Super Micro Computer (NASDAQ:SMCI) Shares Gap Down - What's Next?

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report)'s share price gapped down before the market opened on Monday . The stock had previously closed at $32.60, but opened at $30.84. Super Micro Computer shares last traded at $29.56, with a volume of 10,801,152 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Wedbush reissued a "neutral" rating and issued a $32.00 target price (down from $62.00) on shares of Super Micro Computer in a research report on Monday, November 4th. Northland Capmk raised shares of Super Micro Computer to a "strong-buy" rating in a report on Friday, December 20th. Barclays decreased their price objective on Super Micro Computer from $438.00 to $42.00 and set an "equal weight" rating on the stock in a report on Wednesday, October 2nd. Mizuho began coverage on Super Micro Computer in a research note on Tuesday, September 17th. They set a "neutral" rating and a $45.00 price objective on the stock. Finally, StockNews.com cut shares of Super Micro Computer from a "hold" rating to a "sell" rating in a research note on Wednesday, October 9th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $66.89.

Super Micro Computer Trading Down 4.7 %

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 firm has a 50-day moving average price of $32.13 and a 200 day moving average price of $48.18. The company has a market cap of $17.38 billion, a price-to-earnings ratio of 15.60 and a beta of 1.31.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC lifted its stake in Super Micro Computer by 63,634.1% during 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 during the last quarter. Bridgewater Associates LP lifted its position in shares of Super Micro Computer by 921.1% in the third quarter. Bridgewater Associates LP now owns 161,104 shares of the company's stock worth $67,084,000 after buying an additional 145,327 shares during the last quarter. Van ECK Associates Corp grew its stake in Super Micro Computer by 1,169.5% in the 3rd quarter. Van ECK Associates Corp now owns 134,670 shares of the company's stock valued at $56,077,000 after buying an additional 124,062 shares during the last quarter. Inspire Investing LLC lifted its holdings in shares of Super Micro Computer by 1,730.3% during the third quarter. Inspire Investing LLC now owns 107,421 shares of the company's stock worth $44,730,000 after buying an additional 101,552 shares during the last quarter. Finally, Czech National Bank grew its position in Super Micro Computer by 963.7% during the fourth quarter. Czech National Bank now owns 109,175 shares of the company's stock worth $3,328,000 after buying an additional 98,911 shares in the last quarter. Institutional investors and hedge funds 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.