Super Micro Computer (NASDAQ:SMCI) Shares Down 5.1% - Time to Sell?

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report)'s stock price fell 5.1% during mid-day trading on Tuesday . The stock traded as low as $46.91 and last traded at $46.50. 14,024,385 shares were traded during trading, a decline of 80% from the average session volume of 69,311,281 shares. The stock had previously closed at $49.01.

Wall Street Analyst Weigh In

SMCI has been the topic of a number of recent analyst reports. Mizuho increased their price objective on Super Micro Computer from $40.00 to $47.00 and gave the company a "neutral" rating in a report on Thursday. The Goldman Sachs Group lowered shares of Super Micro Computer from a "neutral" rating to a "sell" rating and dropped their price target for the company from $40.00 to $32.00 in a research note on Monday, March 24th. Needham & Company LLC restated a "buy" rating and issued a $39.00 target price on shares of Super Micro Computer in a report on Wednesday, May 7th. Citigroup started coverage on shares of Super Micro Computer in a research report on Tuesday, May 6th. They issued a "neutral" rating and a $39.00 target price on the stock. Finally, Wall Street Zen raised shares of Super Micro Computer to a "sell" rating in a research report on Thursday, May 8th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $46.06.

Super Micro Computer Price Performance

The stock has a fifty day moving average of $41.18 and a two-hundred day moving average of $37.88. The stock has a market cap of $28.95 billion, a price-to-earnings ratio of 25.52 and a beta of 1.43. The company has a quick ratio of 3.95, a current ratio of 6.66 and a debt-to-equity ratio of 0.38.

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

Insider Activity at Super Micro Computer

In other Super Micro Computer news, Director Liang Chiu-Chu Sara Liu sold 300,000 shares of the firm's stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $45.00, for a total transaction of $13,500,000.00. Following the completion of the transaction, the director owned 66,903,640 shares of the company's stock, valued at approximately $3,010,663,800. This trade represents a 0.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Charles Liang 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 chief executive officer directly owned 66,903,640 shares in the company, valued at approximately $3,010,663,800. The trade was a 0.45% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 667,000 shares of company stock valued at $29,949,340. 17.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Eastern Bank purchased a new stake in shares of Super Micro Computer in the first quarter valued at $29,000. Larson Financial Group LLC boosted its stake in Super Micro Computer by 902.0% in the 4th quarter. Larson Financial Group LLC now owns 992 shares of the company's stock worth $30,000 after buying an additional 893 shares during the last quarter. Central Pacific Bank Trust Division purchased a new stake in Super Micro Computer in the 1st quarter valued at about $34,000. Beaird Harris Wealth Management LLC acquired a new position in shares of Super Micro Computer during the 1st quarter valued at about $34,000. Finally, Garde Capital Inc. lifted its holdings in shares of Super Micro Computer by 42.1% during the 2nd quarter. Garde Capital Inc. now owns 1,013 shares of the company's stock worth $50,000 after acquiring an additional 300 shares during the period. 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.