Super Micro Computer (NASDAQ:SMCI) Stock Price Down 9.3% - What's Next?

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) shares fell 9.3% during trading on Friday . The stock traded as low as $28.14 and last traded at $29.31. 19,465,381 shares changed hands during mid-day trading, a decline of 73% from the average session volume of 73,127,365 shares. The stock had previously closed at $32.32.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SMCI. Northland Capmk raised Super Micro Computer to a "strong-buy" rating in a research report on Friday, December 20th. Barclays began coverage on shares of Super Micro Computer in a report on Thursday, February 27th. They set an "equal weight" rating and a $59.00 target price on the stock. Loop Capital reaffirmed a "buy" rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Wedbush reiterated a "hold" rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Finally, JPMorgan Chase & Co. raised Super Micro Computer from an "underweight" rating to a "neutral" rating and upped their target price for the company from $35.00 to $45.00 in a report on Friday, March 21st. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $53.00.

Super Micro Computer Price Performance

The company has a market cap of $17.70 billion, a P/E ratio of 14.97 and a beta of 1.22. 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 company has a fifty day simple moving average of $39.39 and a 200-day simple moving average of $37.37.

Remove Ads

Insider Transactions at Super Micro Computer

In other news, CEO Charles Liang sold 46,293 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $50.17, for a total transaction of $2,322,519.81. Following the sale, the chief executive officer now owns 67,403,640 shares in the company, valued at $3,381,640,618.80. The trade was a 0.07 % decrease in their ownership of the stock. The transaction 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 the firm's stock in a transaction that occurred on Friday, February 28th. The stock was 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 have sold 137,473 shares of company stock valued at $6,771,552 over the last three months. Company insiders own 17.60% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SMCI. Vanguard Group Inc. increased its holdings in shares of Super Micro Computer by 908.4% in 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 stake in Super Micro Computer by 914.7% in the 4th quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company's stock valued at $390,572,000 after buying an additional 11,580,677 shares during the period. FMR LLC acquired a new position in Super Micro Computer in the 4th quarter valued at approximately $292,869,000. Invesco Ltd. lifted its position in Super Micro Computer by 929.5% in the 4th quarter. Invesco Ltd. now owns 7,542,742 shares of the company's stock worth $229,903,000 after buying an additional 6,810,082 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Super Micro Computer by 1,573.8% during the 4th quarter. Northern Trust Corp now owns 4,897,876 shares of the company's stock valued at $149,287,000 after buying an additional 4,605,260 shares during the period. 84.06% of the stock is 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.