Super Micro Computer (NASDAQ:SMCI) Stock Price Down 6.2% - What's Next?

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) fell 6.2% during mid-day trading on Monday . The stock traded as low as $29.18 and last traded at $29.57. 12,445,763 shares changed hands during trading, a decline of 82% from the average session volume of 67,811,992 shares. The stock had previously closed at $31.51.

Analysts Set New Price Targets

Several research analysts recently weighed in on SMCI shares. Cfra raised Super Micro Computer from a "hold" rating to a "buy" rating and set a $48.00 target price for the company in a research note on Tuesday, February 11th. Northland Securities set a $70.00 price objective on shares of Super Micro Computer in a research report on Thursday, March 6th. Rosenblatt Securities began coverage on shares of Super Micro Computer in a report on Monday, March 10th. They issued a "buy" rating and a $60.00 target price on the stock. The Goldman Sachs Group cut shares of Super Micro Computer from a "neutral" rating to a "sell" rating and reduced their target price for the stock from $40.00 to $32.00 in a report on Monday, March 24th. Finally, Loop Capital reaffirmed a "buy" rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Three investment 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 stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $51.67.

Super Micro Computer Stock Performance

The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. The stock's 50-day simple moving average is $38.37 and its two-hundred day simple moving average is $36.21. The stock has a market cap of $21.64 billion, a price-to-earnings ratio of 18.31 and a beta of 1.22.

Insider Buying and Selling

In related news, Director Robert L. Blair sold 19,460 shares of Super Micro Computer stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $42.58, for a total transaction of $828,606.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP George Kao sold 71,720 shares of the business's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $50.48, for a total value of $3,620,425.60. Following the transaction, the senior vice president now owns 19,449 shares in the company, valued at $981,785.52. This represents a 78.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 137,473 shares of company stock valued at $6,771,552. Insiders own 17.60% of the company's stock.

Institutional Trading of Super Micro Computer

Several institutional investors have recently made changes to their positions in the business. World Investment Advisors LLC grew its stake in shares of Super Micro Computer by 13,210.5% in the 3rd quarter. World Investment Advisors LLC now owns 56,969 shares of the company's stock valued at $23,722,000 after purchasing an additional 56,541 shares during the period. Tidal Investments LLC grew its position in Super Micro Computer by 143.8% in the third quarter. Tidal Investments LLC now owns 50,355 shares of the company's stock valued at $20,968,000 after acquiring an additional 29,697 shares during the period. Synovus Financial Corp acquired a new position in Super Micro Computer during the third quarter worth $443,000. GAMMA Investing LLC boosted its stake in shares of 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 in the last quarter. Finally, Everence Capital Management Inc. grew its holdings in shares of Super Micro Computer by 1,366.0% in the 4th quarter. Everence Capital Management Inc. now owns 15,540 shares of the company's stock worth $474,000 after purchasing an additional 14,480 shares during the last quarter. 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.