Super Micro Computer (NASDAQ:SMCI) Shares Down 2.8% – Time to Sell?

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) dropped 2.8% during trading on Friday . The stock traded as low as $32.66 and last traded at $32.74. Approximately 9,801,337 shares were traded during trading, a decline of 87% from the average daily volume of 73,310,007 shares. The stock had previously closed at $33.68.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Loop Capital reiterated a “buy” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Rosenblatt Securities initiated coverage on Super Micro Computer in a research report on Monday, March 10th. They set a “buy” rating and a $60.00 price objective for the company. The Goldman Sachs Group cut shares of Super Micro Computer from a “neutral” rating to a “sell” rating and decreased their target price for the company from $40.00 to $32.00 in a research report on Monday, March 24th. Barclays initiated coverage on shares of Super Micro Computer in a research report on Thursday, February 27th. They set an “equal weight” rating and a $59.00 price target for the company. Finally, Northland Capmk raised shares of Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $53.00.

Super Micro Computer Stock Performance

The company has a market capitalization of $19.67 billion, a PE ratio of 16.64 and a beta of 1.22. The stock’s 50-day simple moving average is $40.16 and its 200 day simple moving average is $36.88. 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 Buying and Selling at Super Micro Computer

In related news, Director Robert L. Blair sold 19,460 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $42.58, for a total transaction of $828,606.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP George Kao sold 71,720 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $50.48, for a total value of $3,620,425.60. Following the completion of the transaction, the senior vice president now directly owns 19,449 shares of the company’s stock, valued at $981,785.52. This trade represents a 78.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 137,473 shares of company stock worth $6,771,552 over the last ninety days. Corporate insiders own 17.60% of the company’s stock.

Institutional Investors Weigh In On Super Micro Computer

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in shares of Super Micro Computer by 908.4% in the 4th quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company’s stock valued at $1,889,531,000 after purchasing an additional 55,845,073 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Super Micro Computer by 914.7% in the fourth quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company’s stock valued at $390,572,000 after acquiring an additional 11,580,677 shares during the period. FMR LLC purchased a new position in shares of Super Micro Computer during the fourth quarter worth approximately $292,869,000. Invesco Ltd. increased its holdings in shares of Super Micro Computer by 929.5% in the 4th quarter. Invesco Ltd. now owns 7,542,742 shares of the company’s stock valued at $229,903,000 after acquiring an additional 6,810,082 shares during the period. Finally, Northern Trust Corp raised its position in Super Micro Computer by 1,573.8% in the 4th quarter. Northern Trust Corp now owns 4,897,876 shares of the company’s stock valued at $149,287,000 after purchasing an additional 4,605,260 shares during the last quarter. 84.06% of the stock is owned by hedge funds and other institutional investors.

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.