Super Micro Computer Director Sells $353,080 in Stock (SMCI)
Super Micro Computer (NASDAQ:SMCI) Director Hwei-Ming Fred Tsai sold 14,000 shares of the stock on the open market in a transaction dated Friday, August 22nd. The shares were sold at an average price of $25.22, for a total transaction of $353,080.00. Following the completion of the transaction, the director now directly owns 292,000 shares in the company, valued at approximately $7,364,240. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
SMCI has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Super Micro Computer from a “neutral” rating to an “outperform” rating in a research note on Wednesday, August 13th. They now have a $28.10 price target on the stock. Separately, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Super Micro Computer in a research note on Wednesday, August 6th. They now have a $32.00 price target on the stock, up previously from $30.00. Finally, analysts at Stifel Nicolaus raised their price target on shares of Super Micro Computer from $23.00 to $30.00 in a research note on Thursday, June 26th. They now have a “buy” rating on the stock.
Shares of Super Micro Computer (NASDAQ:SMCI) traded down 1.72% during mid-day trading on Friday, hitting $24.55. 417,346 shares of the company’s stock traded hands. Super Micro Computer has a 52-week low of $12.51 and a 52-week high of $27.28. The stock’s 50-day moving average is $25.36 and its 200-day moving average is $21.72. The company has a market cap of $1.105 billion and a price-to-earnings ratio of 21.46.
Super Micro Computer (NASDAQ:SMCI) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.40 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.39 by $0.01. The company had revenue of $428.07 million for the quarter, compared to the consensus estimate of $395.96 million. During the same quarter last year, the company posted $0.26 earnings per share. Super Micro Computer’s revenue was up 32.8% compared to the same quarter last year. On average, analysts predict that Super Micro Computer will post $1.74 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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