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

Super Micro Computer, Inc. (NASDAQ:SMCI)’s stock price dropped 3.2% on Tuesday . The company 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 subject of a number of research reports. Mizuho initiated 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 for the company. Loop Capital cut their target price on shares of Super Micro Computer from $150.00 to $100.00 and set a “buy” rating for the company in a research report on Monday, September 23rd. Barclays cut their target price on shares of Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 2nd. Wells Fargo & Company lowered their price target on shares of Super Micro Computer from $65.00 to $37.50 and set an “equal weight” rating on the stock in a report on Wednesday, August 28th. Finally, JPMorgan Chase & Co. downgraded shares of Super Micro Computer from a “neutral” rating to an “underweight” rating and lowered their price target for the stock from $50.00 to $23.00 in a report on Wednesday, November 6th. 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’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $66.89.

Super Micro Computer Trading Down 6.6 %

The stock has a market cap of $12.14 billion, a P/E ratio of 11.30 and a beta of 1.28. 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 stock’s fifty day moving average price is $41.52 and its 200 day moving average price is $64.29.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SMCI. Farmers & Merchants Investments Inc. increased its stake in Super Micro Computer by 400.0% in the second quarter. Farmers & Merchants Investments Inc. now owns 30 shares of the company’s stock worth $25,000 after purchasing an additional 24 shares during the period. Moser Wealth Advisors LLC acquired a new stake in Super Micro Computer in the second quarter valued at approximately $25,000. Hazlett Burt & Watson Inc. boosted its stake in shares of Super Micro Computer by 141.2% in the second quarter. Hazlett Burt & Watson Inc. now owns 41 shares of the company’s stock worth $34,000 after acquiring an additional 24 shares during the last quarter. AlphaCentric Advisors LLC acquired a new position in Super Micro Computer during the second quarter worth $42,000. Finally, First PREMIER Bank raised its position in Super Micro Computer by 126.1% in 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 during the period. 84.06% of the stock is currently 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.