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

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) was down 0.5% during mid-day trading on Friday . The company traded as low as $35.30 and last traded at $35.62. Approximately 13,558,947 shares traded hands during trading, a decline of 81% from the average daily volume of 72,084,759 shares. The stock had previously closed at $35.81.

Analysts Set New Price Targets

A number of research firms recently commented on SMCI. StockNews.com upgraded Super Micro Computer to a "sell" rating in a report on Friday, February 28th. Barclays began coverage on Super Micro Computer in a research note on Thursday, February 27th. They issued an "equal weight" rating and a $59.00 price target on the stock. Rosenblatt Securities initiated coverage on Super Micro Computer in a research report on Monday, March 10th. They set a "buy" rating and a $60.00 price objective for the company. The Goldman Sachs Group cut shares of Super Micro Computer from a "neutral" rating to a "sell" rating and decreased their target price for the company from $40.00 to $32.00 in a research report on Monday, March 24th. Finally, Wedbush reiterated a "hold" rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Super Micro Computer currently has an average rating of "Hold" and a consensus price target of $51.67.

Super Micro Computer Stock Performance

The stock's fifty day simple moving average is $38.37 and its 200-day simple moving average is $36.13. The company has a market capitalization of $21.64 billion, a price-to-earnings ratio of 18.31 and a beta of 1.22. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32.

Insider Activity at Super Micro Computer

In other news, Director Robert L. Blair sold 19,460 shares of the firm's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $42.58, for a total value of $828,606.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP George Kao sold 71,720 shares of the business's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $50.48, for a total transaction of $3,620,425.60. Following the transaction, the senior vice president now owns 19,449 shares of the company's stock, valued at approximately $981,785.52. The trade was a 78.67 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 137,473 shares of company stock worth $6,771,552. Company insiders own 17.60% of the company's stock.

Institutional Trading of Super Micro Computer

A number of institutional investors have recently bought and sold shares of the business. World Investment Advisors LLC raised its position in shares of Super Micro Computer by 13,210.5% during the 3rd quarter. World Investment Advisors LLC now owns 56,969 shares of the company's stock worth $23,722,000 after acquiring an additional 56,541 shares in the last quarter. Tidal Investments LLC increased its stake in Super Micro Computer by 143.8% in the third quarter. Tidal Investments LLC now owns 50,355 shares of the company's stock valued at $20,968,000 after purchasing an additional 29,697 shares during the last quarter. Synovus Financial Corp acquired a new stake in Super Micro Computer during the third quarter worth approximately $443,000. GAMMA Investing LLC lifted its position in shares of Super Micro Computer by 1,160.6% during the 4th quarter. GAMMA Investing LLC now owns 6,341 shares of the company's stock worth $193,000 after buying an additional 5,838 shares during the last quarter. Finally, Everence Capital Management Inc. boosted its holdings in shares of Super Micro Computer by 1,366.0% in the 4th quarter. Everence Capital Management Inc. now owns 15,540 shares of the company's stock valued at $474,000 after buying an additional 14,480 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.