Super Micro Computer (NASDAQ:SMCI) Stock Price Down 1.2% – Should You Sell?

Super Micro Computer, Inc. (NASDAQ:SMCI)’s share price traded down 1.2% during trading on Thursday . The company traded as low as $41.14 and last traded at $41.31. 25,590,679 shares were traded during mid-day trading, a decline of 69% from the average session volume of 83,756,695 shares. The stock had previously closed at $41.81.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Needham & Company LLC assumed coverage on shares of Super Micro Computer in a research note on Wednesday, September 18th. They issued a “buy” rating and a $60.00 price objective on the stock. Cfra reissued a “hold” rating and issued a $45.40 price objective (down from $72.90) on shares of Super Micro Computer in a research note on Wednesday, August 28th. Rosenblatt Securities reissued a “buy” rating and issued a $130.00 price objective on shares of Super Micro Computer in a research note on Wednesday, August 7th. The Goldman Sachs Group dropped their price objective on shares of 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, Mizuho assumed coverage on shares of Super Micro Computer in a research note on Tuesday, September 17th. They issued a “neutral” rating and a $45.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Super Micro Computer has a consensus rating of “Hold” and an average target price of $66.89.

Super Micro Computer Stock Up 1.0 %

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 firm’s 50-day moving average is $37.01 and its 200 day moving average is $58.00. The firm has a market capitalization of $23.61 billion, a PE ratio of 20.74 and a beta of 1.29.

Institutional Investors Weigh In On Super Micro Computer

Several institutional investors and hedge funds have recently made changes to their positions in the business. Synovus Financial Corp purchased a new stake in shares of Super Micro Computer in the 3rd quarter worth about $443,000. Tidal Investments LLC lifted its holdings in Super Micro Computer by 143.8% in the 3rd quarter. Tidal Investments LLC now owns 50,355 shares of the company’s stock valued at $20,968,000 after purchasing an additional 29,697 shares in the last quarter. World Investment Advisors LLC lifted its holdings in Super Micro Computer by 13,210.5% in the 3rd quarter. World Investment Advisors LLC now owns 56,969 shares of the company’s stock valued at $23,722,000 after purchasing an additional 56,541 shares in the last quarter. Sanctuary Advisors LLC lifted its holdings in Super Micro Computer by 254.7% in the 3rd quarter. Sanctuary Advisors LLC now owns 30,634 shares of the company’s stock valued at $12,756,000 after purchasing an additional 21,997 shares in the last quarter. Finally, Strait & Sound Wealth Management LLC purchased a new position in Super Micro Computer in the 3rd quarter valued at about $1,143,000. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

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.