Super Micro Computer (NASDAQ:SMCI) Shares Down 0.1% - What's Next?

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report)'s stock price was down 0.1% during trading on Tuesday . The stock traded as low as $41.16 and last traded at $41.69. Approximately 25,135,895 shares traded hands during trading, a decline of 66% from the average daily volume of 74,943,023 shares. The stock had previously closed at $41.72.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on SMCI shares. StockNews.com raised Super Micro Computer to a "sell" rating in a report on Friday, February 28th. Northland Capmk raised Super Micro Computer to a "strong-buy" rating in a research note on Friday, December 20th. Northland Securities set a $70.00 target price on shares of Super Micro Computer in a report on Thursday, March 6th. Cfra raised shares of Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 price target on the stock in a report on Tuesday, February 11th. Finally, Barclays started coverage on shares of Super Micro Computer in a research note 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 issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $53.00.

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Super Micro Computer Stock Down 1.7 %

The stock has a fifty day moving average of $39.27 and a two-hundred day moving average of $37.79. 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 cap of $20.25 billion, a price-to-earnings ratio of 17.07 and a beta of 1.21.

Insider Buying and Selling at Super Micro Computer

In related news, Director Robert L. Blair sold 19,460 shares of Super Micro Computer stock in a transaction on Friday, February 28th. The shares were sold at an average price of $42.58, for a total transaction of $828,606.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP George Kao sold 71,720 shares of the company's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $50.48, for a total transaction of $3,620,425.60. Following the completion of the transaction, the senior vice president now directly owns 19,449 shares of the company's stock, valued at approximately $981,785.52. The trade was a 78.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 137,473 shares of company stock valued at $6,771,552 over the last three months. 17.60% of the stock is owned by company insiders.

Institutional Trading of Super Micro Computer

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Benjamin Edwards Inc. acquired a new position in shares of Super Micro Computer in the 3rd quarter valued at approximately $383,000. Parkside Financial Bank & Trust increased its stake in shares of Super Micro Computer by 2,890.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 987 shares of the company's stock worth $30,000 after buying an additional 954 shares during the last quarter. Larson Financial Group LLC raised its holdings in Super Micro Computer by 902.0% in the fourth quarter. Larson Financial Group LLC now owns 992 shares of the company's stock valued at $30,000 after acquiring an additional 893 shares in the last quarter. Salem Investment Counselors Inc. bought a new position in Super Micro Computer during the 4th quarter valued at $30,000. Finally, Trust Co. of Vermont grew its holdings in Super Micro Computer by 900.0% during the 4th quarter. Trust Co. of Vermont now owns 1,000 shares of the company's stock worth $30,000 after acquiring an additional 900 shares in the last quarter. 84.06% of the stock is owned by hedge funds and other institutional investors.

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.