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

Super Micro Computer, Inc. (NASDAQ:SMCI) shares gapped down before the market opened on Monday . The stock had previously closed at $42.15, but opened at $40.81. Super Micro Computer shares last traded at $41.39, with a volume of 14,455,115 shares traded.

Wall Street Analysts Forecast Growth

SMCI has been the topic of several recent research reports. Loop Capital reaffirmed a “buy” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Rosenblatt Securities initiated coverage on Super Micro Computer in a report on Monday, March 10th. They set a “buy” rating and a $60.00 target price on the stock. Cfra raised Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research note on Tuesday, February 11th. StockNews.com upgraded Super Micro Computer to a “sell” rating in a research report on Friday, February 28th. Finally, Barclays began coverage on Super Micro Computer in a research report on Thursday, February 27th. They set an “equal weight” rating and a $59.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Super Micro Computer has an average rating of “Hold” and an average price target of $53.00.

Super Micro Computer Trading Down 4.9 %

The stock has a market capitalization of $23.79 billion, a PE ratio of 20.12 and a beta of 1.21. The firm has a 50 day moving average price of $38.66 and a 200 day moving average price of $37.84. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32.

Insider Transactions at Super Micro Computer

In other news, Director Robert L. Blair sold 19,460 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $42.58, for a total value of $828,606.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Charles Liang sold 46,293 shares of the 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 sale, the chief executive officer now directly owns 67,403,640 shares of the company’s stock, valued at $3,381,640,618.80. The trade was a 0.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 137,473 shares of company stock valued at $6,771,552 over the last ninety days. 17.60% of the stock is currently owned by insiders.

Institutional Trading of Super Micro Computer

Institutional investors and hedge funds have recently modified their holdings of the business. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Super Micro Computer during the third quarter valued at $548,000. PNC Financial Services Group Inc. grew its holdings in Super Micro Computer by 34.1% during the third quarter. PNC Financial Services Group Inc. now owns 9,174 shares of the company’s stock valued at $3,820,000 after purchasing an additional 2,335 shares during the period. Advisors Asset Management Inc. grew its holdings in Super Micro Computer by 22.3% during the third quarter. Advisors Asset Management Inc. now owns 2,618 shares of the company’s stock valued at $1,090,000 after purchasing an additional 478 shares during the period. Meridian Wealth Management LLC bought a new position in Super Micro Computer during the third quarter valued at $270,000. Finally, Great Valley Advisor Group Inc. grew its holdings in Super Micro Computer by 21.0% during the third quarter. Great Valley Advisor Group Inc. now owns 13,371 shares of the company’s stock valued at $5,568,000 after purchasing an additional 2,317 shares during the period. 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.