Insider Selling: Super Micro Computer Director Sells 6,000 Shares of Stock (SMCI)
Super Micro Computer (NASDAQ:SMCI) Director Hwei-Ming Fred Tsai sold 6,000 shares of the stock on the open market in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $20.13, for a total transaction of $120,780.00. Following the completion of the sale, the director now directly owns 323,125 shares of the company’s stock, valued at approximately $6,504,506. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Super Micro Computer from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, January 27th. They now have a $23.50 price target on the stock. Separately, analysts at DA Davidson raised their price target on shares of Super Micro Computer from $18.50 to $27.00 in a research note to investors on Wednesday, January 22nd. They now have a “buy” rating on the stock. Finally, analysts at Needham & Company raised their price target on shares of Super Micro Computer from $16.00 to $23.00 in a research note to investors on Wednesday, January 22nd. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $21.88.
Super Micro Computer (NASDAQ:SMCI) traded down 0.30% during mid-day trading on Wednesday, hitting $20.15. The stock had a trading volume of 302,615 shares. Super Micro Computer has a 52 week low of $9.20 and a 52 week high of $23.54. The stock has a 50-day moving average of $18.4 and a 200-day moving average of $14.97. The company has a market cap of $864.7 million and a P/E ratio of 24.71.
Super Micro Computer (NASDAQ:SMCI) last issued its quarterly earnings data on Tuesday, January 21st. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.09. The company had revenue of $356.40 million for the quarter, compared to the consensus estimate of $333.50 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. The company’s revenue for the quarter was up 22.3% on a year-over-year basis. On average, analysts predict that Super Micro Computer will post $1.20 earnings per share for the current fiscal year.
Super Micro Computer, Inc develops and provides end-to-end green computing solutions for Enterprise IT, Datacenter, Cloud Computing, High Performance Computing (NASDAQ:SMCI), and Embedded Systems globally.
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