Super Micro Computer (NASDAQ:SMCI) Shares Down 5.9% - Should You Sell?

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report)'s stock price fell 5.9% on Monday . The stock traded as low as $29.01 and last traded at $30.67. 19,555,264 shares traded hands during trading, a decline of 38% from the average session volume of 31,789,586 shares. The stock had previously closed at $32.60.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on SMCI. Needham & Company LLC initiated coverage on shares of Super Micro Computer in a research note on Wednesday, September 18th. They issued a "buy" rating and a $60.00 target price for the company. The Goldman Sachs Group reduced their price objective on shares of Super Micro Computer from $67.50 to $28.00 and set a "neutral" rating for the company in a research report on Wednesday, November 6th. Northland Capmk raised shares of Super Micro Computer to a "strong-buy" rating in a research report on Friday, December 20th. Argus downgraded Super Micro Computer from a "buy" rating to a "hold" rating in a research report on Thursday, October 31st. Finally, JPMorgan Chase & Co. cut Super Micro Computer from a "neutral" rating to an "underweight" rating and cut their price objective for the stock from $50.00 to $23.00 in a research report on Wednesday, November 6th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $66.89.

Super Micro Computer Price Performance

The firm's 50 day moving average price is $32.18 and its two-hundred day moving average price is $47.77. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. The stock has a market cap of $17.33 billion, a PE ratio of 15.56 and a beta of 1.31.

Institutional Investors Weigh In On Super Micro Computer

A number of hedge funds and other institutional investors have recently bought and sold shares of SMCI. Resources Management Corp CT ADV increased its holdings in Super Micro Computer by 100.0% during the 2nd quarter. Resources Management Corp CT ADV now owns 60 shares of the company's stock worth $49,000 after acquiring an additional 30 shares during the period. Clear Point Advisors Inc. raised its position in shares of Super Micro Computer by 471.4% in the second quarter. Clear Point Advisors Inc. now owns 80 shares of the company's stock worth $66,000 after buying an additional 66 shares in the last quarter. Quarry LP boosted its stake in Super Micro Computer by 5,850.0% during the second quarter. Quarry LP now owns 119 shares of the company's stock valued at $98,000 after buying an additional 117 shares during the period. Emerald Mutual Fund Advisers Trust purchased a new position in Super Micro Computer during the third quarter worth about $87,000. Finally, Optimist Retirement Group LLC increased its stake in Super Micro Computer by 27.1% in the 2nd quarter. Optimist Retirement Group LLC now owns 258 shares of the company's stock worth $211,000 after acquiring an additional 55 shares during the last quarter. Institutional investors 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.