Super Micro Computer (NASDAQ:SMCI) Shares Down 6.1% – Time to Sell?

Super Micro Computer, Inc. (NASDAQ:SMCI) dropped 6.1% during trading on Wednesday . The stock traded as low as $37.73 and last traded at $38.18. Approximately 22,703,948 shares were traded during trading, a decline of 69% from the average daily volume of 72,974,786 shares. The stock had previously closed at $40.64.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. StockNews.com raised Super Micro Computer to a “sell” rating in a report on Friday, February 28th. Cfra upgraded Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a report on Tuesday, February 11th. JPMorgan Chase & Co. upgraded Super Micro Computer from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $35.00 to $45.00 in a report on Friday, March 21st. Northland Securities set a $70.00 price objective on shares of Super Micro Computer in a research report on Thursday, March 6th. Finally, Wedbush reissued a “hold” rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Super Micro Computer currently has an average rating of “Hold” and a consensus price target of $53.00.

Super Micro Computer Stock Performance

The company has a market cap of $20.96 billion, a PE ratio of 17.91 and a beta of 1.21. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. The company’s 50 day moving average price is $39.27 and its 200-day moving average price is $37.79.

Insiders Place Their Bets

In other news, Director Robert L. Blair sold 19,460 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $42.58, for a total value of $828,606.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP George Kao sold 71,720 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The shares were 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 directly owns 19,449 shares of the company’s stock, valued at $981,785.52. The trade was a 78.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 137,473 shares of company stock valued at $6,771,552 in the last quarter. Corporate insiders own 17.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of Super Micro Computer by 908.4% during the fourth quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company’s stock valued at $1,889,531,000 after buying an additional 55,845,073 shares during the period. Geode Capital Management LLC grew its holdings in shares of Super Micro Computer by 914.7% during the 4th quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company’s stock worth $390,572,000 after acquiring an additional 11,580,677 shares during the period. FMR LLC bought a new position in shares of Super Micro Computer in the 4th quarter worth approximately $292,869,000. Invesco Ltd. lifted its stake in shares of Super Micro Computer by 929.5% in the 4th quarter. Invesco Ltd. now owns 7,542,742 shares of the company’s stock valued at $229,903,000 after purchasing an additional 6,810,082 shares during the period. Finally, Northern Trust Corp boosted its position in shares of Super Micro Computer by 1,573.8% during the fourth quarter. Northern Trust Corp now owns 4,897,876 shares of the company’s stock valued at $149,287,000 after purchasing an additional 4,605,260 shares in the last quarter. 84.06% of the stock is owned by hedge funds and other 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.