Super Micro Computer (NASDAQ:SMCI) Shares Down 1% – What’s Next?

Super Micro Computer, Inc. (NASDAQ:SMCI) shares fell 1% during trading on Monday . The stock traded as low as $30.76 and last traded at $30.82. 24,271,941 shares changed hands during trading, a decline of 33% from the average session volume of 36,148,280 shares. The stock had previously closed at $31.12.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on SMCI shares. StockNews.com lowered shares of Super Micro Computer from a “hold” rating to a “sell” rating in a research note on Wednesday, October 9th. Wedbush reissued a “neutral” rating and set a $32.00 price target (down from $62.00) on shares of Super Micro Computer in a research report on Monday, November 4th. JPMorgan Chase & Co. lowered Super Micro Computer from a “neutral” rating to an “underweight” rating and lowered their price target for the stock from $50.00 to $23.00 in a research report on Wednesday, November 6th. Barclays cut their price objective on Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating for the company in a report on Wednesday, October 2nd. Finally, Loop Capital lowered their target price on shares of Super Micro Computer from $150.00 to $100.00 and set a “buy” rating on the stock in a report on Monday, September 23rd. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $66.89.

Super Micro Computer Trading Down 1.0 %

The firm has a market capitalization of $17.24 billion, a P/E ratio of 15.47 and a beta of 1.31. 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 firm has a 50 day moving average of $32.59 and a 200-day moving average of $46.69.

Institutional Trading of Super Micro Computer

Several large investors have recently modified their holdings of SMCI. Kathmere Capital Management LLC lifted its position in Super Micro Computer by 5.0% during the second quarter. Kathmere Capital Management LLC now owns 379 shares of the company’s stock worth $311,000 after purchasing an additional 18 shares during the period. Mount Yale Investment Advisors LLC increased its stake in Super Micro Computer by 7.0% in the second quarter. Mount Yale Investment Advisors LLC now owns 428 shares of the company’s stock valued at $351,000 after acquiring an additional 28 shares during the last quarter. Steel Grove Capital Advisors LLC raised its position in Super Micro Computer by 3.9% during the second quarter. Steel Grove Capital Advisors LLC now owns 790 shares of the company’s stock valued at $647,000 after purchasing an additional 30 shares in the last quarter. Resources Management Corp CT ADV lifted its stake in Super Micro Computer by 100.0% during the second quarter. Resources Management Corp CT ADV now owns 60 shares of the company’s stock worth $49,000 after purchasing an additional 30 shares during the last quarter. Finally, Harmony Asset Management LLC boosted its holdings in shares of Super Micro Computer by 0.6% in the 2nd quarter. Harmony Asset Management LLC now owns 6,187 shares of the company’s stock valued at $5,069,000 after purchasing an additional 39 shares in the last quarter. 84.06% of the stock is owned by institutional investors and hedge funds.

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.