Super Micro Computer (NASDAQ:SMCI) Stock Price Down 4.6% – Time to Sell?

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on SMCI shares. Mizuho began coverage on shares of Super Micro Computer in a research report on Tuesday, September 17th. They issued a “neutral” rating and a $45.00 target price for the company. Wedbush reissued a “neutral” rating and issued a $32.00 price objective (down from $62.00) on shares of Super Micro Computer in a report on Monday, November 4th. The Goldman Sachs Group reduced their target price on Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating on the stock in a report on Wednesday, November 6th. Argus downgraded Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Finally, Loop Capital reduced their price objective on Super Micro Computer from $150.00 to $100.00 and set a “buy” rating on the stock in a research note on Monday, September 23rd. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $66.89.

Super Micro Computer Price Performance

The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $17.89 billion, a PE ratio of 16.05 and a beta of 1.29. The stock’s 50-day moving average is $33.91 and its 200 day moving average is $52.57.

Hedge Funds Weigh In On Super Micro Computer

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fielder Capital Group LLC raised its holdings in shares of Super Micro Computer by 2.8% during the 2nd quarter. Fielder Capital Group LLC now owns 580 shares of the company’s stock valued at $475,000 after purchasing an additional 16 shares in the last quarter. Kathmere Capital Management LLC lifted its position in shares of Super Micro Computer by 5.0% in the second quarter. Kathmere Capital Management LLC now owns 379 shares of the company’s stock worth $311,000 after buying an additional 18 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of Super Micro Computer by 0.4% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 4,322 shares of the company’s stock worth $3,541,000 after acquiring an additional 19 shares in the last quarter. Farmers & Merchants Investments Inc. increased its holdings in shares of Super Micro Computer by 400.0% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 30 shares of the company’s stock valued at $25,000 after acquiring an additional 24 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. raised its stake in shares of Super Micro Computer by 141.2% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 41 shares of the company’s stock valued at $34,000 after acquiring an additional 24 shares in the last quarter. Institutional investors 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.