Super Micro Computer (NASDAQ:SMCI) Trading Down 8.3% – Time to Sell?

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) dropped 8.3% on Thursday . The company traded as low as $31.55 and last traded at $32.18. Approximately 19,946,299 shares were traded during trading, a decline of 73% from the average daily volume of 73,184,185 shares. The stock had previously closed at $35.09.

Analysts Set New Price Targets

A number of brokerages recently commented on SMCI. Wedbush reiterated a “hold” rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Cfra raised 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 note on Tuesday, February 11th. Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. StockNews.com upgraded Super Micro Computer to a “sell” rating in a report on Friday, February 28th. Finally, Loop Capital restated a “buy” rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Super Micro Computer presently has an average rating of “Hold” and a consensus target price of $53.00.

Super Micro Computer Trading Down 7.9 %

The business’s 50-day moving average is $39.48 and its two-hundred day moving average is $37.51. 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 cap of $19.18 billion, a P/E ratio of 16.22 and a beta of 1.21.

Insider Buying and Selling

In other news, SVP George Kao sold 71,720 shares of Super Micro Computer stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $50.48, for a total value of $3,620,425.60. Following the completion of the transaction, the senior vice president now owns 19,449 shares of the company’s stock, valued at $981,785.52. This trade represents a 78.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robert L. Blair sold 19,460 shares of the firm’s stock in a transaction dated 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 quarter, insiders have sold 137,473 shares of company stock worth $6,771,552. Corporate insiders own 17.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SMCI. Vanguard Group Inc. lifted its holdings in Super Micro Computer by 908.4% during the 4th quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company’s stock valued at $1,889,531,000 after purchasing an additional 55,845,073 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Super Micro Computer by 914.7% in the fourth quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company’s stock valued at $390,572,000 after purchasing an additional 11,580,677 shares during the period. FMR LLC acquired a new stake in shares of Super Micro Computer during the 4th quarter worth about $292,869,000. Invesco Ltd. boosted its holdings in shares of Super Micro Computer by 929.5% during the 4th quarter. Invesco Ltd. now owns 7,542,742 shares of the company’s stock worth $229,903,000 after buying an additional 6,810,082 shares during the period. Finally, Northern Trust Corp grew its stake in Super Micro Computer by 1,573.8% in the 4th quarter. Northern Trust Corp now owns 4,897,876 shares of the company’s stock valued at $149,287,000 after buying an additional 4,605,260 shares during the last quarter. 84.06% of the stock is currently owned by institutional investors.

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.