Barclays Has Lowered Expectations for Super Micro Computer (NASDAQ:SMCI) Stock Price

Super Micro Computer (NASDAQ:SMCI - Get Free Report) had its price target lowered by research analysts at Barclays from $59.00 to $34.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Barclays's price target would indicate a potential upside of 6.72% from the stock's previous close.

Other equities research analysts have also issued reports about the company. Northland Securities set a $70.00 price target on shares of Super Micro Computer in a report on Thursday, March 6th. JPMorgan Chase & Co. cut their target price on shares of Super Micro Computer from $39.00 to $36.00 and set a "neutral" rating on the stock in a research note on Wednesday. Wedbush reaffirmed a "hold" rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Cfra upgraded Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 price target on the stock in a report on Tuesday, February 11th. Finally, The Goldman Sachs Group downgraded Super Micro Computer from a "neutral" rating to a "sell" rating and reduced their price objective for the stock from $40.00 to $32.00 in a research note on Monday, March 24th. Three equities 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 given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $48.73.

Super Micro Computer Price Performance

Shares of SMCI traded down $4.14 during midday trading on Wednesday, reaching $31.86. The stock had a trading volume of 97,678,989 shares, compared to its average volume of 72,192,320. The firm's 50 day moving average price is $37.44 and its 200-day moving average price is $35.99. The company has a market capitalization of $19.01 billion, a P/E ratio of 15.99 and a beta of 1.22. Super Micro Computer has a 52 week low of $17.25 and a 52 week high of $101.40. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93.

Insider Activity at Super Micro Computer

In other Super Micro Computer news, CEO Charles Liang sold 46,293 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 67,403,640 shares in the company, valued at $3,381,640,618.80. This trade represents a 0.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP George Kao sold 71,720 shares of the business's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $50.48, for a total transaction of $3,620,425.60. Following the completion of the sale, the senior vice president now owns 19,449 shares of the company's stock, valued at $981,785.52. The trade was a 78.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 137,473 shares of company stock valued at $6,771,552. Corporate insiders own 17.60% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of Super Micro Computer by 908.4% during the fourth quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company's stock valued at $1,889,531,000 after buying an additional 55,845,073 shares during the last quarter. Geode Capital Management LLC raised its holdings in Super Micro Computer by 914.7% in the 4th quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company's stock valued at $390,572,000 after acquiring an additional 11,580,677 shares in the last quarter. FMR LLC bought a new stake in shares of Super Micro Computer in the 4th quarter worth approximately $292,869,000. Invesco Ltd. grew its holdings in shares of Super Micro Computer by 929.5% during the 4th quarter. Invesco Ltd. now owns 7,542,742 shares of the company's stock worth $229,903,000 after purchasing an additional 6,810,082 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of Super Micro Computer by 1,573.8% during the fourth quarter. Northern Trust Corp now owns 4,897,876 shares of the company's stock valued at $149,287,000 after purchasing an additional 4,605,260 shares during the period. 84.06% of the stock is 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.

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