Super Micro Computer (NASDAQ:SMCI) Shares Down 0.5% – What’s Next?

Super Micro Computer, Inc. (NASDAQ:SMCI)’s stock price was down 0.5% on Tuesday . The stock traded as low as $30.90 and last traded at $30.91. Approximately 9,064,365 shares changed hands during trading, a decline of 70% from the average daily volume of 30,684,318 shares. The stock had previously closed at $31.08.

Analyst Ratings Changes

Several equities research analysts recently commented on SMCI shares. Barclays cut their price target on shares of Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 2nd. Needham & Company LLC assumed coverage on Super Micro Computer in a report on Wednesday, September 18th. They issued a “buy” rating and a $60.00 target price for the company. Northland Capmk upgraded Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. JPMorgan Chase & Co. cut Super Micro Computer from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $50.00 to $23.00 in a research note on Wednesday, November 6th. Finally, The Goldman Sachs Group lowered their target price on shares of Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 6th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $66.89.

Super Micro Computer Trading Down 1.0 %

The business has a 50-day moving average of $32.13 and a 200 day moving average of $48.18. The stock has a market cap of $17.21 billion, a PE ratio of 15.45 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.

Hedge Funds Weigh In On Super Micro Computer

Several institutional investors and hedge funds have recently modified their holdings of SMCI. Kathmere Capital Management LLC grew its position in shares of Super Micro Computer by 5.0% in the second quarter. Kathmere Capital Management LLC now owns 379 shares of the company’s stock valued at $311,000 after purchasing an additional 18 shares during the period. Mount Yale Investment Advisors LLC grew its holdings in Super Micro Computer by 7.0% in the 2nd quarter. Mount Yale Investment Advisors LLC now owns 428 shares of the company’s stock valued at $351,000 after buying an additional 28 shares during the period. Total Clarity Wealth Management Inc. increased its stake in shares of Super Micro Computer by 3.3% during the 2nd quarter. Total Clarity Wealth Management Inc. now owns 903 shares of the company’s stock valued at $740,000 after acquiring an additional 29 shares during the last quarter. Steel Grove Capital Advisors LLC lifted its holdings in shares of Super Micro Computer by 3.9% during the 2nd quarter. Steel Grove Capital Advisors LLC now owns 790 shares of the company’s stock worth $647,000 after acquiring an additional 30 shares during the period. Finally, Resources Management Corp CT ADV boosted its position in shares of Super Micro Computer by 100.0% in the second quarter. Resources Management Corp CT ADV now owns 60 shares of the company’s stock worth $49,000 after acquiring an additional 30 shares during the last quarter. Hedge funds and other institutional investors own 84.06% of the company’s stock.

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.