Super Micro Computer (NASDAQ:SMCI) Trading Down 1.2% on Analyst Downgrade

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) shares traded down 1.2% during mid-day trading on Friday after JPMorgan Chase & Co. lowered their price target on the stock from $45.00 to $39.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. Super Micro Computer traded as low as $30.44 and last traded at $31.50. 26,880,541 shares traded hands during mid-day trading, a decline of 63% from the average session volume of 73,159,649 shares. The stock had previously closed at $31.89.

SMCI has been the subject of a number of other research reports. StockNews.com upgraded Super Micro Computer to a "sell" rating in a research report on Friday, February 28th. Cfra upgraded 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. Rosenblatt Securities initiated coverage on Super Micro Computer in a research note on Monday, March 10th. They issued a "buy" rating and a $60.00 price target on the stock. The Goldman Sachs Group lowered shares of Super Micro Computer from a "neutral" rating to a "sell" rating and reduced their price objective for the company from $40.00 to $32.00 in a research note on Monday, March 24th. Finally, Northland Capmk upgraded 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, ten have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Super Micro Computer currently has a consensus rating of "Hold" and a consensus target price of $52.57.

Insider Transactions at Super Micro Computer

In other news, CEO Charles Liang sold 46,293 shares of Super Micro Computer stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $50.17, for a total value of $2,322,519.81. Following the transaction, the chief executive officer now owns 67,403,640 shares of the company's stock, valued at $3,381,640,618.80. This trade represents a 0.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP George Kao sold 71,720 shares of the company's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $50.48, for a total transaction of $3,620,425.60. Following the sale, the senior vice president now directly owns 19,449 shares of the company's stock, valued at approximately $981,785.52. This represents a 78.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 137,473 shares of company stock worth $6,771,552 in the last 90 days. 17.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Super Micro Computer

A number of hedge funds have recently bought and sold shares of the company. Wahed Invest LLC boosted its stake in Super Micro Computer by 2.9% during the 4th quarter. Wahed Invest LLC now owns 12,362 shares of the company's stock valued at $377,000 after purchasing an additional 352 shares during the period. Shelton Capital Management boosted its position in shares of Super Micro Computer by 6.5% in the fourth quarter. Shelton Capital Management now owns 7,880 shares of the company's stock valued at $240,000 after acquiring an additional 480 shares during the period. AlphaQuest LLC grew its stake in shares of Super Micro Computer by 233.0% in the fourth quarter. AlphaQuest LLC now owns 1,089 shares of the company's stock worth $33,000 after acquiring an additional 762 shares during the last quarter. Griffith & Werner Inc. increased its position in Super Micro Computer by 3.6% during the first quarter. Griffith & Werner Inc. now owns 23,786 shares of the company's stock worth $814,000 after acquiring an additional 820 shares during the period. Finally, Blue Trust Inc. raised its stake in Super Micro Computer by 203.2% during the 4th quarter. Blue Trust Inc. now owns 1,231 shares of the company's stock valued at $38,000 after purchasing an additional 825 shares during the last quarter. 84.06% of the stock is currently owned by institutional investors.

Super Micro Computer Trading Up 3.6 %

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 capitalization of $18.15 billion, a P/E ratio of 15.35 and a beta of 1.22. The business's fifty day simple moving average is $39.53 and its two-hundred day simple moving average is $36.42.

Super Micro Computer Company Profile

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.