Super Micro Computer (NASDAQ:SMCI) Stock Price Down 0% – Time to Sell?

Super Micro Computer, Inc. (NASDAQ:SMCI) shares traded down 0% during mid-day trading on Friday . The stock traded as low as $36.28 and last traded at $37.03. 19,593,153 shares changed hands during trading, a decline of 75% from the average session volume of 77,422,883 shares. The stock had previously closed at $37.05.

Wall Street Analysts Forecast Growth

SMCI has been the topic of a number of analyst reports. StockNews.com raised Super Micro Computer to a “sell” rating in a report on Friday, February 28th. Wedbush reiterated a “hold” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Cfra upgraded shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research note on Tuesday, February 11th. JPMorgan Chase & Co. upped their price objective on shares of Super Micro Computer from $23.00 to $35.00 and gave the stock an “underweight” rating in a report on Wednesday, February 12th. Finally, Loop Capital reiterated a “buy” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $56.64.

Super Micro Computer Trading Up 3.2 %

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 business’s 50 day moving average price is $37.08 and its 200-day moving average price is $38.79. The company has a market cap of $22.69 billion, a price-to-earnings ratio of 19.20 and a beta of 1.21.

Insiders Place Their Bets

In other news, CEO Charles Liang sold 46,293 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $50.17, for a total value of $2,322,519.81. Following the transaction, the chief executive officer now directly 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP George Kao sold 71,720 shares of the company’s stock in a transaction dated 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 completion of the sale, the senior vice president now owns 19,449 shares of the company’s stock, valued at $981,785.52. This represents 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 worth $6,771,552 over the last quarter. Company insiders own 17.60% of the company’s stock.

Hedge Funds Weigh In On Super Micro Computer

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Castle Rock Wealth Management LLC bought a new position in Super Micro Computer during the 4th quarter worth approximately $207,000. Park Square Financial Group LLC acquired a new stake in Super Micro Computer in the fourth quarter worth $475,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Super Micro Computer during the fourth quarter worth $8,785,000. Bernard Wealth Management Corp. acquired a new position in shares of Super Micro Computer in the 4th quarter valued at $33,000. Finally, Carolinas Wealth Consulting LLC bought a new stake in shares of Super Micro Computer in the 4th quarter valued at $70,000. 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.