Super Micro Computer (NASDAQ:SMCI) Trading Down 5.9% – What’s Next?

Super Micro Computer, Inc. (NASDAQ:SMCI) shares were down 5.9% during trading on Monday . The company traded as low as $29.01 and last traded at $30.67. Approximately 19,555,264 shares were traded during mid-day trading, a decline of 38% from the average daily volume of 31,789,586 shares. The stock had previously closed at $32.60.

Analysts Set New Price Targets

A number of research analysts recently commented on SMCI shares. StockNews.com lowered shares of Super Micro Computer from a “hold” rating to a “sell” rating in a research note on Wednesday, October 9th. Wedbush reiterated a “neutral” rating and issued a $32.00 price target (down previously from $62.00) on shares of Super Micro Computer in a research note on Monday, November 4th. Mizuho initiated coverage on shares of Super Micro Computer in a report on Tuesday, September 17th. They issued a “neutral” rating and a $45.00 price objective for the company. Northland Capmk raised shares of Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. Finally, Loop Capital cut their price objective 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. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $66.89.

Super Micro Computer Stock Performance

The stock’s fifty day moving average price is $32.18 and its two-hundred day moving average price is $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. The company has a market cap of $17.56 billion, a P/E ratio of 15.76 and a beta of 1.31.

Institutional Trading of Super Micro Computer

Institutional investors and hedge funds have recently made changes to their positions in the company. Kathmere Capital Management LLC lifted its stake in Super Micro Computer by 5.0% in the 2nd quarter. Kathmere Capital Management LLC now owns 379 shares of the company’s stock valued at $311,000 after purchasing an additional 18 shares during the last quarter. Mount Yale Investment Advisors LLC lifted its stake in Super Micro Computer by 7.0% in the 2nd quarter. Mount Yale Investment Advisors LLC now owns 428 shares of the company’s stock valued at $351,000 after purchasing an additional 28 shares during the last quarter. Steel Grove Capital Advisors LLC lifted its stake in Super Micro Computer by 3.9% in the 2nd quarter. Steel Grove Capital Advisors LLC now owns 790 shares of the company’s stock valued at $647,000 after purchasing an additional 30 shares during the last quarter. Resources Management Corp CT ADV lifted its stake in Super Micro Computer by 100.0% in the 2nd quarter. Resources Management Corp CT ADV now owns 60 shares of the company’s stock valued at $49,000 after purchasing an additional 30 shares during the last quarter. Finally, Harmony Asset Management LLC lifted its stake in Super Micro Computer by 0.6% in the 2nd quarter. Harmony Asset Management LLC now owns 6,187 shares of the company’s stock valued at $5,069,000 after purchasing an additional 39 shares during the last quarter. Institutional investors 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.