Super Micro Computer (NASDAQ:SMCI) Shares Down 2% – Time to Sell?

Super Micro Computer, Inc. (NASDAQ:SMCI)’s stock price dropped 2% during mid-day trading on Monday . The company traded as low as $40.90 and last traded at $41.33. Approximately 17,517,444 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 76,775,695 shares. The stock had previously closed at $42.17.

Analyst Upgrades and Downgrades

SMCI has been the topic of a number of research reports. Rosenblatt Securities initiated coverage on Super Micro Computer in a research note on Monday, March 10th. They issued a “buy” rating and a $60.00 price objective on the stock. Northland Securities set a $70.00 target price on Super Micro Computer in a report on Thursday, March 6th. Loop Capital reiterated a “buy” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Cfra upgraded Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a report on Tuesday, February 11th. Finally, Northland Capmk upgraded Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $52.57.

Super Micro Computer Stock Down 1.7 %

The business has a 50 day simple moving average of $38.01 and a 200 day simple moving average of $37.98. The company has a market capitalization of $24.60 billion, a price-to-earnings ratio of 20.82 and a beta of 1.21. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93.

Insider Activity at Super Micro Computer

In other news, CEO Charles Liang sold 46,293 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $50.17, for a total transaction of $2,322,519.81. Following the completion of the sale, the chief executive officer now owns 67,403,640 shares in the company, valued at approximately $3,381,640,618.80. The trade was a 0.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert L. Blair sold 19,460 shares of the firm’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $42.58, for a total value 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 over the last 90 days. 17.60% of the stock is owned by corporate insiders.

Institutional Trading of Super Micro Computer

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Clear Creek Financial Management LLC purchased a new position in Super Micro Computer in the 4th quarter valued at approximately $635,000. Nepsis Inc. acquired a new position in Super Micro Computer in the fourth quarter valued at $13,625,000. Sanctuary Advisors LLC lifted its holdings 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 in the last quarter. Fifth Third Bancorp boosted its position in shares of Super Micro Computer by 1,476.6% in the fourth quarter. Fifth Third Bancorp now owns 12,266 shares of the company’s stock worth $374,000 after buying an additional 11,488 shares during the period. Finally, Bridgewater Associates LP grew its position in Super Micro Computer by 921.1% in the third quarter. Bridgewater Associates LP now owns 161,104 shares of the company’s stock valued at $67,084,000 after acquiring an additional 145,327 shares in the last quarter. Institutional investors and hedge funds own 84.06% of the company’s stock.

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.