Super Micro Computer (NASDAQ:SMCI) Trading Down 0.1% – Here’s Why

Super Micro Computer, Inc. (NASDAQ:SMCI) shares fell 0.1% during trading on Tuesday . The company traded as low as $41.16 and last traded at $41.69. 25,135,895 shares traded hands during trading, a decline of 66% from the average session volume of 74,943,023 shares. The stock had previously closed at $41.72.

Analyst Upgrades and Downgrades

SMCI has been the subject of a number of recent analyst reports. Barclays assumed coverage on Super Micro Computer in a report on Thursday, February 27th. They set an “equal weight” rating and a $59.00 price target for the company. JPMorgan Chase & Co. raised Super Micro Computer from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $35.00 to $45.00 in a research note on Friday. Rosenblatt Securities assumed coverage on Super Micro Computer in a research note on Monday, March 10th. They issued a “buy” rating and a $60.00 price target on the stock. Northland Capmk upgraded Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. Finally, Loop Capital reiterated a “buy” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $53.00.

Super Micro Computer Price 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 firm has a market capitalization of $23.98 billion, a PE ratio of 20.30 and a beta of 1.21. The business has a 50-day moving average of $38.87 and a 200 day moving average of $37.83.

Insider Activity

In other news, SVP George Kao sold 71,720 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $50.48, for a total value of $3,620,425.60. Following the transaction, the senior vice president now owns 19,449 shares in the company, valued at $981,785.52. The trade was a 78.67 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Charles Liang sold 46,293 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $50.17, for a total value of $2,322,519.81. Following the sale, the chief executive officer now directly owns 67,403,640 shares of the company’s stock, valued at $3,381,640,618.80. The trade was a 0.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 137,473 shares of company stock worth $6,771,552 over the last quarter. Insiders own 17.60% of the company’s stock.

Institutional Trading of Super Micro Computer

Large investors have recently added to or reduced their stakes in the stock. Meridian Wealth Management LLC purchased a new position in Super Micro Computer in the third quarter valued at about $270,000. Benjamin Edwards Inc. purchased a new stake in shares of Super Micro Computer during the 3rd quarter worth approximately $383,000. Parkside Financial Bank & Trust raised its holdings in shares of Super Micro Computer by 2,890.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 987 shares of the company’s stock worth $30,000 after purchasing an additional 954 shares during the period. Larson Financial Group LLC lifted its stake in Super Micro Computer by 902.0% in the fourth quarter. Larson Financial Group LLC now owns 992 shares of the company’s stock valued at $30,000 after purchasing an additional 893 shares during the last quarter. Finally, Salem Investment Counselors Inc. bought a new position in Super Micro Computer during the fourth quarter valued at $30,000. Hedge funds and other 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.