Super Micro Computer (NASDAQ:SMCI) Trading Down 0.5% - Here's Why

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report)'s stock price traded down 0.5% during trading on Friday . The company traded as low as $35.30 and last traded at $35.62. 13,558,947 shares were traded during mid-day trading, a decline of 81% from the average session volume of 72,084,759 shares. The stock had previously closed at $35.81.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on SMCI shares. Barclays assumed coverage on shares of Super Micro Computer in a research report on Thursday, February 27th. They set an "equal weight" rating and a $59.00 price target for the company. StockNews.com upgraded Super Micro Computer to a "sell" rating in a research note on Friday, February 28th. Rosenblatt Securities began coverage on Super Micro Computer in a research note on Monday, March 10th. They set a "buy" rating and a $60.00 target price for the company. The Goldman Sachs Group lowered Super Micro Computer from a "neutral" rating to a "sell" rating and reduced their price target for the company from $40.00 to $32.00 in a research report on Monday, March 24th. Finally, JPMorgan Chase & Co. cut their target price on shares of Super Micro Computer from $45.00 to $39.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $51.67.

Super Micro Computer Price Performance

The firm has a market cap of $21.37 billion, a PE ratio of 18.07 and a beta of 1.22. 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 company has a 50 day moving average price of $37.91 and a 200 day moving average price of $35.99.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Super Micro Computer

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Clear Creek Financial Management LLC acquired a new position in shares of Super Micro Computer in the fourth quarter worth $635,000. Nepsis Inc. purchased a new position in shares of Super Micro Computer during the fourth quarter valued at approximately $13,625,000. Fifth Third Bancorp boosted its position in Super Micro Computer by 1,476.6% during the fourth quarter. Fifth Third Bancorp now owns 12,266 shares of the company's stock worth $374,000 after acquiring an additional 11,488 shares during the last quarter. Oak Thistle LLC purchased a new stake in Super Micro Computer in the 4th quarter worth approximately $277,000. Finally, Diversify Advisory Services LLC acquired a new position in Super Micro Computer in the 4th quarter valued at $5,113,000. Hedge funds and other institutional investors 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.