Super Micro Computer (NASDAQ:SMCI) Shares Gap Down – Should You Sell?

Super Micro Computer, Inc. (NASDAQ:SMCI) shares gapped down before the market opened on Friday . The stock had previously closed at $35.07, but opened at $32.97. Super Micro Computer shares last traded at $32.26, with a volume of 16,366,785 shares trading hands.

Analysts Set New Price Targets

Several analysts have commented on SMCI shares. Loop Capital decreased their price target on shares of Super Micro Computer from $150.00 to $100.00 and set a “buy” rating on the stock in a research note on Monday, September 23rd. Barclays dropped their price target on Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 2nd. Needham & Company LLC began coverage on Super Micro Computer in a report on Wednesday, September 18th. They set a “buy” rating and a $60.00 price target for the company. Wedbush reaffirmed a “neutral” rating and set a $32.00 price objective (down from $62.00) on shares of Super Micro Computer in a report on Monday, November 4th. Finally, Mizuho began coverage on shares of Super Micro Computer in a report on Tuesday, September 17th. They issued a “neutral” rating and a $45.00 target price for the company. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $66.89.

Super Micro Computer Stock Down 7.1 %

The firm has a market cap of $18.23 billion, a PE ratio of 16.28 and a beta of 1.28. The company has a 50-day simple moving average of $37.70 and a 200-day simple moving average of $59.71. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93.

Hedge Funds Weigh In On Super Micro Computer

A number of large investors have recently bought and sold shares of the business. Farmers & Merchants Investments Inc. lifted its position in shares of Super Micro Computer by 400.0% during the second quarter. Farmers & Merchants Investments Inc. now owns 30 shares of the company’s stock worth $25,000 after purchasing an additional 24 shares during the last quarter. Moser Wealth Advisors LLC bought a new stake in Super Micro Computer during the 2nd quarter valued at about $25,000. Hazlett Burt & Watson Inc. boosted its position in Super Micro Computer by 141.2% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 41 shares of the company’s stock valued at $34,000 after buying an additional 24 shares during the period. AlphaCentric Advisors LLC bought a new position in Super Micro Computer in the 2nd quarter worth about $42,000. Finally, First PREMIER Bank increased its position in shares of Super Micro Computer by 126.1% during the second quarter. First PREMIER Bank now owns 52 shares of the company’s stock worth $43,000 after acquiring an additional 29 shares during the period. Hedge funds and other institutional investors own 84.06% of the company’s stock.

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.