Super Micro Computer (NASDAQ:SMCI) Stock Price Down 0.6% - Should You Sell?

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report)'s share price was down 0.6% during mid-day trading on Thursday . The stock traded as low as $32.79 and last traded at $33.66. Approximately 8,595,755 shares traded hands during trading, a decline of 72% from the average daily volume of 30,846,871 shares. The stock had previously closed at $33.86.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SMCI. Wedbush reissued a "neutral" rating and issued a $32.00 target price (down previously from $62.00) on shares of Super Micro Computer in a report on Monday, November 4th. Loop Capital raised their target price on Super Micro Computer from $35.00 to $40.00 and gave the stock a "buy" rating in a research report on Thursday. StockNews.com lowered shares of Super Micro Computer from a "hold" rating to a "sell" rating in a research note on Wednesday, October 9th. Barclays reduced their price objective on shares of Super Micro Computer from $438.00 to $42.00 and set an "equal weight" rating for the company in a research report on Wednesday, October 2nd. Finally, The Goldman Sachs Group dropped their target price on shares of Super Micro Computer from $67.50 to $28.00 and set a "neutral" rating on the stock in a research report on Wednesday, November 6th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Super Micro Computer currently has a consensus rating of "Hold" and an average target price of $62.89.

Super Micro Computer Price Performance

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 fifty day simple moving average of $33.83 and a two-hundred day simple moving average of $45.41. The company has a market cap of $18.61 billion, a PE ratio of 16.70 and a beta of 1.31.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Quarry LP grew its stake in shares of Super Micro Computer by 5,850.0% during the 2nd quarter. Quarry LP now owns 119 shares of the company's stock worth $98,000 after purchasing an additional 117 shares during the period. Emerald Mutual Fund Advisers Trust purchased a new position in Super Micro Computer in the third quarter valued at about $87,000. Daymark Wealth Partners LLC lifted its position in shares of Super Micro Computer by 50.5% during the 2nd quarter. Daymark Wealth Partners LLC now owns 301 shares of the company's stock valued at $247,000 after acquiring an additional 101 shares during the period. Granite Bay Wealth Management LLC purchased a new stake in shares of Super Micro Computer during the 2nd quarter worth approximately $269,000. Finally, Anchor Investment Management LLC grew its holdings in shares of Super Micro Computer by 13.7% in the 2nd quarter. Anchor Investment Management LLC now owns 324 shares of the company's stock worth $265,000 after acquiring an additional 39 shares during the period. Institutional investors and hedge funds own 84.06% of the company's stock.

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.