Super Micro Computer, Inc. (NASDAQ:SMCI) fell 6.1% on Thursday . The company traded as low as $18.60 and last traded at $18.60. 560,832 shares changed hands during trading, a decline of 3% from the average session volume of 579,590 shares. The stock had previously closed at $19.80.

A number of brokerages have weighed in on SMCI. Maxim Group lifted their target price on Super Micro Computer from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. BidaskClub raised Super Micro Computer from a “sell” rating to a “hold” rating in a research report on Thursday, December 14th. Zacks Investment Research raised Super Micro Computer from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 28th. Finally, Wells Fargo & Co started coverage on Super Micro Computer in a research report on Tuesday, November 14th. They issued a “market perform” rating and a $20.00 price target for the company. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $28.75.

The stock has a market cap of $905.69, a PE ratio of 14.07, a P/E/G ratio of 0.96 and a beta of -0.15. The company has a quick ratio of 1.15, a current ratio of 2.34 and a debt-to-equity ratio of 0.12.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Street Corp grew its stake in Super Micro Computer by 4.1% during the 2nd quarter. State Street Corp now owns 965,582 shares of the technology company’s stock worth $23,802,000 after buying an additional 38,013 shares during the last quarter. SG Americas Securities LLC purchased a new position in Super Micro Computer during the 3rd quarter worth $303,000. JPMorgan Chase & Co. grew its stake in Super Micro Computer by 271.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 209,705 shares of the technology company’s stock worth $4,592,000 after buying an additional 153,284 shares during the last quarter. Northern Trust Corp grew its stake in Super Micro Computer by 3.2% during the 2nd quarter. Northern Trust Corp now owns 497,363 shares of the technology company’s stock worth $12,260,000 after buying an additional 15,652 shares during the last quarter. Finally, Oppenheimer & Co. Inc. grew its stake in Super Micro Computer by 3.8% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 352,579 shares of the technology company’s stock worth $7,791,000 after buying an additional 12,858 shares during the last quarter. 79.55% of the stock is owned by hedge funds and other institutional investors.

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Super Micro Computer Company Profile

Super Micro Computer, Inc is engaged in developing and providing end-to-end green computing solutions to the cloud computing, data center, enterprise information technology (IT), big data, high performance computing (HPC) and Internet of Things (IoT)/embedded markets. The Company’s solutions range from server, storage, blade and workstations to full racks, networking devices, server management software and technology support and services.

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