Super Micro Computer (NASDAQ:SMCI) Trading Down 5.1% – Should You Sell?

Super Micro Computer, Inc. (NASDAQ:SMCI) shares dropped 5.1% during trading on Thursday . The stock traded as low as $31.72 and last traded at $32.61. Approximately 25,795,617 shares changed hands during trading, a decline of 26% from the average daily volume of 34,887,281 shares. The stock had previously closed at $34.38.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. JPMorgan Chase & Co. lowered shares of Super Micro Computer from a “neutral” rating to an “underweight” rating and cut their price target for the stock from $50.00 to $23.00 in a research note on Wednesday, November 6th. Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. Loop Capital cut their price objective on Super Micro Computer from $150.00 to $100.00 and set a “buy” rating on the stock in a research report on Monday, September 23rd. Argus lowered Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Finally, StockNews.com cut shares of Super Micro Computer from a “hold” rating to a “sell” rating in a report on Wednesday, October 9th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four 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 a consensus rating of “Hold” and an average price target of $66.89.

Super Micro Computer Stock Performance

The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. The stock’s 50 day moving average is $31.82 and its 200 day moving average is $49.26. The stock has a market capitalization of $18.24 billion, a price-to-earnings ratio of 16.37 and a beta of 1.31.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SMCI. Hazlett Burt & Watson Inc. lifted its stake 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 valued at $34,000 after buying an additional 24 shares during the period. Resources Management Corp CT ADV boosted its position in shares of Super Micro Computer by 100.0% in the second quarter. Resources Management Corp CT ADV now owns 60 shares of the company’s stock worth $49,000 after buying an additional 30 shares during the period. Rise Advisors LLC raised its holdings in shares of Super Micro Computer by 909.5% during the 4th quarter. Rise Advisors LLC now owns 1,696 shares of the company’s stock valued at $52,000 after buying an additional 1,528 shares during the period. Clear Point Advisors Inc. raised its stake in shares of Super Micro Computer by 471.4% during the second quarter. Clear Point Advisors Inc. now owns 80 shares of the company’s stock valued at $66,000 after purchasing an additional 66 shares during the period. Finally, Emerald Mutual Fund Advisers Trust acquired a new position in shares of Super Micro Computer during the third quarter worth $87,000. 84.06% of the stock is currently owned by hedge funds and other 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.