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

Super Micro Computer, Inc. (NASDAQ:SMCI) shares gapped down before the market opened on Monday . The stock had previously closed at $32.60, but opened at $30.84. Super Micro Computer shares last traded at $29.56, with a volume of 10,801,152 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on SMCI. Northland Capmk raised Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. StockNews.com downgraded shares of Super Micro Computer from a “hold” rating to a “sell” rating in a report on Wednesday, October 9th. The Goldman Sachs Group decreased their price objective on shares of Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating for the company in a research note on Wednesday, November 6th. Needham & Company LLC assumed coverage on shares of Super Micro Computer in a research note on Wednesday, September 18th. They issued a “buy” rating and a $60.00 price objective on the stock. Finally, Argus lowered shares of Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Super Micro Computer has an average rating of “Hold” and a consensus target price of $66.89.

Super Micro Computer Trading Down 1.8 %

The company has a market capitalization of $17.08 billion, a PE ratio of 15.33 and a beta of 1.31. The company has a 50 day simple moving average of $32.18 and a 200 day simple moving average of $47.77. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Bouvel Investment Partners LLC boosted its stake in Super Micro Computer by 1,719.0% during the 4th quarter. Bouvel Investment Partners LLC now owns 46,785 shares of the company’s stock worth $1,426,000 after purchasing an additional 44,213 shares during the last quarter. BluePath Capital Management LLC lifted its stake in shares of Super Micro Computer by 2,415.8% in the fourth quarter. BluePath Capital Management LLC now owns 27,875 shares of the company’s stock worth $866,000 after buying an additional 26,767 shares in the last quarter. Armstrong Advisory Group Inc. acquired a new position in Super Micro Computer during the fourth quarter worth about $56,000. Burney Co. grew its stake in Super Micro Computer by 547.2% during the 4th quarter. Burney Co. now owns 6,757 shares of the company’s stock valued at $206,000 after acquiring an additional 5,713 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its holdings in Super Micro Computer by 1,266.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,197 shares of the company’s stock valued at $97,000 after acquiring an additional 2,963 shares during the last quarter. 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.