Super Micro Computer (NASDAQ:SMCI) Sees Unusually-High Trading Volume – What’s Next?

Super Micro Computer, Inc. (NASDAQ:SMCI) shares saw unusually-high trading volume on Monday . Approximately 16,588,282 shares traded hands during mid-day trading, a decline of 24% from the previous session’s volume of 21,758,871 shares.The stock last traded at $38.17 and had previously closed at $33.33.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SMCI. JPMorgan Chase & Co. cut shares of Super Micro Computer from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $50.00 to $23.00 in a research report on Wednesday, November 6th. Mizuho initiated coverage on shares of 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. The Goldman Sachs Group cut their price objective on shares of Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating on the stock in a report on Wednesday, November 6th. Barclays lowered their target price on shares of Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating for the company in a report on Wednesday, October 2nd. Finally, StockNews.com downgraded Super Micro Computer from a “hold” rating to a “sell” rating in a research note on Wednesday, October 9th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $66.89.

Super Micro Computer Stock Down 5.1 %

The stock has a market capitalization of $18.24 billion, a price-to-earnings ratio of 16.37 and a beta of 1.31. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. The firm’s fifty day simple moving average is $31.83 and its 200 day simple moving average is $49.67.

Institutional Trading of Super Micro Computer

Several hedge funds and other institutional investors have recently modified their holdings of SMCI. State Street Corp grew its holdings in shares of Super Micro Computer by 4.3% during the third quarter. State Street Corp now owns 2,138,142 shares of the company’s stock worth $890,322,000 after buying an additional 88,692 shares in the last quarter. Geode Capital Management LLC boosted its position in Super Micro Computer by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,266,040 shares of the company’s stock worth $529,753,000 after acquiring an additional 16,007 shares during the last quarter. Disciplined Growth Investors Inc. MN grew its stake in shares of Super Micro Computer by 3.1% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 1,043,469 shares of the company’s stock worth $434,500,000 after acquiring an additional 31,064 shares in the last quarter. International Assets Investment Management LLC raised its holdings in shares of Super Micro Computer by 63,634.1% in the third quarter. International Assets Investment Management LLC now owns 916,496 shares of the company’s stock valued at $381,629,000 after purchasing an additional 915,058 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Super Micro Computer by 0.6% in the second quarter. Dimensional Fund Advisors LP now owns 345,830 shares of the company’s stock worth $283,609,000 after purchasing an additional 2,011 shares in the last quarter. 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.