Super Micro Computer (NASDAQ:SMCI) Lowered to Sell Rating by The Goldman Sachs Group

The Goldman Sachs Group lowered shares of Super Micro Computer (NASDAQ:SMCI) from a neutral rating to a sell rating in a research note released on Monday morning, MarketBeat reports. They currently have $32.00 price target on the stock, down from their previous price target of $40.00.

Several other research firms have also recently commented on SMCI. Barclays started coverage on Super Micro Computer in a research report on Thursday, February 27th. They issued an “equal weight” rating and a $59.00 target price on the stock. Cfra upgraded shares of 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. Northland Securities set a $70.00 target price on Super Micro Computer in a report on Thursday, March 6th. Loop Capital reissued a “buy” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Finally, JPMorgan Chase & Co. raised Super Micro Computer from an “underweight” rating to a “neutral” rating and raised their target price for the company from $35.00 to $45.00 in a research note on Friday. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $53.00.

Super Micro Computer Trading Down 1.0 %

Shares of NASDAQ:SMCI opened at $41.72 on Monday. Super Micro Computer has a fifty-two week low of $17.25 and a fifty-two week high of $110.61. 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 company has a market cap of $24.76 billion, a PE ratio of 20.94 and a beta of 1.21. The company’s 50-day moving average price is $38.87 and its 200 day moving average price is $37.83.

Insider Activity

In other Super Micro Computer news, 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 transaction, the senior vice president now owns 19,449 shares in the company, valued at approximately $981,785.52. This represents a 78.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert L. Blair sold 19,460 shares of Super Micro Computer stock in a transaction on Friday, February 28th. The shares were sold at an average price of $42.58, for a total transaction of $828,606.80. The disclosure for this sale can be found here. Insiders sold 137,473 shares of company stock worth $6,771,552 over the last quarter. Corporate insiders own 17.60% of the company’s stock.

Hedge Funds Weigh In On Super Micro Computer

A number of hedge funds have recently modified their holdings of the stock. Wellington Management Group LLP boosted its position in Super Micro Computer by 461.9% during the fourth quarter. Wellington Management Group LLP now owns 37,133 shares of the company’s stock valued at $1,132,000 after purchasing an additional 30,525 shares during the last quarter. California State Teachers Retirement System lifted its holdings in shares of Super Micro Computer by 916.9% during the 4th quarter. California State Teachers Retirement System now owns 872,355 shares of the company’s stock valued at $26,589,000 after buying an additional 786,568 shares during the last quarter. 111 Capital bought a new stake in shares of Super Micro Computer in the 4th quarter valued at approximately $338,000. Wealth Enhancement Advisory Services LLC increased its holdings in Super Micro Computer by 515.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 21,535 shares of the company’s stock worth $656,000 after buying an additional 18,038 shares during the last quarter. Finally, Centaurus Financial Inc. bought a new position in Super Micro Computer during the fourth quarter valued at approximately $206,000. 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.