Super Micro Computer (NASDAQ:SMCI) Stock Price Down 0.7% - What's Next?

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) dropped 0.7% on Wednesday . The company traded as low as $29.95 and last traded at $30.48. Approximately 26,425,096 shares traded hands during mid-day trading, a decline of 68% from the average daily volume of 82,106,219 shares. The stock had previously closed at $30.68.

Analyst Ratings Changes

SMCI has been the topic of several research reports. StockNews.com lowered Super Micro Computer from a "hold" rating to a "sell" rating in a research report on Wednesday, October 9th. Needham & Company LLC initiated coverage on shares of Super Micro Computer in a research report on Wednesday, September 18th. They issued a "buy" rating and a $60.00 price target on the stock. Wedbush reaffirmed a "neutral" rating and issued a $32.00 price target (down from $62.00) on shares of Super Micro Computer in a report on Monday, November 4th. Barclays dropped their price objective on shares of Super Micro Computer from $438.00 to $42.00 and set an "equal weight" rating on the stock in a research note on Wednesday, October 2nd. Finally, Northland Capmk raised shares of Super Micro Computer to a "strong-buy" rating in a report on Friday, December 20th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Super Micro Computer currently has an average rating of "Hold" and an average price target of $66.89.

Super Micro Computer Stock Performance

The stock has a market cap of $17.05 billion, a price-to-earnings ratio of 15.30 and a beta of 1.29. The company's 50 day simple moving average is $33.25 and its 200 day simple moving average is $51.67. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77.

Institutional Investors Weigh In On Super Micro Computer

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SMCI. Retirement Systems of Alabama raised its stake in shares of Super Micro Computer by 2.3% in the 3rd quarter. Retirement Systems of Alabama now owns 11,367 shares of the company's stock worth $4,733,000 after buying an additional 258 shares in the last quarter. Synovus Financial Corp acquired a new position in Super Micro Computer during the third quarter worth about $443,000. Tidal Investments LLC raised 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 worth $20,968,000 after acquiring an additional 29,697 shares in the last quarter. World Investment Advisors LLC lifted its holdings in 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 acquiring an additional 56,541 shares during the last quarter. Finally, Sanctuary Advisors LLC boosted its position in shares of Super Micro Computer by 254.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 30,634 shares of the company's stock valued at $12,756,000 after purchasing an additional 21,997 shares in the last quarter. 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.