Super Micro Computer (NASDAQ:SMCI) Trading Down 5.9% – What’s Next?

Super Micro Computer, Inc. (NASDAQ:SMCI) shares were down 5.9% during trading on Monday . The stock traded as low as $29.01 and last traded at $30.67. Approximately 19,555,264 shares were traded during mid-day trading, a decline of 38% from the average daily volume of 31,789,586 shares. The stock had previously closed at $32.60.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on SMCI shares. Needham & Company LLC started 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 objective on the stock. Mizuho started coverage on shares of Super Micro Computer in a research report on Tuesday, September 17th. They issued a “neutral” rating and a $45.00 price objective on the stock. StockNews.com cut shares of Super Micro Computer from a “hold” rating to a “sell” rating in a research report on Wednesday, October 9th. Barclays cut 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 report on Wednesday, October 2nd. Finally, Argus cut shares of Super Micro Computer from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. 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 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 Up 2.8 %

The company has a market capitalization of $17.56 billion, a price-to-earnings ratio of 15.76 and a beta of 1.31. The firm’s 50 day moving average price is $32.18 and its two-hundred day moving average price is $47.77. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. State Street Corp increased its stake in shares of Super Micro Computer by 4.3% during the 3rd quarter. State Street Corp now owns 2,138,142 shares of the company’s stock worth $890,322,000 after purchasing an additional 88,692 shares during the last quarter. Geode Capital Management LLC grew its stake in Super Micro Computer by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,266,040 shares of the company’s stock valued at $529,753,000 after buying an additional 16,007 shares during the last quarter. Disciplined Growth Investors Inc. MN grew its stake in Super Micro Computer by 3.1% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 1,043,469 shares of the company’s stock valued at $434,500,000 after buying an additional 31,064 shares during the last quarter. International Assets Investment Management LLC grew its stake in Super Micro Computer by 63,634.1% in the 3rd quarter. International Assets Investment Management LLC now owns 916,496 shares of the company’s stock valued at $381,629,000 after buying an additional 915,058 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Super Micro Computer by 0.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 345,830 shares of the company’s stock valued at $283,609,000 after buying an additional 2,011 shares during the last quarter. 84.06% of the stock is currently 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.