Super Micro Computer (NASDAQ:SMCI) Stock Price Down 3.9% - Should You Sell?

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) was down 3.9% on Thursday . The company traded as low as $54.30 and last traded at $57.90. Approximately 73,096,542 shares changed hands during mid-day trading, an increase of 8% from the average daily volume of 67,475,789 shares. The stock had previously closed at $60.25.

Analyst Ratings Changes

A number of equities research analysts have weighed in on SMCI shares. Argus cut Super Micro Computer from a "buy" rating to a "hold" rating in a research note on Thursday, October 31st. Loop Capital upped their price target on Super Micro Computer from $40.00 to $50.00 and gave the stock a "buy" rating in a research note on Wednesday, February 12th. Northland Securities restated an "outperform" rating and set a $57.00 price target (up previously from $54.00) on shares of Super Micro Computer in a research note on Wednesday, February 12th. The Goldman Sachs Group cut their price target on Super Micro Computer from $67.50 to $28.00 and set a "neutral" rating for the company in a research note on Wednesday, November 6th. Finally, Wedbush upped their price target on Super Micro Computer from $24.00 to $40.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 12th. Three equities 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 data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $60.20.

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 company has a market cap of $32.83 billion, a price-to-earnings ratio of 28.15 and a beta of 1.30. The company has a fifty day simple moving average of $34.83 and a two-hundred day simple moving average of $39.86.

Institutional Trading of Super Micro Computer

Large investors have recently bought and sold shares of the company. Rakuten Securities Inc. grew its holdings in Super Micro Computer by 391.8% in the third quarter. Rakuten Securities Inc. now owns 76,660 shares of the company's stock valued at $31,921,000 after purchasing an additional 61,071 shares during the last quarter. Assetmark Inc. grew its holdings in Super Micro Computer by 164.8% in the third quarter. Assetmark Inc. now owns 150,333 shares of the company's stock valued at $62,599,000 after purchasing an additional 93,569 shares during the last quarter. Clear Creek Financial Management LLC acquired a new stake in Super Micro Computer in the fourth quarter valued at $635,000. Nepsis Inc. acquired a new stake in Super Micro Computer in the fourth quarter valued at $13,625,000. Finally, Sanctuary Advisors LLC grew its holdings in Super Micro Computer by 254.7% in the third quarter. Sanctuary Advisors LLC now owns 30,634 shares of the company's stock valued at $12,756,000 after purchasing an additional 21,997 shares during 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.