Super Micro Computer (NASDAQ:SMCI) Stock Price Down 2.8% – What’s Next?

Super Micro Computer, Inc. (NASDAQ:SMCI)’s share price fell 2.8% on Friday . The stock traded as low as $32.66 and last traded at $32.74. 9,801,337 shares traded hands during trading, a decline of 87% from the average session volume of 73,310,007 shares. The stock had previously closed at $33.68.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. raised Super Micro Computer from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $35.00 to $45.00 in a research note on Friday, March 21st. Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. Northland Securities set a $70.00 price target on shares of Super Micro Computer in a research report on Thursday, March 6th. The Goldman Sachs Group cut shares of Super Micro Computer from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $40.00 to $32.00 in a report on Monday, March 24th. Finally, Rosenblatt Securities began coverage on shares of Super Micro Computer in a research note on Monday, March 10th. They set a “buy” rating and a $60.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $53.00.

Super Micro Computer Stock Down 1.2 %

The business’s 50 day simple moving average is $40.08 and its 200 day simple moving average is $36.97. The company has a market capitalization of $19.74 billion, a PE ratio of 16.65 and a beta of 1.22. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32.

Insider Transactions at Super Micro Computer

In other news, CEO Charles Liang sold 46,293 shares of the company’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $50.17, for a total value of $2,322,519.81. Following the transaction, the chief executive officer now owns 67,403,640 shares in the company, valued at $3,381,640,618.80. This represents a 0.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP George Kao sold 71,720 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $50.48, for a total transaction of $3,620,425.60. Following the sale, the senior vice president now owns 19,449 shares of the company’s stock, valued at approximately $981,785.52. This represents a 78.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 137,473 shares of company stock valued at $6,771,552 over the last quarter. Company insiders own 17.60% of the company’s stock.

Hedge Funds Weigh In On Super Micro Computer

A number of hedge funds have recently modified their holdings of the stock. Salem Investment Counselors Inc. purchased a new position in Super Micro Computer in the fourth quarter valued at about $30,000. Trust Co. of Vermont grew its stake in shares of Super Micro Computer by 900.0% in the 4th quarter. Trust Co. of Vermont now owns 1,000 shares of the company’s stock valued at $30,000 after buying an additional 900 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in Super Micro Computer by 2,890.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 987 shares of the company’s stock worth $30,000 after buying an additional 954 shares during the last quarter. Larson Financial Group LLC increased its holdings in Super Micro Computer by 902.0% in the fourth quarter. Larson Financial Group LLC now owns 992 shares of the company’s stock worth $30,000 after buying an additional 893 shares during the last quarter. Finally, Toth Financial Advisory Corp bought a new position in Super Micro Computer during the fourth quarter valued at approximately $31,000. 84.06% of the stock is owned by institutional investors and hedge funds.

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.