Super Micro Computer (NASDAQ:SMCI) Stock Price Down 0.1% – Time to Sell?

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) were down 0.1% on Wednesday . The stock traded as low as $27.61 and last traded at $28.16. Approximately 10,185,811 shares changed hands during trading, a decline of 69% from the average daily volume of 32,412,988 shares. The stock had previously closed at $28.18.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. JPMorgan Chase & Co. cut Super Micro Computer from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $50.00 to $23.00 in a research report on Wednesday, November 6th. Wedbush restated a “neutral” rating and issued a $32.00 price objective (down from $62.00) on shares of Super Micro Computer in a research report on Monday, November 4th. Northland Capmk upgraded Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. Argus cut Super Micro Computer from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Finally, The Goldman Sachs Group dropped their price target on Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating for the company in a research report on Wednesday, November 6th. Three research analysts have rated the stock with a sell rating, eleven have given 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, Super Micro Computer has an average rating of “Hold” and an average price target of $62.89.

Super Micro Computer Price Performance

The stock has a 50 day simple moving average of $34.00 and a two-hundred day simple moving average of $43.38. The company has a market cap of $16.12 billion, a price-to-earnings ratio of 14.48 and a beta of 1.31. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93.

Hedge Funds Weigh In On Super Micro Computer

Several large investors have recently modified their holdings of the business. Salem Investment Counselors Inc. purchased a new stake in shares of Super Micro Computer in the 4th quarter valued at $30,000. Trust Co. of Vermont raised its holdings in shares of Super Micro Computer by 900.0% in the 4th quarter. Trust Co. of Vermont now owns 1,000 shares of the company’s stock valued at $30,000 after buying an additional 900 shares during the period. Toth Financial Advisory Corp purchased a new stake in shares of Super Micro Computer in the 4th quarter valued at $31,000. Golden State Wealth Management LLC purchased a new stake in shares of Super Micro Computer in the 4th quarter valued at $34,000. Finally, Blue Trust Inc. raised its holdings in shares of Super Micro Computer by 203.2% in the 4th quarter. Blue Trust Inc. now owns 1,231 shares of the company’s stock valued at $38,000 after buying an additional 825 shares during the period. Institutional investors and hedge funds 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.