Super Micro Computer (NASDAQ:SMCI) Trading Down 31.2% - Time to Sell?

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report)'s share price was down 31.2% during trading on Wednesday . The company traded as low as $32.30 and last traded at $33.81. Approximately 131,504,268 shares traded hands during mid-day trading, an increase of 65% from the average daily volume of 79,683,375 shares. The stock had previously closed at $49.12.

Analysts Set New Price Targets

A number of research firms have recently issued reports on SMCI. Wedbush reiterated a "neutral" rating and set a $80.00 price target on shares of Super Micro Computer in a research report on Friday, August 2nd. Needham & Company LLC initiated coverage on Super Micro Computer in a report on Wednesday, September 18th. They issued a "buy" rating and a $60.00 target price on the stock. Bank of America downgraded shares of Super Micro Computer from a "buy" rating to a "neutral" rating and dropped their target price for the company from $109.00 to $70.00 in a report on Wednesday, August 7th. Nomura downgraded shares of Super Micro Computer from a "buy" rating to a "neutral" rating and set a $93.00 price target on the stock. in a report on Wednesday, July 10th. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $130.00 target price on shares of Super Micro Computer in a report on Wednesday, August 7th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, Super Micro Computer presently has a consensus rating of "Hold" and an average target price of $74.53.

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 cap of $18.50 billion, a price-to-earnings ratio of 16.62 and a beta of 1.23. The stock's 50-day moving average is $45.99 and its 200-day moving average is $67.56.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last posted its earnings results on Tuesday, August 6th. The company reported $0.62 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.76 by ($0.14). The company had revenue of $5.31 billion during the quarter, compared to analyst estimates of $5.32 billion. Super Micro Computer had a net margin of 8.09% and a return on equity of 30.57%. Super Micro Computer's quarterly revenue was up 142.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.34 EPS. On average, analysts expect that Super Micro Computer, Inc. will post 2.85 EPS for the current year.

Institutional Trading of Super Micro Computer

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. GQG Partners LLC bought a new stake in Super Micro Computer in the first quarter valued at about $1,325,466,000. Vanguard Group Inc. boosted its holdings in shares of Super Micro Computer by 25.7% in the 1st quarter. Vanguard Group Inc. now owns 6,194,607 shares of the company's stock valued at $6,256,739,000 after buying an additional 1,265,542 shares during the period. International Assets Investment Management LLC grew its position in shares of Super Micro Computer by 63,634.1% during the 3rd quarter. International Assets Investment Management LLC now owns 916,496 shares of the company's stock valued at $381,629,000 after buying an additional 915,058 shares during the last quarter. Van ECK Associates Corp raised its stake in Super Micro Computer by 1,169.5% during the third quarter. Van ECK Associates Corp now owns 134,670 shares of the company's stock worth $56,077,000 after acquiring an additional 124,062 shares during the period. Finally, American Century Companies Inc. lifted its holdings in Super Micro Computer by 511.9% in the second quarter. American Century Companies Inc. now owns 131,855 shares of the company's stock worth $108,035,000 after acquiring an additional 110,308 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.