Super Micro Computer, Inc. (NASDAQ:SMCI) Director Sells $13,500,000.00 in Stock

Super Micro Computer, Inc. (NASDAQ:SMCIGet Free Report) Director Liang Chiu-Chu Sara Liu sold 300,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $45.00, for a total value of $13,500,000.00. Following the sale, the director now owns 66,903,640 shares in the company, valued at approximately $3,010,663,800. This trade represents a 0.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Super Micro Computer Stock Up 1.9%

Shares of NASDAQ:SMCI opened at $45.32 on Friday. Super Micro Computer, Inc. has a 52-week low of $17.25 and a 52-week high of $96.33. The stock has a market cap of $27.05 billion, a P/E ratio of 23.84 and a beta of 1.40. The business’s 50 day moving average is $38.58 and its 200 day moving average is $37.42. The company has a quick ratio of 3.95, a current ratio of 6.66 and a debt-to-equity ratio of 0.38.

Super Micro Computer (NASDAQ:SMCIGet Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.01. The business had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $5.40 billion. Super Micro Computer had a return on equity of 20.41% and a net margin of 5.61%. The business’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.66 EPS. Sell-side analysts predict that Super Micro Computer, Inc. will post 1.86 EPS for the current year.

Analysts Set New Price Targets

SMCI has been the topic of a number of analyst reports. Rosenblatt Securities cut their target price on Super Micro Computer from $55.00 to $50.00 and set a “buy” rating on the stock in a research note on Wednesday, May 7th. Citigroup initiated coverage on Super Micro Computer in a research note on Tuesday, May 6th. They set a “neutral” rating and a $39.00 target price on the stock. Wedbush reaffirmed a “neutral” rating and set a $30.00 target price (down previously from $40.00) on shares of Super Micro Computer in a research note on Wednesday, May 7th. The Goldman Sachs Group cut Super Micro Computer from a “neutral” rating to a “sell” rating and cut their target price for the company from $40.00 to $32.00 in a research note on Monday, March 24th. Finally, Northland Securities set a $59.00 target price on Super Micro Computer in a research note on Wednesday, May 7th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $45.63.

Get Our Latest Research Report on Super Micro Computer

Institutional Trading of Super Micro Computer

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Inspire Investing LLC boosted its position in Super Micro Computer by 19.0% during the 1st quarter. Inspire Investing LLC now owns 74,395 shares of the company’s stock valued at $2,547,000 after acquiring an additional 11,864 shares in the last quarter. Strs Ohio bought a new stake in Super Micro Computer during the 1st quarter valued at $3,424,000. Geneos Wealth Management Inc. boosted its position in Super Micro Computer by 15.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 7,917 shares of the company’s stock valued at $271,000 after acquiring an additional 1,045 shares in the last quarter. Integrity Alliance LLC. bought a new stake in Super Micro Computer during the 1st quarter valued at $753,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Super Micro Computer by 2.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,892,772 shares of the company’s stock valued at $99,049,000 after acquiring an additional 76,776 shares in the last quarter. Institutional investors own 84.06% of the company’s stock.

Super Micro Computer Company Profile

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Super Micro Computer, Inc, together with its subsidiaries, develops and manufactures high performance server and storage solutions based on modular and open architecture in the United States, Europe, Asia, and internationally. Its solutions range from complete server, storage systems, modular blade servers, blades, workstations, full racks, networking devices, server sub-systems, server management software, and security software.

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