Super Micro Computer (NASDAQ:SMCI) Stock Price Down 2.4% – Time to Sell?

Super Micro Computer, Inc. (NASDAQ:SMCI) shares fell 2.4% on Monday . The stock traded as low as $40.16 and last traded at $41.15. 30,759,297 shares traded hands during mid-day trading, a decline of 59% from the average session volume of 74,850,320 shares. The stock had previously closed at $42.15.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SMCI. StockNews.com upgraded shares of Super Micro Computer to a “sell” rating in a research report on Friday, February 28th. JPMorgan Chase & Co. raised Super Micro Computer from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $35.00 to $45.00 in a report on Friday, March 21st. The Goldman Sachs Group cut Super Micro Computer from a “neutral” rating to a “sell” rating and lowered their target price for the company from $40.00 to $32.00 in a research note on Monday. Northland Capmk raised Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. Finally, Northland Securities set a $70.00 target price on Super Micro Computer in a report on Thursday, March 6th. Three analysts have rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Super Micro Computer presently has an average rating of “Hold” and an average target price of $53.00.

Super Micro Computer Stock Performance

The company’s fifty day simple moving average is $39.07 and its 200 day simple moving average is $37.83. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $24.12 billion, a price-to-earnings ratio of 20.40 and a beta of 1.21.

Insider Buying and Selling at Super Micro Computer

In other Super Micro Computer news, CEO Charles Liang sold 46,293 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $50.17, for a total transaction 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 trade represents a 0.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert L. Blair sold 19,460 shares of the business’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. Insiders have sold a total of 137,473 shares of company stock valued at $6,771,552 in the last three months. 17.60% of the stock is currently owned by company insiders.

Institutional Trading of Super Micro Computer

Institutional investors have recently bought and sold shares of the business. Clear Creek Financial Management LLC acquired a new stake in shares of Super Micro Computer in the fourth quarter valued at approximately $635,000. Nepsis Inc. acquired a new position in Super Micro Computer in the 4th quarter valued at $13,625,000. Sanctuary Advisors LLC lifted its position in shares of Super Micro Computer by 254.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 30,634 shares of the company’s stock valued at $12,756,000 after acquiring an additional 21,997 shares during the period. Fifth Third Bancorp grew its holdings in shares of Super Micro Computer by 1,476.6% during the 4th quarter. Fifth Third Bancorp now owns 12,266 shares of the company’s stock worth $374,000 after purchasing an additional 11,488 shares in the last quarter. Finally, Bridgewater Associates LP increased its position in shares of Super Micro Computer by 921.1% in the third 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. Institutional investors 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.