Super Micro Computer (NASDAQ:SMCI) Downgraded by StockNews.com to Sell

Super Micro Computer (NASDAQ:SMCI) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.

A number of other analysts have also issued reports on SMCI. Argus started coverage on Super Micro Computer in a research report on Wednesday, March 6th. They issued a “buy” rating and a $1,350.00 target price on the stock. Loop Capital boosted their price objective on Super Micro Computer from $600.00 to $1,500.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Rosenblatt Securities restated a “buy” rating and set a $1,300.00 target price on shares of Super Micro Computer in a report on Wednesday, May 1st. Wells Fargo & Company cut their price target on shares of Super Micro Computer from $960.00 to $890.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 1st. Finally, The Goldman Sachs Group lowered their price objective on shares of Super Micro Computer from $937.00 to $800.00 and set a “neutral” rating for the company in a research note on Wednesday, May 1st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Super Micro Computer has a consensus rating of “Hold” and a consensus target price of $954.38.

Super Micro Computer Stock Up 0.4 %

Shares of SMCI opened at $822.64 on Thursday. The company’s 50-day moving average price is $944.79 and its 200 day moving average price is $594.69. Super Micro Computer has a 12-month low of $131.06 and a 12-month high of $1,229.00. The company has a current ratio of 4.69, a quick ratio of 2.29 and a debt-to-equity ratio of 0.35. The firm has a market cap of $46.01 billion, a P/E ratio of 46.11, a price-to-earnings-growth ratio of 0.71 and a beta of 1.34.

Insider Buying and Selling at Super Micro Computer

In other news, SVP Don W. Clegg sold 28,727 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $874.57, for a total transaction of $25,123,772.39. Following the completion of the sale, the senior vice president now owns 2,110 shares in the company, valued at approximately $1,845,342.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Super Micro Computer news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $869.62, for a total value of $456,550.50. Following the completion of the sale, the director now owns 3,459 shares in the company, valued at $3,008,015.58. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Don W. Clegg sold 28,727 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $874.57, for a total transaction of $25,123,772.39. Following the transaction, the senior vice president now owns 2,110 shares in the company, valued at $1,845,342.70. The disclosure for this sale can be found here. Insiders have sold 34,252 shares of company stock worth $29,950,223 over the last three months. Insiders own 17.60% of the company’s stock.

Institutional Trading of Super Micro Computer

A number of large investors have recently bought and sold shares of the business. Allworth Financial LP purchased a new stake in shares of Super Micro Computer in the third quarter valued at about $27,000. Optimum Investment Advisors acquired a new stake in Super Micro Computer during the 4th quarter worth approximately $28,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Super Micro Computer in the 4th quarter valued at approximately $30,000. FinTrust Capital Advisors LLC acquired a new position in shares of Super Micro Computer in the fourth quarter valued at approximately $33,000. Finally, Bank of New Hampshire purchased a new stake in shares of Super Micro Computer during the first quarter worth approximately $35,000. Institutional investors and hedge funds own 84.06% of the company’s stock.

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.