Shares of Super Micro Computer (NASDAQ:SMCI) dropped 5.1% during mid-day trading on Monday . The company traded as low as $18.50 and last traded at $18.70. Approximately 616,868 shares traded hands during mid-day trading, an increase of 17% from the average daily volume of 525,047 shares. The stock had previously closed at $19.70.
SMCI has been the topic of a number of recent research reports. BidaskClub downgraded Super Micro Computer from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th. Maxim Group lifted their target price on Super Micro Computer from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. Finally, Zacks Investment Research raised Super Micro Computer from a “hold” rating to a “strong-buy” rating and set a $24.00 target price on the stock in a research report on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $28.14.
The company has a quick ratio of 1.15, a current ratio of 2.34 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $959.25, a price-to-earnings ratio of 13.93, a P/E/G ratio of 1.02 and a beta of 0.09.
A number of institutional investors have recently bought and sold shares of SMCI. Macquarie Group Ltd. grew its holdings in Super Micro Computer by 35.4% during the fourth quarter. Macquarie Group Ltd. now owns 1,990,175 shares of the technology company’s stock worth $41,644,000 after purchasing an additional 520,379 shares during the period. Royce & Associates LP grew its holdings in Super Micro Computer by 68.5% during the third quarter. Royce & Associates LP now owns 1,242,195 shares of the technology company’s stock worth $27,453,000 after purchasing an additional 504,903 shares during the period. Guggenheim Capital LLC bought a new position in Super Micro Computer during the fourth quarter worth about $6,544,000. BlackRock Inc. grew its holdings in Super Micro Computer by 4.3% during the fourth quarter. BlackRock Inc. now owns 4,996,628 shares of the technology company’s stock worth $104,553,000 after purchasing an additional 205,981 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Super Micro Computer by 4.8% during the third quarter. Dimensional Fund Advisors LP now owns 3,468,926 shares of the technology company’s stock worth $76,663,000 after purchasing an additional 159,049 shares during the period. Institutional investors and hedge funds own 80.61% of the company’s stock.
ILLEGAL ACTIVITY WARNING: This news story was first reported by Transcript Daily and is owned by of Transcript Daily. If you are reading this news story on another website, it was stolen and reposted in violation of international trademark & copyright laws. The original version of this news story can be read at https://transcriptdaily.com/2018/03/21/super-micro-computer-smci-shares-down-5-1.html.
Super Micro Computer Company Profile
Super Micro Computer, Inc, together with its subsidiaries, develops and provides high performance server solutions based on modular and open architecture. It offers a range of server, storage, blade, workstation, and full rack solutions, as well as networking devices, server management software, and technology support and services.
Receive News & Ratings for Super Micro Computer Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Super Micro Computer and related companies with MarketBeat.com's FREE daily email newsletter.