Insider Selling: Howard Hideshima Sells 10,000 Shares of Super Micro Computer Stock (SMCI)
Super Micro Computer (NASDAQ:SMCI) CFO Howard Hideshima unloaded 10,000 shares of Super Micro Computer stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $24.50, for a total value of $245,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Super Micro Computer (NASDAQ:SMCI) traded down 4.85% during mid-day trading on Wednesday, hitting $25.69. The stock had a trading volume of 590,683 shares. Super Micro Computer has a 52 week low of $12.65 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 $21.93. The company has a market cap of $1.156 billion and a price-to-earnings ratio of 23.20.
Super Micro Computer (NASDAQ:SMCI) last announced its earnings results on Tuesday, August 5th. The company reported $0.40 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.26 earnings per share. The company’s quarterly revenue was up 32.8% on a year-over-year basis. On average, analysts predict that Super Micro Computer will post $1.74 earnings per share for the current fiscal year.
A number of research firms have recently commented on SMCI. 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.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.