Super Micro Computer (NASDAQ:SMCI) Trading Down 0.7% – What’s Next?

Super Micro Computer, Inc. (NASDAQ:SMCI) shares fell 0.7% during trading on Wednesday . The stock traded as low as $29.95 and last traded at $30.48. 26,425,096 shares changed hands during trading, a decline of 68% from the average session volume of 82,106,219 shares. The stock had previously closed at $30.68.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Northland Capmk upgraded Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. Mizuho assumed coverage on 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. StockNews.com cut Super Micro Computer from a “hold” rating to a “sell” rating in a research report on Wednesday, October 9th. Loop Capital cut their price objective 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. Finally, Argus lowered shares of Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $66.89.

Super Micro Computer Stock Performance

The company’s 50-day simple moving average is $32.96 and its 200-day simple moving average is $51.29. The stock has a market capitalization of $16.81 billion, a price-to-earnings ratio of 15.09 and a beta of 1.29. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SMCI. Farmers & Merchants Investments Inc. increased its stake in shares of Super Micro Computer by 400.0% in the second quarter. Farmers & Merchants Investments Inc. now owns 30 shares of the company’s stock valued at $25,000 after buying an additional 24 shares during the period. Moser Wealth Advisors LLC acquired a new stake in Super Micro Computer during the 2nd quarter valued at approximately $25,000. Hazlett Burt & Watson Inc. raised its holdings in Super Micro Computer by 141.2% during the 2nd 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 last quarter. Resources Management Corp CT ADV lifted its position in shares of Super Micro Computer by 100.0% in the 2nd quarter. Resources Management Corp CT ADV now owns 60 shares of the company’s stock worth $49,000 after purchasing an additional 30 shares during the period. Finally, Clear Point Advisors Inc. boosted its stake in shares of Super Micro Computer by 471.4% in the 2nd quarter. Clear Point Advisors Inc. now owns 80 shares of the company’s stock valued at $66,000 after purchasing an additional 66 shares during the last quarter. 84.06% of the stock is owned by 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.