Super Micro Computer (NASDAQ:SMCI) Lowered to Sell Rating by The Goldman Sachs Group

Super Micro Computer (NASDAQ:SMCI - Get Free Report) was downgraded by analysts at The Goldman Sachs Group from a "neutral" rating to a "sell" rating in a report issued on Monday, Marketbeat reports. They currently have a $32.00 price objective on the stock, down from their previous price objective of $40.00. The Goldman Sachs Group's price target would suggest a potential downside of 21.26% from the stock's previous close.

Several other equities analysts have also issued reports on the stock. Barclays assumed coverage on shares of Super Micro Computer in a report on Thursday, February 27th. They set an "equal weight" rating and a $59.00 price objective on the stock. JPMorgan Chase & Co. raised shares of Super Micro Computer from an "underweight" rating to a "neutral" rating and raised their price target for the stock from $35.00 to $45.00 in a report on Friday. Rosenblatt Securities assumed coverage on shares of Super Micro Computer in a research note on Monday, March 10th. They set a "buy" rating and a $60.00 price objective for the company. Loop Capital reiterated a "buy" rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Finally, Northland Securities set a $70.00 target price on Super Micro Computer in a research report on Thursday, March 6th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $53.00.

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Super Micro Computer Trading Down 2.6 %

Shares of SMCI traded down $1.08 during mid-day trading on Monday, reaching $40.64. 57,503,863 shares of the company's stock traded hands, compared to its average volume of 73,254,549. Super Micro Computer has a 12 month low of $17.25 and a 12 month high of $110.61. The stock has a market cap of $24.12 billion, a P/E ratio of 20.40 and a beta of 1.21. The stock's 50-day moving average is $38.87 and its two-hundred day moving average is $37.83. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93.

Insiders Place Their Bets

In other news, CEO Charles Liang sold 46,293 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 67,403,640 shares of the company's stock, valued at approximately $3,381,640,618.80. This trade represents a 0.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert L. Blair sold 19,460 shares of Super Micro Computer stock in a transaction 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 a total of 137,473 shares of company stock worth $6,771,552 over the last quarter. 17.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Super Micro Computer

A number of institutional investors and hedge funds have recently bought and sold shares of SMCI. Meridian Wealth Management LLC purchased a new stake in shares of Super Micro Computer in the 3rd quarter valued at approximately $270,000. Benjamin Edwards Inc. bought a new stake in shares of Super Micro Computer during the 3rd quarter worth $383,000. Parkside Financial Bank & Trust grew its position in shares of Super Micro Computer by 2,890.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 987 shares of the company's stock valued at $30,000 after purchasing an additional 954 shares during the last quarter. Larson Financial Group LLC increased its position in Super Micro Computer by 902.0% in the 4th quarter. Larson Financial Group LLC now owns 992 shares of the company's stock worth $30,000 after buying an additional 893 shares during the period. Finally, Salem Investment Counselors Inc. acquired a new position in Super Micro Computer during the 4th quarter valued at $30,000. 84.06% of the stock is owned by institutional investors and hedge funds.

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.