Super Micro Computer (NASDAQ:SMCI) Trading Down 0.5% - Time to Sell?

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report)'s share price was down 0.5% during trading on Tuesday . The stock traded as low as $30.90 and last traded at $30.91. Approximately 9,064,365 shares changed hands during trading, a decline of 70% from the average daily volume of 30,684,318 shares. The stock had previously closed at $31.08.

Analyst Upgrades and Downgrades

Several analysts recently commented on SMCI shares. Loop Capital decreased their price target on Super Micro Computer from $150.00 to $100.00 and set a "buy" rating on the stock in a research note on Monday, September 23rd. StockNews.com downgraded shares of Super Micro Computer from a "hold" rating to a "sell" rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. cut shares of Super Micro Computer from a "neutral" rating to an "underweight" rating and dropped their target price for the stock from $50.00 to $23.00 in a research report on Wednesday, November 6th. Needham & Company LLC assumed coverage on shares of Super Micro Computer in a research report on Wednesday, September 18th. They issued a "buy" rating and a $60.00 price target on the stock. Finally, Northland Capmk raised shares of Super Micro Computer to a "strong-buy" rating in a research note on Friday, December 20th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $66.89.

Super Micro Computer Stock Performance

The firm has a market cap of $17.08 billion, a P/E ratio of 15.33 and a beta of 1.31. 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 fifty day moving average of $32.18 and a 200-day moving average of $47.77.

Institutional Investors Weigh In On Super Micro Computer

Several institutional investors have recently modified their holdings of the business. Kathmere Capital Management LLC boosted its stake in Super Micro Computer by 5.0% in the second quarter. Kathmere Capital Management LLC now owns 379 shares of the company's stock valued at $311,000 after acquiring an additional 18 shares during the last quarter. Mount Yale Investment Advisors LLC grew its stake in shares of Super Micro Computer by 7.0% during the second quarter. Mount Yale Investment Advisors LLC now owns 428 shares of the company's stock worth $351,000 after purchasing an additional 28 shares during the period. Total Clarity Wealth Management Inc. increased its holdings in Super Micro Computer by 3.3% in the second quarter. Total Clarity Wealth Management Inc. now owns 903 shares of the company's stock valued at $740,000 after purchasing an additional 29 shares during the last quarter. Steel Grove Capital Advisors LLC lifted its stake in Super Micro Computer by 3.9% in the second quarter. Steel Grove Capital Advisors LLC now owns 790 shares of the company's stock valued at $647,000 after buying an additional 30 shares during the period. Finally, Resources Management Corp CT ADV boosted its holdings in Super Micro Computer by 100.0% during the second quarter. Resources Management Corp CT ADV now owns 60 shares of the company's stock worth $49,000 after buying an additional 30 shares during 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.