Super Micro Computer (NASDAQ:SMCI) Stock Price Down 1% - Time to Sell?

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) fell 1% during trading on Monday . The stock traded as low as $30.76 and last traded at $30.82. 24,271,941 shares traded hands during trading, a decline of 33% from the average session volume of 36,148,280 shares. The stock had previously closed at $31.12.

Analyst Upgrades and Downgrades

SMCI has been the topic of a number of analyst reports. Argus downgraded shares of Super Micro Computer from a "buy" rating to a "hold" rating in a research report on Thursday, October 31st. Wedbush reaffirmed a "neutral" rating and issued a $32.00 price target (down from $62.00) on shares of Super Micro Computer in a report on Monday, November 4th. JPMorgan Chase & Co. lowered Super Micro Computer from a "neutral" rating to an "underweight" rating and decreased their price objective for the company from $50.00 to $23.00 in a report on Wednesday, November 6th. Northland Capmk upgraded Super Micro Computer to a "strong-buy" rating in a research note on Friday, December 20th. Finally, Barclays reduced their target price on Super Micro Computer from $438.00 to $42.00 and set an "equal weight" rating on the stock in a research report on Wednesday, October 2nd. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Super Micro Computer presently has an average rating of "Hold" and a consensus price target of $66.89.

Super Micro Computer Price Performance

The company has a 50-day moving average of $32.59 and a 200 day moving average of $46.69. 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 $17.24 billion, a PE ratio of 15.47 and a beta of 1.31.

Institutional Trading of Super Micro Computer

Several large investors have recently bought and sold shares of the business. International Assets Investment Management LLC grew its position in shares of 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 purchasing an additional 915,058 shares in the last quarter. Annex Advisory Services LLC acquired a new position in Super Micro Computer during the fourth quarter worth $6,708,000. Diversify Advisory Services LLC purchased a new stake in Super Micro Computer in the 4th quarter valued at $5,113,000. Bridgewater Associates LP increased its stake in shares of Super Micro Computer by 921.1% in the 3rd quarter. Bridgewater Associates LP now owns 161,104 shares of the company's stock worth $67,084,000 after acquiring an additional 145,327 shares during the last quarter. Finally, Van ECK Associates Corp raised its holdings in shares of Super Micro Computer by 1,169.5% during the 3rd 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. 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.