Super Micro Computer (NASDAQ:SMCI) Stock Price Down 6.1% - Time to Sell?

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) was down 6.1% during mid-day trading on Wednesday . The company traded as low as $37.73 and last traded at $38.18. Approximately 22,703,948 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 72,974,786 shares. The stock had previously closed at $40.64.

Analyst Ratings Changes

A number of equities research analysts have weighed in on SMCI shares. StockNews.com raised shares of Super Micro Computer to a "sell" rating in a report on Friday, February 28th. JPMorgan Chase & Co. raised shares of Super Micro Computer from an "underweight" rating to a "neutral" rating and boosted their price objective for the stock from $35.00 to $45.00 in a research note on Friday, March 21st. Cfra raised Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 target price for the company in a research report on Tuesday, February 11th. Loop Capital reiterated a "buy" rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Finally, Barclays started coverage on Super Micro Computer in a research report on Thursday, February 27th. They set an "equal weight" rating and a $59.00 price objective for the company. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Super Micro Computer presently has an average rating of "Hold" and an average price target of $53.00.

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Super Micro Computer Stock 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 firm has a market capitalization of $20.33 billion, a P/E ratio of 17.20 and a beta of 1.21. The company's 50 day moving average is $39.33 and its 200-day moving average is $37.77.

Insider Transactions at Super Micro Computer

In related news, SVP George Kao sold 71,720 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $50.48, for a total transaction of $3,620,425.60. Following the transaction, the senior vice president now directly owns 19,449 shares of the company's stock, valued at approximately $981,785.52. This represents a 78.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert L. Blair sold 19,460 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $42.58, for a total value of $828,606.80. The disclosure for this sale can be found here. Insiders have sold 137,473 shares of company stock valued at $6,771,552 in the last 90 days. 17.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Super Micro Computer

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Retirement Systems of Alabama increased its holdings in Super Micro Computer by 2.3% during the 3rd quarter. Retirement Systems of Alabama now owns 11,367 shares of the company's stock worth $4,733,000 after purchasing an additional 258 shares in the last quarter. Wahed Invest LLC boosted its position in shares of Super Micro Computer by 2.9% during the fourth quarter. Wahed Invest LLC now owns 12,362 shares of the company's stock valued at $377,000 after buying an additional 352 shares during the last quarter. Shelton Capital Management grew its holdings in Super Micro Computer by 6.5% during the fourth quarter. Shelton Capital Management now owns 7,880 shares of the company's stock worth $240,000 after buying an additional 480 shares in the last quarter. Cerity Partners LLC raised its position in Super Micro Computer by 22.5% in the 3rd quarter. Cerity Partners LLC now owns 2,707 shares of the company's stock valued at $1,127,000 after buying an additional 497 shares during the last quarter. Finally, Townsquare Capital LLC lifted its stake in Super Micro Computer by 66.5% during the 3rd quarter. Townsquare Capital LLC now owns 1,307 shares of the company's stock valued at $544,000 after acquiring an additional 522 shares in the last quarter. Institutional investors and hedge funds own 84.06% of the company's stock.

About Super Micro Computer

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.