Super Micro Computer (NASDAQ:SMCI) Stock Price Down 1% – Here’s Why

Super Micro Computer, Inc. (NASDAQ:SMCI) fell 1% during mid-day trading on Monday . The stock traded as low as $30.76 and last traded at $30.82. 24,271,941 shares were traded 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 Analysts Forecast Growth

Several research analysts have recently commented on the company. StockNews.com downgraded Super Micro Computer from a “hold” rating to a “sell” rating in a report on Wednesday, October 9th. Wedbush reaffirmed a “neutral” rating and issued a $32.00 price target (down from $62.00) on shares of Super Micro Computer in a research note on Monday, November 4th. Barclays dropped their price objective on Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. lowered shares of Super Micro Computer from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $50.00 to $23.00 in a report on Wednesday, November 6th. Finally, Northland Capmk raised shares of Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have given a buy rating and one has issued 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 price target of $66.89.

Super Micro Computer Trading Up 5.3 %

The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. The stock’s 50 day moving average is $32.74 and its 200-day moving average is $46.31. The company has a market capitalization of $18.15 billion, a P/E ratio of 16.29 and a beta of 1.31.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in SMCI. Salem Investment Counselors Inc. purchased a new stake in Super Micro Computer in the fourth quarter worth $30,000. Trust Co. of Vermont grew its position in shares of Super Micro Computer by 900.0% in the 4th quarter. Trust Co. of Vermont now owns 1,000 shares of the company’s stock worth $30,000 after buying an additional 900 shares during the period. Toth Financial Advisory Corp purchased a new stake in shares of Super Micro Computer in the 4th quarter worth about $31,000. Kieckhefer Group LLC purchased a new position in Super Micro Computer during the 4th quarter valued at about $43,000. Finally, Clean Yield Group bought a new stake in Super Micro Computer during the fourth quarter worth about $46,000. Hedge funds and other institutional investors own 84.06% of the company’s stock.

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.