Super Micro Computer (NASDAQ:SMCI) Cut to Sell at The Goldman Sachs Group

The Goldman Sachs Group downgraded shares of Super Micro Computer (NASDAQ:SMCI) from a neutral rating to a sell rating in a report released on Monday morning, MarketBeat reports. They currently have $32.00 price objective on the stock, down from their prior price objective of $40.00.

Other research analysts also recently issued research reports about the stock. Barclays began coverage on shares of Super Micro Computer in a report on Thursday, February 27th. They set an “equal weight” rating and a $59.00 price objective for the company. Loop Capital reissued a “buy” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Rosenblatt Securities started coverage on Super Micro Computer in a research note on Monday, March 10th. They issued a “buy” rating and a $60.00 price objective on the stock. Northland Securities set a $70.00 target price on Super Micro Computer in a research report on Thursday, March 6th. Finally, Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $53.00.

Super Micro Computer Stock Down 8.9 %

Shares of SMCI opened at $37.04 on Monday. The business’s 50 day moving average is $39.19 and its 200 day moving average is $37.81. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. Super Micro Computer has a 12-month low of $17.25 and a 12-month high of $106.90. The company has a market capitalization of $21.98 billion, a PE ratio of 18.59 and a beta of 1.21.

Insider Buying and Selling at Super Micro Computer

In other news, Director Robert L. Blair sold 19,460 shares of the company’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $42.58, for a total value of $828,606.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Charles Liang sold 46,293 shares of Super Micro Computer stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $50.17, for a total transaction of $2,322,519.81. Following the sale, the chief executive officer now owns 67,403,640 shares of the company’s stock, valued at $3,381,640,618.80. The trade was a 0.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 137,473 shares of company stock worth $6,771,552 over the last 90 days. Company insiders own 17.60% of the company’s stock.

Institutional Trading of Super Micro Computer

Large investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Super Micro Computer by 908.4% in the 4th quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company’s stock worth $1,889,531,000 after buying an additional 55,845,073 shares during the period. Geode Capital Management LLC raised its stake in Super Micro Computer by 914.7% in the fourth quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company’s stock worth $390,572,000 after buying an additional 11,580,677 shares in the last quarter. FMR LLC purchased a new stake in Super Micro Computer during the fourth quarter worth $292,869,000. Invesco Ltd. boosted its position in Super Micro Computer by 929.5% during the 4th quarter. Invesco Ltd. now owns 7,542,742 shares of the company’s stock valued at $229,903,000 after acquiring an additional 6,810,082 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Super Micro Computer by 1,573.8% in the 4th quarter. Northern Trust Corp now owns 4,897,876 shares of the company’s stock valued at $149,287,000 after acquiring an additional 4,605,260 shares during the period. 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.