Super Micro Computer (NASDAQ:SMCI) Stock Price Down 5.3% – Time to Sell?

by · The Cerbat Gem

Super Micro Computer, Inc. (NASDAQ:SMCI – Get Free Report)’s share price dropped 5.3% on Tuesday . The company traded as low as $40.84 and last traded at $41.81. Approximately 22,649,082 shares were traded during trading, a decline of 73% from the average daily volume of 83,868,688 shares. The stock had previously closed at $44.16.

Analyst Ratings Changes

Several brokerages recently issued reports on SMCI. Barclays cut their price target on Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 2nd. Loop Capital reduced their price target on shares of Super Micro Computer from $150.00 to $100.00 and set a “buy” rating for the company in a report on Monday, September 23rd. Wells Fargo & Company reduced their price objective on Super Micro Computer from $65.00 to $37.50 and set an “equal weight” rating for the company in a research report on Wednesday, August 28th. Mizuho initiated coverage on Super Micro Computer in a research report on Tuesday, September 17th. They issued a “neutral” rating and a $45.00 target price on the stock. Finally, The Goldman Sachs Group reduced their price target on Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating for the company in a research report on Wednesday, November 6th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Super Micro Computer currently has an average rating of “Hold” and a consensus target price of $66.89.

Get Our Latest Report on Super Micro Computer

Super Micro Computer Price Performance

The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $21.42 billion, a PE ratio of 19.24 and a beta of 1.29. The stock’s 50-day moving average is $36.96 and its 200 day moving average is $56.36.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SMCI. International Assets Investment Management LLC lifted its stake in Super Micro Computer by 63,634.1% in the third quarter. International Assets Investment Management LLC now owns 916,496 shares of the company’s stock valued at $381,629,000 after acquiring an additional 915,058 shares during the last quarter. Bridgewater Associates LP increased its holdings in shares of Super Micro Computer by 921.1% during the 3rd quarter. Bridgewater Associates LP now owns 161,104 shares of the company’s stock valued at $67,084,000 after acquiring an additional 145,327 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of Super Micro Computer by 1,169.5% in the 3rd quarter. Van ECK Associates Corp now owns 134,670 shares of the company’s stock valued at $56,077,000 after acquiring an additional 124,062 shares in the last quarter. American Century Companies Inc. lifted its holdings in Super Micro Computer by 511.9% in the 2nd quarter. American Century Companies Inc. now owns 131,855 shares of the company’s stock worth $108,035,000 after purchasing an additional 110,308 shares during the last quarter. Finally, Inspire Investing LLC lifted its stake in shares of Super Micro Computer by 1,730.3% in the third quarter. Inspire Investing LLC now owns 107,421 shares of the company’s stock worth $44,730,000 after buying an additional 101,552 shares during the last quarter. Hedge funds and other institutional investors own 84.06% of the company’s stock.

About Super Micro Computer

(Get Free Report)

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.

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