Super Micro Computer (NASDAQ:SMCI) Downgraded by The Goldman Sachs Group to “Sell”

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

A number of other research analysts also recently commented on the stock. JPMorgan Chase & Co. raised shares of Super Micro Computer from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $35.00 to $45.00 in a research note on Friday. Cfra raised shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research note on Tuesday, February 11th. Wedbush reissued a “hold” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. StockNews.com raised Super Micro Computer to a “sell” rating in a research report on Friday, February 28th. Finally, Barclays started coverage on Super Micro Computer in a report on Thursday, February 27th. They issued an “equal weight” rating and a $59.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $53.00.

Super Micro Computer Price Performance

Shares of NASDAQ:SMCI opened at $41.72 on Monday. The business has a fifty day simple moving average of $38.87 and a 200-day simple moving average of $37.83. Super Micro Computer has a 52 week low of $17.25 and a 52 week high of $110.61. The company has a market cap of $24.76 billion, a P/E ratio of 20.94 and a beta of 1.21. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32.

Insiders Place Their Bets

In other Super Micro Computer news, SVP George Kao sold 71,720 shares of the firm’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $50.48, for a total transaction of $3,620,425.60. Following the completion of the transaction, the senior vice president now directly owns 19,449 shares of the company’s stock, valued at $981,785.52. This trade represents a 78.67 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Charles Liang sold 46,293 shares of the business’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $50.17, for a total transaction of $2,322,519.81. Following the completion of the sale, the chief executive officer now directly 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 have sold 137,473 shares of company stock worth $6,771,552 in the last three months. 17.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of SMCI. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Super Micro Computer during the third quarter worth $548,000. PNC Financial Services Group Inc. boosted its holdings in shares of Super Micro Computer by 34.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 9,174 shares of the company’s stock valued at $3,820,000 after buying an additional 2,335 shares during the period. Advisors Asset Management Inc. grew its position in shares of Super Micro Computer by 22.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,618 shares of the company’s stock valued at $1,090,000 after buying an additional 478 shares during the last quarter. Meridian Wealth Management LLC acquired a new stake in Super Micro Computer during the third quarter worth about $270,000. Finally, Cerity Partners LLC lifted its holdings in Super Micro Computer by 22.5% in the third quarter. Cerity Partners LLC now owns 2,707 shares of the company’s stock worth $1,127,000 after acquiring an additional 497 shares during the last quarter. Institutional investors 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.