Super Micro Computer (NASDAQ:SMCI) Trading Down 1.6% – Time to Sell?

Super Micro Computer, Inc. (NASDAQ:SMCI)’s share price was down 1.6% during mid-day trading on Thursday . The company traded as low as $35.57 and last traded at $36.43. Approximately 17,506,224 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 72,958,005 shares. The stock had previously closed at $37.04.

Analysts Set New Price Targets

A number of analysts have weighed in on SMCI shares. Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. Northland Securities set a $70.00 price objective on shares of Super Micro Computer in a report on Thursday, March 6th. Wedbush reiterated a “hold” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. 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. Finally, Rosenblatt Securities started coverage on Super Micro Computer in a research report on Monday, March 10th. They set a “buy” rating and a $60.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $53.00.

Super Micro Computer Stock Down 1.3 %

The company’s 50 day moving average price is $39.33 and its two-hundred day moving average price is $37.77. 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 firm has a market cap of $20.33 billion, a PE ratio of 17.20 and a beta of 1.21.

Insider Transactions at Super Micro Computer

In related news, CEO Charles Liang sold 46,293 shares of the company’s stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 67,403,640 shares of the company’s stock, valued at approximately $3,381,640,618.80. This represents a 0.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP George Kao sold 71,720 shares of the firm’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 sale, the senior vice president now directly owns 19,449 shares in the company, valued at approximately $981,785.52. This represents a 78.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 137,473 shares of company stock valued at $6,771,552 over the last quarter. 17.60% of the stock is currently owned by company insiders.

Institutional Trading of Super Micro Computer

Institutional investors have recently made changes to their positions in the business. Salem Investment Counselors Inc. bought a new position in Super Micro Computer in the 4th quarter worth approximately $30,000. Trust Co. of Vermont boosted its position in shares of Super Micro Computer by 900.0% during the fourth quarter. Trust Co. of Vermont now owns 1,000 shares of the company’s stock worth $30,000 after acquiring an additional 900 shares during the last quarter. Parkside Financial Bank & Trust boosted its position in shares of Super Micro Computer by 2,890.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 987 shares of the company’s stock worth $30,000 after acquiring an additional 954 shares during the last quarter. Larson Financial Group LLC increased its holdings in Super Micro Computer by 902.0% in the 4th quarter. Larson Financial Group LLC now owns 992 shares of the company’s stock valued at $30,000 after acquiring an additional 893 shares during the last quarter. Finally, Toth Financial Advisory Corp purchased a new stake in Super Micro Computer in the 4th quarter worth $31,000. Hedge funds and other 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.