Super Micro Computer Inc. (NASDAQ:SMCI) was down 2% on Wednesday . The stock traded as low as $20.61 and last traded at $20.64, with a volume of 196,894 shares. The stock had previously closed at $21.07.

Several equities research analysts have recently weighed in on SMCI shares. Sterne Agee CRT reissued a “buy” rating and issued a $35.00 target price (down previously from $38.00) on shares of Super Micro Computer in a research report on Friday, April 15th. Roth Capital reaffirmed a “buy” rating and set a $40.00 price objective on shares of Super Micro Computer in a research report on Sunday, April 17th. Maxim Group lowered their price objective on shares of Super Micro Computer from $52.00 to $47.00 and set a “buy” rating for the company in a research report on Monday, April 18th. Stifel Nicolaus reaffirmed a “buy” rating and set a $40.00 price objective on shares of Super Micro Computer in a research report on Monday, April 18th. Finally, Zacks Investment Research downgraded shares of Super Micro Computer from a “hold” rating to a “sell” rating in a research report on Saturday, April 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $33.88.

The company has a 50-day moving average of $23.81 and a 200-day moving average of $28.05. The stock has a market capitalization of $994.03 million and a PE ratio of 11.32.

In other Super Micro Computer news, CFO Howard Hideshima sold 20,312 shares of the stock in a transaction on Tuesday, May 31st. The shares were sold at an average price of $26.20, for a total value of $532,174.40. Following the completion of the sale, the chief financial officer now directly owns 20,312 shares of the company’s stock, valued at approximately $532,174.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Cheng-Hsien Phidias Chou sold 2,000 shares of the stock in a transaction on Tuesday, May 10th. The shares were sold at an average price of $26.97, for a total transaction of $53,940.00. Following the completion of the sale, the vice president now directly owns 2,000 shares of the company’s stock, valued at $53,940. The disclosure for this sale can be found here.

A number of hedge funds recently modified their holdings of SMCI. Wells Fargo & Company MN increased its stake in shares of Super Micro Computer by 206.5% in the fourth quarter. Wells Fargo & Company MN now owns 554,513 shares of the company’s stock worth $13,591,000 after buying an additional 373,566 shares during the period. State of Wisconsin Investment Board increased its stake in shares of Super Micro Computer by 11.4% in the fourth quarter. State of Wisconsin Investment Board now owns 195,000 shares of the company’s stock worth $4,779,000 after buying an additional 20,000 shares during the period. First Washington CORP increased its stake in shares of Super Micro Computer by 11.8% in the fourth quarter. First Washington CORP now owns 139,040 shares of the company’s stock worth $3,408,000 after buying an additional 14,640 shares during the period. New York State Common Retirement Fund increased its stake in shares of Super Micro Computer by 37.0% in the fourth quarter. New York State Common Retirement Fund now owns 118,042 shares of the company’s stock worth $2,893,000 after buying an additional 31,856 shares during the period. Finally, Comerica Bank increased its stake in shares of Super Micro Computer by 7.4% in the fourth quarter. Comerica Bank now owns 74,154 shares of the company’s stock worth $1,628,000 after buying an additional 5,115 shares during the period.

Super Micro Computer, Inc offers server technology. The Company develops and provides end-to-end green computing solutions to the data center, cloud computing, enterprise information technology information technology (IT), big data, high performance computing (HPC) and 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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