Super Micro Computer (NASDAQ:SMCI) Trading Down 4.9% – Time to Sell?

Super Micro Computer, Inc. (NASDAQ:SMCI) traded down 4.9% during mid-day trading on Friday . The stock traded as low as $35.68 and last traded at $36.06. 23,183,063 shares changed hands during trading, a decline of 72% from the average session volume of 83,660,406 shares. The stock had previously closed at $37.93.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Argus lowered shares of Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Loop Capital lowered their price target on shares of Super Micro Computer from $150.00 to $100.00 and set a “buy” rating for the company in a report on Monday, September 23rd. Wells Fargo & Company dropped their price objective on shares of Super Micro Computer from $65.00 to $37.50 and set an “equal weight” rating for the company in a research report on Wednesday, August 28th. Wedbush reiterated a “neutral” rating and issued a $32.00 price objective (down from $62.00) on shares of Super Micro Computer in a research report on Monday, November 4th. Finally, Cfra restated a “hold” rating and set a $45.40 target price (down previously from $72.90) on shares of Super Micro Computer in a research report on Wednesday, August 28th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Super Micro Computer currently has a consensus rating of “Hold” and an average price target of $66.89.

Super Micro Computer Stock Down 3.9 %

The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. The firm’s fifty day moving average price is $36.79 and its 200-day moving average price is $55.87. The company has a market cap of $20.39 billion, a price-to-earnings ratio of 18.32 and a beta of 1.29.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Farmers & Merchants Investments Inc. lifted its holdings in shares of Super Micro Computer by 400.0% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 30 shares of the company’s stock valued at $25,000 after purchasing an additional 24 shares in the last quarter. Moser Wealth Advisors LLC bought a new position in Super Micro Computer in the second quarter valued at approximately $25,000. Hazlett Burt & Watson Inc. boosted its holdings in shares of Super Micro Computer by 141.2% in the second quarter. Hazlett Burt & Watson Inc. now owns 41 shares of the company’s stock valued at $34,000 after buying an additional 24 shares during the period. AlphaCentric Advisors LLC bought a new stake in shares of Super Micro Computer during the second quarter worth $42,000. Finally, Resources Management Corp CT ADV raised its holdings in shares of Super Micro Computer by 100.0% during the second quarter. Resources Management Corp CT ADV now owns 60 shares of the company’s stock worth $49,000 after acquiring an additional 30 shares during the period. 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.