Super Micro Computer (NASDAQ:SMCI) Shares Down 1.4% – Should You Sell?

Super Micro Computer, Inc. (NASDAQ:SMCI)’s stock price traded down 1.4% during trading on Thursday . The stock traded as low as $39.54 and last traded at $39.53. 14,722,727 shares traded hands during trading, a decline of 80% from the average session volume of 73,111,528 shares. The stock had previously closed at $40.10.

Analyst Ratings Changes

A number of research firms have weighed in on SMCI. The Goldman Sachs Group raised their price target on Super Micro Computer from $32.00 to $36.00 and gave the company a “neutral” rating in a research note on Monday, February 24th. Loop Capital restated a “buy” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Rosenblatt Securities assumed coverage on Super Micro Computer in a report on Monday, March 10th. They issued a “buy” rating and a $60.00 price objective for the company. JPMorgan Chase & Co. boosted their price objective on shares of Super Micro Computer from $23.00 to $35.00 and gave the company an “underweight” rating in a research report on Wednesday, February 12th. Finally, Wedbush restated a “hold” rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $52.57.

Super Micro Computer Stock Down 3.5 %

The company’s fifty day moving average is $38.34 and its 200-day moving average is $37.88. The company has a market capitalization of $22.96 billion, a PE ratio of 19.51 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.

Insiders Place Their Bets

In other Super Micro Computer news, Director Robert L. Blair sold 19,460 shares of the business’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which can be accessed through 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 transaction 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. This trade represents a 78.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 137,473 shares of company stock valued at $6,771,552 over the last three months. 17.60% of the stock is owned by company insiders.

Institutional Trading of Super Micro Computer

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

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.