Super Micro Computer (NASDAQ:SMCI) Trading Down 3.3% – Should You Sell?

Super Micro Computer, Inc. (NASDAQ:SMCI)’s stock price fell 3.3% on Thursday . The stock traded as low as $30.82 and last traded at $31.17. 17,963,862 shares were traded during trading, a decline of 78% from the average session volume of 83,230,063 shares. The stock had previously closed at $32.23.

Wall Street Analysts Forecast Growth

SMCI has been the topic of several recent analyst reports. Wedbush reaffirmed a “neutral” rating and issued a $32.00 price target (down from $62.00) on shares of Super Micro Computer in a research report on Monday, November 4th. The Goldman Sachs Group dropped their target price on shares of Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 6th. StockNews.com downgraded shares of Super Micro Computer from a “hold” rating to a “sell” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. downgraded shares of Super Micro Computer from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $50.00 to $23.00 in a report on Wednesday, November 6th. Finally, Needham & Company LLC initiated coverage on shares of Super Micro Computer in a research report on Wednesday, September 18th. They set a “buy” rating and a $60.00 price objective for the company. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $66.89.

Super Micro Computer Stock Up 1.1 %

The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. The firm’s 50-day simple moving average is $35.34 and its two-hundred day simple moving average is $54.30. The stock has a market cap of $17.67 billion, a price-to-earnings ratio of 15.86 and a beta of 1.29.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. State Street Corp lifted its stake in shares of Super Micro Computer by 4.3% during the third quarter. State Street Corp now owns 2,138,142 shares of the company’s stock valued at $890,322,000 after acquiring an additional 88,692 shares during the period. Geode Capital Management LLC boosted its stake in shares of Super Micro Computer by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,266,040 shares of the company’s stock valued at $529,753,000 after purchasing an additional 16,007 shares during the last quarter. Disciplined Growth Investors Inc. MN grew its position in shares of Super Micro Computer by 3.1% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 1,043,469 shares of the company’s stock worth $434,500,000 after buying an additional 31,064 shares during the period. International Assets Investment Management LLC raised its stake in shares of Super Micro Computer by 63,634.1% during the third quarter. International Assets Investment Management LLC now owns 916,496 shares of the company’s stock worth $381,629,000 after buying an additional 915,058 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Super Micro Computer by 0.6% in the second quarter. Dimensional Fund Advisors LP now owns 345,830 shares of the company’s stock valued at $283,609,000 after buying an additional 2,011 shares during the period. Institutional investors and hedge funds own 84.06% of the company’s stock.

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.