Super Micro Computer CEO Charles Liang Unloads 30,000 Shares (SMCI)
Super Micro Computer (NASDAQ:SMCI) CEO Charles Liang sold 30,000 shares of the stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $19.02, for a total transaction of $570,600.00. Following the completion of the sale, the chief executive officer now directly owns 7,309,561 shares of the company’s stock, valued at approximately $139,027,850. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Super Micro Computer (NASDAQ:SMCI) traded down 0.60% during mid-day trading on Tuesday, hitting $20.60. 390,062 shares of the company’s stock traded hands. Super Micro Computer has a 52-week low of $9.50 and a 52-week high of $23.54. The stock has a 50-day moving average of $18.60 and a 200-day moving average of $18.17. The company has a market cap of $925.6 million and a P/E ratio of 20.46.
Super Micro Computer (NASDAQ:SMCI) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.10. The company had revenue of $373.80 million for the quarter, compared to the consensus estimate of $335.19 million. During the same quarter in the previous year, the company posted $0.23 earnings per share. The company’s revenue for the quarter was up 34.5% on a year-over-year basis. On average, analysts predict that Super Micro Computer will post $1.32 earnings per share for the current fiscal year.
SMCI has been the subject of a number of recent research reports. Analysts at Stifel Nicolaus upgraded shares of Super Micro Computer from a “hold” rating to a “buy” rating in a research note on Friday. They now have a $23.00 price target on the stock. Separately, analysts at Zacks upgraded shares of Super Micro Computer from a “neutral” rating to an “outperform” rating in a research note on Monday, April 28th. They now have a $22.00 price target on the stock. Finally, analysts at Needham & Company LLC raised their price target on shares of Super Micro Computer from $23.00 to $26.00 in a research note on Wednesday, April 23rd. They now have a “buy” rating on the stock. Five research analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and a consensus target price of $24.50.
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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