Super Micro Computer (NASDAQ:SMCI) Shares Down 6.2% - Should You Sell?

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report)'s stock price fell 6.2% during trading on Monday . The stock traded as low as $29.18 and last traded at $29.57. 12,445,763 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 67,811,992 shares. The stock had previously closed at $31.51.

Analysts Set New Price Targets

Several research firms recently commented on SMCI. The Goldman Sachs Group lowered Super Micro Computer from a "neutral" rating to a "sell" rating and dropped their target price for the company from $40.00 to $32.00 in a report on Monday, March 24th. Loop Capital restated a "buy" rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. StockNews.com upgraded shares of Super Micro Computer to a "sell" rating in a research note on Friday, February 28th. Barclays assumed coverage on Super Micro Computer in a report on Thursday, February 27th. They set an "equal weight" rating and a $59.00 price target on the stock. Finally, JPMorgan Chase & Co. lowered their price objective on Super Micro Computer from $45.00 to $39.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $52.57.

Super Micro Computer Price Performance

The company has a market capitalization of $20.40 billion, a price-to-earnings ratio of 17.22 and a beta of 1.22. 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 company has a 50 day simple moving average of $38.99 and a 200 day simple moving average of $36.35.

Insiders Place Their Bets

In other Super Micro Computer news, CEO Charles Liang sold 46,293 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $50.17, for a total transaction of $2,322,519.81. Following the completion of the sale, the chief executive officer now owns 67,403,640 shares in the company, valued at $3,381,640,618.80. This trade represents a 0.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert L. Blair sold 19,460 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The shares were 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 sold 137,473 shares of company stock worth $6,771,552 over the last three months. 17.60% of the stock is owned by insiders.

Institutional Trading of Super Micro Computer

Several hedge funds have recently made changes to their positions in the stock. Clear Creek Financial Management LLC bought a new stake in Super Micro Computer during the 4th quarter valued at $635,000. Nepsis Inc. bought a new position in Super Micro Computer in the 4th quarter valued at about $13,625,000. Fifth Third Bancorp grew its position in Super Micro Computer by 1,476.6% in the 4th quarter. Fifth Third Bancorp now owns 12,266 shares of the company's stock valued at $374,000 after buying an additional 11,488 shares in the last quarter. Oak Thistle LLC bought a new position in Super Micro Computer in the 4th quarter valued at about $277,000. Finally, Diversify Advisory Services LLC bought a new position in Super Micro Computer in the 4th quarter valued at about $5,113,000. 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.