Super Micro Computer (NASDAQ:SMCI) Stock Price Down 3.1% – What’s Next?

Super Micro Computer, Inc. (NASDAQ:SMCI)’s share price dropped 3.1% during trading on Monday . The company traded as low as $30.12 and last traded at $30.98. Approximately 13,656,836 shares changed hands during trading, a decline of 83% from the average daily volume of 82,244,891 shares. The stock had previously closed at $31.98.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on SMCI shares. Mizuho started coverage on Super Micro Computer in a research report on Tuesday, September 17th. They issued a “neutral” rating and a $45.00 target price for the company. StockNews.com downgraded shares of Super Micro Computer from a “hold” rating to a “sell” rating in a research note on Wednesday, October 9th. Barclays decreased their price target 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. Needham & Company LLC started coverage on Super Micro Computer in a research report on Wednesday, September 18th. They set a “buy” rating and a $60.00 price objective on the stock. Finally, Loop Capital decreased their target price on Super Micro Computer from $150.00 to $100.00 and set a “buy” rating for the company in a report on Monday, September 23rd. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $66.89.

Super Micro Computer Trading Down 2.2 %

The company has a market cap of $17.50 billion, a price-to-earnings ratio of 15.71 and a beta of 1.29. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. The business’s fifty day simple moving average is $33.91 and its two-hundred day simple moving average is $52.40.

Institutional Trading of Super Micro Computer

Several institutional investors and hedge funds have recently made changes to their positions in SMCI. Fielder Capital Group LLC increased its position in Super Micro Computer by 2.8% during the second quarter. Fielder Capital Group LLC now owns 580 shares of the company’s stock worth $475,000 after buying an additional 16 shares during the period. Kathmere Capital Management LLC increased its holdings in shares of Super Micro Computer by 5.0% in the 2nd quarter. Kathmere Capital Management LLC now owns 379 shares of the company’s stock valued at $311,000 after acquiring an additional 18 shares during the period. Oregon Public Employees Retirement Fund raised its position in Super Micro Computer by 0.4% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 4,322 shares of the company’s stock valued at $3,541,000 after purchasing an additional 19 shares during the last quarter. Farmers & Merchants Investments Inc. boosted its stake in Super Micro Computer by 400.0% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 30 shares of the company’s stock worth $25,000 after purchasing an additional 24 shares during the period. Finally, Hazlett Burt & Watson Inc. grew its position in Super Micro Computer by 141.2% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 41 shares of the company’s stock worth $34,000 after purchasing an additional 24 shares during the last quarter. 84.06% of the stock is owned by hedge funds and other institutional investors.

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.