Super Micro Computer (NASDAQ:SMCI) Trading Down 0.1% – What’s Next?

Super Micro Computer, Inc. (NASDAQ:SMCI) shares were down 0.1% on Tuesday . The company traded as low as $41.16 and last traded at $41.69. Approximately 25,135,895 shares changed hands during mid-day trading, a decline of 66% from the average daily volume of 74,943,023 shares. The stock had previously closed at $41.72.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on SMCI. Northland Capmk upgraded Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. Cfra upgraded shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a research report on Tuesday, February 11th. JPMorgan Chase & Co. upgraded Super Micro Computer from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $35.00 to $45.00 in a report on Friday, March 21st. Rosenblatt Securities assumed coverage on Super Micro Computer in a report on Monday, March 10th. They set a “buy” rating and a $60.00 target price on the stock. Finally, Barclays started coverage on Super Micro Computer in a research note on Thursday, February 27th. They issued an “equal weight” rating and a $59.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has given 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 $53.00.

Super Micro Computer Price Performance

The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. The firm has a market capitalization of $21.47 billion, a price-to-earnings ratio of 18.26 and a beta of 1.21. The business’s fifty day simple moving average is $39.19 and its 200 day simple moving average is $37.81.

Insider Activity at Super Micro Computer

In other Super Micro Computer news, CEO Charles Liang sold 46,293 shares of the firm’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $50.17, for a total value of $2,322,519.81. Following the completion of the transaction, the chief executive officer now directly owns 67,403,640 shares of the company’s stock, valued at $3,381,640,618.80. This trade 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, Director Robert L. Blair sold 19,460 shares of the business’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $42.58, for a total transaction of $828,606.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 137,473 shares of company stock worth $6,771,552. 17.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Super Micro Computer

A number of institutional investors have recently added to or reduced their stakes in SMCI. Clear Creek Financial Management LLC bought a new position in shares of Super Micro Computer in the 4th quarter worth $635,000. Nepsis Inc. bought a new position in shares of Super Micro Computer during the fourth quarter valued at about $13,625,000. Sanctuary Advisors LLC increased its holdings in shares of Super Micro Computer by 254.7% in the third quarter. Sanctuary Advisors LLC now owns 30,634 shares of the company’s stock worth $12,756,000 after buying an additional 21,997 shares during the period. Fifth Third Bancorp lifted its stake in shares of Super Micro Computer by 1,476.6% in the 4th quarter. Fifth Third Bancorp now owns 12,266 shares of the company’s stock valued at $374,000 after acquiring an additional 11,488 shares during the last quarter. Finally, Bridgewater Associates LP increased its stake in Super Micro Computer by 921.1% in the 3rd quarter. Bridgewater Associates LP now owns 161,104 shares of the company’s stock worth $67,084,000 after purchasing an additional 145,327 shares during the period. 84.06% of the stock is currently owned by institutional investors.

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.