Super Micro Computer (NASDAQ:SMCI) Shares Down 1.4% – What’s Next?

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) traded down 1.4% on Thursday . The company traded as low as $39.54 and last traded at $39.53. 14,722,727 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 73,111,528 shares. The stock had previously closed at $40.10.

Analyst Ratings Changes

A number of research firms have recently commented on SMCI. Northland Capmk raised Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. Wedbush reiterated a “hold” rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. JPMorgan Chase & Co. raised shares of Super Micro Computer from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $35.00 to $45.00 in a report on Friday. The Goldman Sachs Group raised their price target on shares of Super Micro Computer from $32.00 to $36.00 and gave the company a “neutral” rating in a research note on Monday, February 24th. Finally, Northland Securities set a $70.00 price objective on shares of Super Micro Computer in a research note on Thursday, March 6th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $53.29.

Super Micro Computer Price Performance

The company has a fifty day simple moving average of $38.66 and a 200 day simple moving average of $37.92. The stock has a market capitalization of $25.02 billion, a price-to-earnings ratio of 21.16 and a beta of 1.21. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77.

Insider Activity at Super Micro Computer

In other news, CEO Charles Liang sold 46,293 shares of the company’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $50.17, for a total value of $2,322,519.81. Following the sale, the chief executive officer now directly owns 67,403,640 shares of the company’s stock, valued at approximately $3,381,640,618.80. This represents a 0.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert L. Blair sold 19,460 shares of Super Micro Computer stock in a transaction on Friday, February 28th. The stock was sold at an average price of $42.58, for a total transaction of $828,606.80. The disclosure for this sale can be found here. Insiders have sold 137,473 shares of company stock worth $6,771,552 over the last ninety days. Insiders own 17.60% of the company’s stock.

Hedge Funds Weigh In On Super Micro Computer

Institutional investors have recently added to or reduced their stakes in the business. Meridian Wealth Management LLC bought a new stake in shares of Super Micro Computer in the 3rd quarter valued at $270,000. Benjamin Edwards Inc. bought a new stake in Super Micro Computer in the third quarter valued at $383,000. Parkside Financial Bank & Trust raised its holdings in shares of Super Micro Computer by 2,890.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 987 shares of the company’s stock valued at $30,000 after purchasing an additional 954 shares during the period. Larson Financial Group LLC boosted its position in shares of Super Micro Computer by 902.0% during the 4th quarter. Larson Financial Group LLC now owns 992 shares of the company’s stock worth $30,000 after purchasing an additional 893 shares in the last quarter. Finally, Salem Investment Counselors Inc. acquired a new stake in shares of Super Micro Computer in the 4th quarter valued at about $30,000. 84.06% of the stock is 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.