Super Micro Computer (NASDAQ:SMCI) Shares Down 7.6% – What’s Next?

Super Micro Computer, Inc. (NASDAQ:SMCI)’s share price was down 7.6% during mid-day trading on Friday . The company traded as low as $31.11 and last traded at $32.42. Approximately 40,778,875 shares were traded during trading, a decline of 51% from the average daily volume of 82,557,609 shares. The stock had previously closed at $35.07.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Rosenblatt Securities reissued a “buy” rating and issued a $130.00 target price on shares of Super Micro Computer in a report on Wednesday, August 7th. Argus downgraded shares of Super Micro Computer from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Needham & Company LLC assumed coverage on Super Micro Computer in a research note on Wednesday, September 18th. They set a “buy” rating and a $60.00 target price for the company. The Goldman Sachs Group decreased their price target on Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 6th. Finally, Mizuho began coverage on Super Micro Computer in a research report on Tuesday, September 17th. They set a “neutral” rating and a $45.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $66.89.

Super Micro Computer Stock 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 stock has a market capitalization of $18.14 billion, a price-to-earnings ratio of 16.28 and a beta of 1.28. The company’s 50-day simple moving average is $37.70 and its 200-day simple moving average is $59.71.

Institutional Investors Weigh In On Super Micro Computer

A number of institutional investors have recently made changes to their positions in the stock. Janus Henderson Group PLC boosted its holdings in Super Micro Computer by 52.0% in the first quarter. Janus Henderson Group PLC now owns 4,013 shares of the company’s stock valued at $4,053,000 after acquiring an additional 1,373 shares during the last quarter. Swedbank AB bought a new stake in shares of Super Micro Computer in the 1st quarter valued at $6,314,000. Atria Investments Inc acquired a new stake in shares of Super Micro Computer during the first quarter worth $1,007,000. Invst LLC raised its stake in Super Micro Computer by 4.3% during the first quarter. Invst LLC now owns 337 shares of the company’s stock worth $350,000 after buying an additional 14 shares during the last quarter. Finally, Cetera Investment Advisers raised its stake in Super Micro Computer by 66.8% during the first quarter. Cetera Investment Advisers now owns 27,575 shares of the company’s stock worth $27,852,000 after buying an additional 11,042 shares during the last quarter. Institutional investors own 84.06% of the company’s stock.

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.