Super Micro Computer (NASDAQ:SMCI) Trading Down 5.9% - Time to Sell?

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) was down 5.9% on Monday . The company traded as low as $29.01 and last traded at $30.67. Approximately 19,555,264 shares changed hands during mid-day trading, a decline of 38% from the average daily volume of 31,789,586 shares. The stock had previously closed at $32.60.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SMCI. Needham & Company LLC began coverage on Super Micro Computer in a research note on Wednesday, September 18th. They set a "buy" rating and a $60.00 target price on the stock. Loop Capital reduced their price target on shares of Super Micro Computer from $150.00 to $100.00 and set a "buy" rating on the stock in a research report on Monday, September 23rd. Wedbush reaffirmed a "neutral" rating and set a $32.00 target price (down from $62.00) on shares of Super Micro Computer in a research note on Monday, November 4th. The Goldman Sachs Group dropped their price target on shares of Super Micro Computer from $67.50 to $28.00 and set a "neutral" rating for the company in a research note on Wednesday, November 6th. Finally, Northland Capmk upgraded Super Micro Computer to a "strong-buy" rating in a research note on Friday, December 20th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Super Micro Computer presently has an average rating of "Hold" and a consensus target price of $66.89.

Super Micro Computer Price Performance

The stock has a market capitalization of $17.38 billion, a price-to-earnings ratio of 15.60 and a beta of 1.31. 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 company's 50 day moving average is $32.13 and its 200 day moving average is $48.18.

Institutional Trading of Super Micro Computer

Institutional investors and hedge funds have recently made changes to their positions in the company. Acadian Asset Management LLC lifted its stake in Super Micro Computer by 1,128.6% in the second quarter. Acadian Asset Management LLC now owns 1,204 shares of the company's stock valued at $986,000 after buying an additional 1,106 shares during the last quarter. Choreo LLC purchased a new stake in Super Micro Computer in the 2nd quarter valued at $607,000. Johnson Investment Counsel Inc. acquired a new stake in Super Micro Computer during the 2nd quarter worth $591,000. BOKF NA grew its position in Super Micro Computer by 24,709.1% during the 2nd quarter. BOKF NA now owns 2,729 shares of the company's stock worth $2,236,000 after purchasing an additional 2,718 shares during the last quarter. Finally, Main Street Financial Solutions LLC acquired a new position in Super Micro Computer in the second quarter valued at $225,000. 84.06% of the stock is owned by hedge funds and other institutional investors.

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.