Super Micro Computer (NASDAQ:SMCI) Trading Down 1.8% – Time to Sell?

Super Micro Computer, Inc. (NASDAQ:SMCI)’s stock price fell 1.8% during mid-day trading on Tuesday . The stock traded as low as $45.73 and last traded at $46.55. 14,446,248 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 81,593,734 shares. The stock had previously closed at $47.39.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SMCI. Rosenblatt Securities reissued a “buy” rating and set a $130.00 target price on shares of Super Micro Computer in a research report on Wednesday, August 7th. StockNews.com downgraded shares of Super Micro Computer from a “hold” rating to a “sell” rating in a research note on Wednesday, October 9th. Loop Capital cut their price target on shares of Super Micro Computer from $150.00 to $100.00 and set a “buy” rating on the stock in a report on Monday, September 23rd. Bank of America downgraded shares of Super Micro Computer from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $109.00 to $70.00 in a research note on Wednesday, August 7th. Finally, Mizuho began coverage on Super Micro Computer in a report on Tuesday, September 17th. They issued a “neutral” rating and a $45.00 price target on the stock. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $72.45.

Super Micro Computer Stock Performance

The firm’s fifty day moving average price is $48.74 and its 200 day moving average price is $71.81. The firm has a market cap of $2.66 billion, a P/E ratio of 2.61 and a beta of 1.23. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77.

Super Micro Computer (NASDAQ:SMCI) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.14). The business had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.32 billion. Super Micro Computer had a return on equity of 30.57% and a net margin of 8.09%. The business’s quarterly revenue was up 142.9% on a year-over-year basis. During the same period last year, the firm earned $0.34 EPS. Sell-side analysts expect that Super Micro Computer, Inc. will post 2.85 EPS for the current fiscal year.

Hedge Funds Weigh In On Super Micro Computer

Large investors have recently added to or reduced their stakes in the company. Farmers & Merchants Investments Inc. grew its position in shares of Super Micro Computer by 400.0% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 30 shares of the company’s stock worth $25,000 after buying an additional 24 shares during the last quarter. Moser Wealth Advisors LLC acquired a new position in shares of Super Micro Computer during the second quarter worth $25,000. Hazlett Burt & Watson Inc. increased its position in shares of Super Micro Computer by 141.2% during the second quarter. Hazlett Burt & Watson Inc. now owns 41 shares of the company’s stock worth $34,000 after purchasing an additional 24 shares in the last quarter. Bank of New Hampshire purchased a new stake in shares of Super Micro Computer during the 1st quarter valued at $35,000. Finally, VitalStone Financial LLC boosted its position in shares of Super Micro Computer by 250.0% in the 1st quarter. VitalStone Financial LLC now owns 35 shares of the company’s stock worth $35,000 after purchasing an additional 25 shares in 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.