Super Micro Computer (NASDAQ:SMCI) Shares Down 6.7% – Should You Sell?

Super Micro Computer, Inc. (NASDAQ:SMCI) fell 6.7% during mid-day trading on Monday . The company traded as low as $31.20 and last traded at $33.99. 45,108,012 shares changed hands during mid-day trading, a decline of 46% from the average session volume of 83,670,367 shares. The stock had previously closed at $36.45.

Analysts Set New Price Targets

SMCI has been the topic of several recent research reports. StockNews.com cut shares of Super Micro Computer from a “hold” rating to a “sell” rating in a report on Wednesday, October 9th. Mizuho assumed coverage on Super Micro Computer in a research note on Tuesday, September 17th. They set a “neutral” rating and a $45.00 price objective on the stock. Cfra reaffirmed a “hold” rating and issued a $45.40 price objective (down from $72.90) on shares of Super Micro Computer in a report on Wednesday, August 28th. Wedbush reissued a “neutral” rating and set a $32.00 target price (down from $62.00) on shares of Super Micro Computer in a report on Monday, November 4th. Finally, Argus downgraded Super Micro Computer from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $66.89.

Super Micro Computer Stock Performance

The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $18.91 billion, a price-to-earnings ratio of 16.98 and a beta of 1.29. The stock’s 50-day moving average is $36.27 and its 200-day moving average is $54.95.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SMCI. Fielder Capital Group LLC grew its position in shares of Super Micro Computer by 2.8% in the 2nd quarter. Fielder Capital Group LLC now owns 580 shares of the company’s stock valued at $475,000 after buying an additional 16 shares during the last quarter. Kathmere Capital Management LLC raised its stake in Super Micro Computer by 5.0% during the second quarter. Kathmere Capital Management LLC now owns 379 shares of the company’s stock worth $311,000 after buying an additional 18 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in Super Micro Computer by 0.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 4,322 shares of the company’s stock valued at $3,541,000 after buying an additional 19 shares during the period. First Horizon Advisors Inc. boosted its position in Super Micro Computer by 10.6% during the second quarter. First Horizon Advisors Inc. now owns 219 shares of the company’s stock valued at $179,000 after acquiring an additional 21 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. grew its holdings in Super Micro Computer by 400.0% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 30 shares of the company’s stock worth $25,000 after acquiring an additional 24 shares during the period. 84.06% of the stock is currently owned by institutional investors.

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.