Super Micro Computer (NASDAQ:SMCI) Shares Down 4.6% – Should You Sell?

Super Micro Computer, Inc. (NASDAQ:SMCI)’s stock price was down 4.6% during trading on Friday . The stock traded as low as $32.08 and last traded at $32.20. Approximately 10,426,943 shares were traded during trading, a decline of 87% from the average daily volume of 82,438,508 shares. The stock had previously closed at $33.74.

Analyst Ratings Changes

A number of brokerages have weighed in on SMCI. The Goldman Sachs Group reduced their price target on shares of Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating for the company in a report on Wednesday, November 6th. StockNews.com downgraded Super Micro Computer from a “hold” rating to a “sell” rating in a research report on Wednesday, October 9th. Needham & Company LLC initiated coverage on Super Micro Computer in a research report on Wednesday, September 18th. They issued a “buy” rating and a $60.00 price objective for the company. Loop Capital lowered their price objective on 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, JPMorgan Chase & Co. cut Super Micro Computer from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from $50.00 to $23.00 in a research report on Wednesday, November 6th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $66.89.

Super Micro Computer Stock Performance

The stock has a 50 day moving average price of $34.21 and a two-hundred day moving average price of $52.90. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. The company has a market capitalization of $17.75 billion, a price-to-earnings ratio of 15.93 and a beta of 1.29.

Institutional Investors Weigh In On Super Micro Computer

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fielder Capital Group LLC grew its stake in shares of Super Micro Computer by 2.8% during the second quarter. Fielder Capital Group LLC now owns 580 shares of the company’s stock valued at $475,000 after purchasing an additional 16 shares during the last quarter. Kathmere Capital Management LLC increased its stake in shares of Super Micro Computer by 5.0% in the 2nd quarter. Kathmere Capital Management LLC now owns 379 shares of the company’s stock valued at $311,000 after buying an additional 18 shares during the period. Oregon Public Employees Retirement Fund boosted its holdings in Super Micro Computer by 0.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 4,322 shares of the company’s stock valued at $3,541,000 after acquiring an additional 19 shares during the last quarter. Farmers & Merchants Investments Inc. increased its position 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. Finally, Hazlett Burt & Watson Inc. increased its position in 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 purchasing an additional 24 shares during the period. Institutional investors and hedge funds own 84.06% of the company’s stock.

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.