Super Micro Computer (NASDAQ:SMCI) Trading Down 4% – Here’s What Happened

Super Micro Computer, Inc. (NASDAQ:SMCI)’s stock price traded down 4% on Tuesday . The stock traded as low as $39.80 and last traded at $40.93. 46,471,351 shares were traded during mid-day trading, an increase of 10% from the average session volume of 42,197,535 shares. The stock had previously closed at $42.65.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. Wedbush restated a “neutral” rating and set a $32.00 price target (down from $62.00) on shares of Super Micro Computer in a research report on Monday, November 4th. Loop Capital boosted their price target on shares of Super Micro Computer from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group dropped their price target 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. Finally, Argus downgraded shares of Super Micro Computer from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Super Micro Computer has a consensus rating of “Hold” and an average target price of $63.07.

Super Micro Computer Price Performance

The stock’s 50-day moving average is $33.56 and its 200 day moving average is $40.74. The stock has a market capitalization of $23.04 billion, a PE ratio of 19.77 and a beta of 1.30. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32.

Institutional Trading of Super Micro Computer

Institutional investors have recently added to or reduced their stakes in the business. Rakuten Securities Inc. lifted its stake in Super Micro Computer by 391.8% in the third quarter. Rakuten Securities Inc. now owns 76,660 shares of the company’s stock valued at $31,921,000 after acquiring an additional 61,071 shares during the last quarter. Assetmark Inc. lifted its stake in Super Micro Computer by 164.8% in the third quarter. Assetmark Inc. now owns 150,333 shares of the company’s stock valued at $62,599,000 after acquiring an additional 93,569 shares during the last quarter. Clear Creek Financial Management LLC acquired a new stake in shares of Super Micro Computer in the fourth quarter worth $635,000. Nepsis Inc. acquired a new stake in shares of Super Micro Computer in the fourth quarter worth $13,625,000. Finally, Sanctuary Advisors LLC lifted its stake in shares of Super Micro Computer by 254.7% in the third quarter. Sanctuary Advisors LLC now owns 30,634 shares of the company’s stock worth $12,756,000 after buying an additional 21,997 shares during the last quarter. 84.06% of the stock is currently owned by institutional investors and hedge funds.

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.