Super Micro Computer (NASDAQ:SMCI) Shares Down 5.5% on Analyst Downgrade

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report)'s stock price fell 5.5% during mid-day trading on Wednesday after JPMorgan Chase & Co. lowered their price target on the stock from $36.00 to $35.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. Super Micro Computer traded as low as $30.60 and last traded at $31.13. 20,784,648 shares were traded during trading, a decline of 71% from the average session volume of 71,483,048 shares. The stock had previously closed at $32.94.

Other equities research analysts have also issued reports about the company. Northland Securities set a $70.00 price objective on Super Micro Computer in a research report on Thursday, March 6th. Rosenblatt Securities decreased their target price on shares of Super Micro Computer from $55.00 to $50.00 and set a "buy" rating for the company in a research report on Wednesday. Loop Capital reiterated a "buy" rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Cfra raised Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 price target for the company in a research report on Tuesday, February 11th. Finally, Mizuho set a $34.00 target price on Super Micro Computer in a research report on Tuesday. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Super Micro Computer currently has a consensus rating of "Hold" and an average target price of $46.93.

Insider Activity

In related news, CEO Charles Liang sold 46,293 shares of the firm's 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 completion of 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert L. Blair sold 19,460 shares of the company's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $42.58, for a total value of $828,606.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 137,473 shares of company stock worth $6,771,552. 17.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Super Micro Computer

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Synovus Financial Corp acquired a new position in shares of Super Micro Computer in the 3rd quarter worth approximately $443,000. GAMMA Investing LLC raised its position in Super Micro Computer by 1,160.6% in the 4th quarter. GAMMA Investing LLC now owns 6,341 shares of the company's stock valued at $193,000 after purchasing an additional 5,838 shares during the last quarter. Rise Advisors LLC grew its holdings in shares of Super Micro Computer by 909.5% during the fourth quarter. Rise Advisors LLC now owns 1,696 shares of the company's stock worth $52,000 after purchasing an additional 1,528 shares during the last quarter. Czech National Bank raised its holdings in shares of Super Micro Computer by 963.7% in the fourth quarter. Czech National Bank now owns 109,175 shares of the company's stock valued at $3,328,000 after buying an additional 98,911 shares during the last quarter. Finally, Brookstone Capital Management lifted its position in Super Micro Computer by 930.2% during the 4th quarter. Brookstone Capital Management now owns 6,995 shares of the company's stock worth $213,000 after buying an additional 6,316 shares in the last quarter. 84.06% of the stock is currently owned by institutional investors and hedge funds.

Super Micro Computer Trading Down 4.9 %

The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. The stock has a market cap of $18.69 billion, a P/E ratio of 15.65 and a beta of 1.36. The business's fifty day simple moving average is $35.76 and its 200 day simple moving average is $35.46.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.30 by $0.01. Super Micro Computer had a net margin of 8.09% and a return on equity of 30.57%. The business had revenue of $4.60 billion for the quarter, compared to analysts' expectations of $5.40 billion. During the same period in the prior year, the firm earned $0.66 earnings per share. Super Micro Computer's revenue was up 19.5% compared to the same quarter last year. As a group, analysts expect that Super Micro Computer, Inc. will post 1.86 EPS for the current year.

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.

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