Super Micro Computer (NASDAQ:SMCI) Trading Down 0.3% – Time to Sell?

Super Micro Computer, Inc. (NASDAQ:SMCI)’s share price traded down 0.3% during mid-day trading on Wednesday . The stock traded as low as $33.77 and last traded at $34.94. 12,374,420 shares traded hands during trading, a decline of 83% from the average session volume of 73,157,923 shares. The stock had previously closed at $35.05.

Wall Street Analysts Forecast Growth

SMCI has been the topic of a number of research reports. The Goldman Sachs Group cut shares of Super Micro Computer from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $40.00 to $32.00 in a report on Monday, March 24th. StockNews.com upgraded Super Micro Computer to a “sell” rating in a research note on Friday, February 28th. Cfra upgraded Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a research note on Tuesday, February 11th. JPMorgan Chase & Co. upgraded Super Micro Computer from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $35.00 to $45.00 in a research note on Friday, March 21st. Finally, Rosenblatt Securities assumed coverage on shares of Super Micro Computer in a research report on Monday, March 10th. They set a “buy” rating and a $60.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $53.00.

Super Micro Computer Stock Up 1.8 %

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 has a market cap of $21.18 billion, a P/E ratio of 17.92 and a beta of 1.21. The stock’s fifty day moving average price is $39.45 and its 200 day moving average price is $37.58.

Insider Activity

In other news, SVP George Kao sold 71,720 shares of Super Micro Computer stock in a transaction dated 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 approximately $981,785.52. The trade was a 78.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Charles Liang sold 46,293 shares of the stock in a transaction dated 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 owns 67,403,640 shares of the company’s stock, valued at $3,381,640,618.80. This represents a 0.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 137,473 shares of company stock worth $6,771,552. 17.60% of the stock is currently owned by insiders.

Institutional Trading of Super Micro Computer

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cerity Partners LLC increased its stake in shares of Super Micro Computer by 22.5% in the third quarter. Cerity Partners LLC now owns 2,707 shares of the company’s stock worth $1,127,000 after buying an additional 497 shares during the period. Townsquare Capital LLC increased its position in shares of Super Micro Computer by 66.5% in the third quarter. Townsquare Capital LLC now owns 1,307 shares of the company’s stock valued at $544,000 after acquiring an additional 522 shares during the period. Captrust Financial Advisors raised its stake in shares of Super Micro Computer by 132.2% during the third quarter. Captrust Financial Advisors now owns 18,905 shares of the company’s stock valued at $7,872,000 after acquiring an additional 10,763 shares during the last quarter. Verition Fund Management LLC boosted its holdings in shares of Super Micro Computer by 296.0% during the third quarter. Verition Fund Management LLC now owns 15,213 shares of the company’s stock worth $6,335,000 after purchasing an additional 11,371 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec grew its stake in shares of Super Micro Computer by 99.0% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 8,787 shares of the company’s stock worth $3,659,000 after purchasing an additional 4,372 shares during the last quarter. 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.