Super Micro Computer (SMCI) Shares Down 5.1%

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.

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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.

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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.

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