Super Micro Computer (NASDAQ:SMCI) Stock Price Down 1.2% - Should You Sell?

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) was down 1.2% during trading on Friday . The company traded as low as $49.08 and last traded at $49.76. Approximately 9,101,493 shares were traded during trading, a decline of 87% from the average daily volume of 68,485,363 shares. The stock had previously closed at $50.36.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Super Micro Computer from $36.00 to $35.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Raymond James Financial initiated coverage on Super Micro Computer in a report on Wednesday, June 25th. They set an "outperform" rating on the stock. Wedbush reiterated a "buy" rating on shares of Super Micro Computer in a research report on Wednesday, June 25th. Needham & Company LLC restated a "buy" rating and set a $39.00 price objective on shares of Super Micro Computer in a research note on Wednesday, May 7th. Finally, Bank of America initiated coverage on shares of Super Micro Computer in a report on Wednesday, July 9th. They issued an "underperform" rating and a $35.00 price objective for the company. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $41.47.

Super Micro Computer Stock Up 1.0%

The company has a debt-to-equity ratio of 0.38, a current ratio of 6.66 and a quick ratio of 3.95. The firm has a market capitalization of $29.68 billion, a P/E ratio of 26.16, a PEG ratio of 2.25 and a beta of 1.43. The firm's fifty day moving average price is $43.26 and its 200-day moving average price is $38.75.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.01. Super Micro Computer had a return on equity of 20.41% and a net margin of 5.61%. The firm had revenue of $4.60 billion during the quarter, compared to analyst estimates of $5.40 billion. During the same period last year, the company posted $0.66 EPS. The firm's quarterly revenue was up 19.5% on a year-over-year basis. As a group, equities research analysts forecast that Super Micro Computer, Inc. will post 1.86 earnings per share for the current year.

Insider Activity

In other Super Micro Computer news, CEO Charles Liang sold 300,000 shares of the company's stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $45.00, for a total value of $13,500,000.00. Following the transaction, the chief executive officer owned 66,903,640 shares of the company's stock, valued at approximately $3,010,663,800. This represents a 0.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Liang Chiu-Chu Sara Liu sold 300,000 shares of the stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $45.00, for a total value of $13,500,000.00. Following the sale, the director owned 66,903,640 shares of the company's stock, valued at $3,010,663,800. This trade represents a 0.45% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 667,000 shares of company stock worth $29,949,340. Corporate insiders own 17.60% of the company's stock.

Hedge Funds Weigh In On Super Micro Computer

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in 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 purchasing an additional 55,845,073 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of 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 during the period. FMR LLC acquired a new position in shares of Super Micro Computer in the fourth quarter worth about $292,869,000. Invesco Ltd. increased its position in shares of Super Micro Computer by 929.5% in the fourth quarter. Invesco Ltd. now owns 7,542,742 shares of the company's stock worth $229,903,000 after acquiring an additional 6,810,082 shares in the last quarter. Finally, Northern Trust Corp raised its holdings 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 acquiring an additional 4,605,260 shares during the period. 84.06% of the stock is currently owned by institutional investors and hedge funds.

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.