Super Micro Computer (NASDAQ:SMCI) Shares Down 1.2% on Analyst Downgrade

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) fell 1.2% during trading on Friday after JPMorgan Chase & Co. lowered their price target on the stock from $45.00 to $39.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. Super Micro Computer traded as low as $30.44 and last traded at $31.50. 26,880,541 shares were traded during trading, a decline of 63% from the average session volume of 73,159,649 shares. The stock had previously closed at $31.89.

SMCI has been the subject of several other reports. Cfra upgraded Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a research note on Tuesday, February 11th. Barclays assumed coverage on shares of Super Micro Computer in a research report on Thursday, February 27th. They set an “equal weight” rating and a $59.00 target price for the company. Northland Securities set a $70.00 price target on shares of Super Micro Computer in a research report on Thursday, March 6th. Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. Finally, StockNews.com raised shares of Super Micro Computer to a “sell” rating in a research note on Friday, February 28th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $52.57.

Insider Buying and Selling at Super Micro Computer

In related news, Director Robert L. Blair sold 19,460 shares of Super Micro Computer stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $42.58, for a total value of $828,606.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP George Kao sold 71,720 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $50.48, for a total value of $3,620,425.60. Following the sale, the senior vice president now directly owns 19,449 shares in the company, valued at approximately $981,785.52. This represents a 78.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 137,473 shares of company stock valued at $6,771,552 in the last three months. Corporate insiders own 17.60% of the company’s stock.

Institutional Trading of Super Micro Computer

Hedge funds have recently made changes to their positions in the stock. Clear Creek Financial Management LLC acquired a new stake in Super Micro Computer in the fourth quarter worth $635,000. Nepsis Inc. acquired a new stake in shares of Super Micro Computer in the 4th quarter worth about $13,625,000. Fifth Third Bancorp lifted its position in Super Micro Computer by 1,476.6% in the 4th quarter. Fifth Third Bancorp now owns 12,266 shares of the company’s stock valued at $374,000 after purchasing an additional 11,488 shares during the last quarter. Oak Thistle LLC acquired a new position in Super Micro Computer during the 4th quarter valued at about $277,000. Finally, Diversify Advisory Services LLC acquired a new position in Super Micro Computer during the 4th quarter valued at about $5,113,000. Institutional investors own 84.06% of the company’s stock.

Super Micro Computer Trading Down 1.2 %

The firm’s 50-day simple moving average is $39.73 and its 200 day simple moving average is $36.54. The stock has a market cap of $18.69 billion, a P/E ratio of 15.81 and a beta of 1.22. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32.

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.