Super Micro Computer (NASDAQ:SMCI) Shares Down 5.3% – Should You Sell?

Super Micro Computer, Inc. (NASDAQ:SMCI) dropped 5.3% during mid-day trading on Tuesday . The company traded as low as $40.84 and last traded at $41.81. Approximately 22,649,082 shares were traded during mid-day trading, a decline of 73% from the average daily volume of 83,868,688 shares. The stock had previously closed at $44.16.

Analyst Ratings Changes

SMCI has been the subject of several research analyst reports. Mizuho began coverage on Super Micro Computer in a research report on Tuesday, September 17th. They set a “neutral” rating and a $45.00 price target for the company. Argus cut Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Loop Capital cut 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. Needham & Company LLC assumed coverage on shares of Super Micro Computer in a research note on Wednesday, September 18th. They issued a “buy” rating and a $60.00 price objective for the company. Finally, Cfra reaffirmed a “hold” rating and set a $45.40 target price (down from $72.90) on shares of Super Micro Computer in a research note on Wednesday, August 28th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Super Micro Computer has a consensus rating of “Hold” and a consensus price target of $66.89.

Super Micro Computer Stock Performance

The firm has a 50 day moving average of $37.03 and a two-hundred day moving average of $57.03. 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 $23.13 billion, a PE ratio of 20.22 and a beta of 1.29.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of SMCI. Farmers & Merchants Investments Inc. lifted its position in Super Micro Computer by 400.0% in the second quarter. Farmers & Merchants Investments Inc. now owns 30 shares of the company’s stock valued at $25,000 after acquiring an additional 24 shares during the last quarter. Moser Wealth Advisors LLC purchased a new position in Super Micro Computer during the 2nd quarter worth approximately $25,000. Hazlett Burt & Watson Inc. increased its position in Super Micro Computer by 141.2% during the second quarter. Hazlett Burt & Watson Inc. now owns 41 shares of the company’s stock worth $34,000 after buying an additional 24 shares during the period. AlphaCentric Advisors LLC purchased a new stake in Super Micro Computer in the second quarter valued at approximately $42,000. Finally, First PREMIER Bank boosted its holdings in shares of Super Micro Computer by 126.1% in the second quarter. First PREMIER Bank now owns 52 shares of the company’s stock valued at $43,000 after acquiring an additional 29 shares during the period. Institutional investors and hedge funds 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.