Super Micro Computer (NASDAQ:SMCI) Shares Down 2.8% - Time to Sell?

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report)'s share price dropped 2.8% during mid-day trading on Friday . The company traded as low as $32.66 and last traded at $32.74. Approximately 9,801,337 shares traded hands during trading, a decline of 87% from the average daily volume of 73,310,007 shares. The stock had previously closed at $33.68.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SMCI. Rosenblatt Securities initiated coverage on shares of Super Micro Computer in a research report on Monday, March 10th. They set a "buy" rating and a $60.00 price target for the company. The Goldman Sachs Group lowered shares of Super Micro Computer from a "neutral" rating to a "sell" rating and lowered their target price for the stock from $40.00 to $32.00 in a report on Monday, March 24th. Barclays started coverage on shares of Super Micro Computer in a research report on Thursday, February 27th. They set an "equal weight" rating and a $59.00 target price for the company. Northland Capmk raised Super Micro Computer to a "strong-buy" rating in a research note on Friday, December 20th. Finally, Cfra raised Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 target price on the stock in a research note on Tuesday, February 11th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $53.00.

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Super Micro Computer Price 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 stock has a market capitalization of $19.87 billion, a price-to-earnings ratio of 16.81 and a beta of 1.22. The business's 50 day simple moving average is $40.19 and its 200-day simple moving average is $36.76.

Insider Buying and Selling at Super Micro Computer

In other Super Micro Computer news, CEO Charles Liang sold 46,293 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer now owns 67,403,640 shares of the company's stock, valued at approximately $3,381,640,618.80. The trade was a 0.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert L. Blair sold 19,460 shares of Super Micro Computer stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $42.58, for a total transaction of $828,606.80. The disclosure for this sale can be found here. Insiders sold a total of 137,473 shares of company stock worth $6,771,552 over the last three months. Corporate insiders own 17.60% of the company's stock.

Hedge Funds Weigh In On Super Micro Computer

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Super Micro Computer by 908.4% during the 4th quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company's stock valued at $1,889,531,000 after purchasing an additional 55,845,073 shares during the period. Geode Capital Management LLC increased its position in shares of Super Micro Computer by 914.7% during the fourth quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company's stock worth $390,572,000 after buying an additional 11,580,677 shares during the period. FMR LLC bought a new position in Super Micro Computer during the fourth quarter worth $292,869,000. Invesco Ltd. lifted its holdings in Super Micro Computer by 929.5% in the fourth quarter. Invesco Ltd. now owns 7,542,742 shares of the company's stock valued at $229,903,000 after buying an additional 6,810,082 shares during the period. Finally, Northern Trust Corp boosted its position in Super Micro Computer by 1,573.8% during the fourth quarter. Northern Trust Corp now owns 4,897,876 shares of the company's stock valued at $149,287,000 after acquiring an additional 4,605,260 shares during the last quarter. 84.06% of the stock is currently owned by institutional investors and hedge funds.

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.