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Super Micro Computer (NASDAQ:SMCI) Director Hwei-Ming Fred Tsai unloaded 3,125 shares of Super Micro Computer stock on the open market in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $20.79, for a total transaction of $64,968.75. Following the transaction, the director now directly owns 320,000 shares in the company, valued at approximately $6,652,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $21.88.

Super Micro Computer (NASDAQ:SMCI) traded up 0.96% during mid-day trading on Friday, hitting $20.95. The stock had a trading volume of 317,857 shares. Super Micro Computer has a one year low of $9.20 and a one year high of $23.54. The stock has a 50-day moving average of $18.54 and a 200-day moving average of $15.0. The company has a market cap of $899.1 million and a P/E ratio of 25.37.

Super Micro Computer (NASDAQ:SMCI) last posted its quarterly earnings results on Tuesday, January 21st. The company reported $0.35 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.18 earnings per share. The company’s quarterly revenue 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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