Super Micro Computer (NASDAQ:SMCI) Stock Price Down 0.6% – Time to Sell?

Super Micro Computer, Inc. (NASDAQ:SMCI) shares dropped 0.6% on Thursday . The stock traded as low as $32.79 and last traded at $33.66. Approximately 8,595,755 shares changed hands during trading, a decline of 72% from the average daily volume of 30,846,871 shares. The stock had previously closed at $33.86.

Analysts Set New Price Targets

SMCI has been the topic of several recent research reports. Argus cut Super Micro Computer from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. cut shares of Super Micro Computer from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from $50.00 to $23.00 in a research note on Wednesday, November 6th. Loop Capital upped their price objective on Super Micro Computer from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday. Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. Finally, Wedbush reiterated a “neutral” rating and issued a $32.00 price objective (down previously from $62.00) on shares of Super Micro Computer in a research note on Monday, November 4th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $62.89.

Super Micro Computer Stock Down 0.4 %

The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. The stock has a market cap of $18.61 billion, a price-to-earnings ratio of 16.70 and a beta of 1.31. The firm’s 50-day moving average is $33.83 and its 200 day moving average is $45.41.

Institutional Investors Weigh In On Super Micro Computer

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kathmere Capital Management LLC lifted its stake in shares of Super Micro Computer by 5.0% during the second quarter. Kathmere Capital Management LLC now owns 379 shares of the company’s stock worth $311,000 after purchasing an additional 18 shares in the last quarter. Anchor Investment Management LLC boosted its holdings in Super Micro Computer by 13.7% in the 2nd quarter. Anchor Investment Management LLC now owns 324 shares of the company’s stock worth $265,000 after acquiring an additional 39 shares during the period. Sunbelt Securities Inc. grew its position in Super Micro Computer by 4.6% in the second quarter. Sunbelt Securities Inc. now owns 2,010 shares of the company’s stock valued at $1,647,000 after acquiring an additional 88 shares in the last quarter. Dorsey Wright & Associates raised its stake in shares of Super Micro Computer by 1.3% during the second quarter. Dorsey Wright & Associates now owns 7,224 shares of the company’s stock valued at $5,919,000 after purchasing an additional 90 shares during the period. Finally, Daymark Wealth Partners LLC lifted its position in shares of Super Micro Computer by 50.5% during the second quarter. Daymark Wealth Partners LLC now owns 301 shares of the company’s stock worth $247,000 after purchasing an additional 101 shares in the last quarter. 84.06% of the stock is currently owned by institutional investors and hedge funds.

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.