institutional investors and hedge funds have recently modified their holdings of SMCI. Wellington Management Group LLP increased its position in shares of Super Micro Computer by 461.9% during the 4th quarter. Wellington Management Group LLP now owns 37,133 shares of the company’s stock valued at $1,132,000 after purchasing an additional 30,525 shares during the last quarter. California State Teachers Retirement System increased its holdings in Super Micro Computer by 916.9% during the fourth quarter. California State Teachers Retirement System now owns 872,355 shares of the company’s stock worth $26,589,000 after buying an additional 786,568 shares during the last quarter. 111 Capital bought a new stake in Super Micro Computer in the fourth quarter worth about $338,000. Wealth Enhancement Advisory Services LLC boosted its stake in Super Micro Computer by 515.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 21,535 shares of the company’s stock valued at $656,000 after acquiring an additional 18,038 shares during the last quarter. Finally, Centaurus Financial Inc. bought a new position in shares of Super Micro Computer during the 4th quarter valued at approximately $206,000. 84.06% of the stock is owned by hedge funds and other 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.