Super Micro Computer, Inc. (NASDAQ:SMCI) Director Robert L. Blair Sells 19,460 Shares

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) Director Robert L. Blair sold 19,460 shares of the business's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $42.58, for a total value of $828,606.80. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Super Micro Computer Trading Down 0.6 %

NASDAQ SMCI traded down $0.24 on Wednesday, hitting $38.90. 69,528,322 shares of the stock were exchanged, compared to its average volume of 79,048,000. The firm has a market capitalization of $23.09 billion, a P/E ratio of 19.53 and a beta of 1.30. Super Micro Computer, Inc. has a 52-week low of $17.25 and a 52-week high of $122.90. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. The stock has a fifty day moving average price of $36.89 and a two-hundred day moving average price of $38.97.

Analyst Ratings Changes

Several research firms have recently commented on SMCI. Barclays started coverage on Super Micro Computer in a report on Thursday, February 27th. They set an "equal weight" rating and a $59.00 target price for the company. The Goldman Sachs Group boosted their target price on shares of Super Micro Computer from $32.00 to $36.00 and gave the company a "neutral" rating in a research note on Monday, February 24th. Wedbush reaffirmed a "hold" rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Northland Capmk upgraded shares of Super Micro Computer to a "strong-buy" rating in a report on Friday, December 20th. Finally, Loop Capital restated a "buy" rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $61.87.

Institutional Investors Weigh In On Super Micro Computer

Large investors have recently bought and sold shares of the company. Emerald Mutual Fund Advisers Trust acquired a new position in Super Micro Computer in the 3rd quarter valued at $87,000. Miller Wealth Advisors LLC purchased a new position in Super Micro Computer during the 3rd quarter valued at about $152,000. Archer Investment Corp boosted its holdings in Super Micro Computer by 364.2% during the 3rd quarter. Archer Investment Corp now owns 571 shares of the company's stock valued at $238,000 after acquiring an additional 448 shares during the period. TrueWealth Advisors LLC boosted its holdings in Super Micro Computer by 99.0% during the 3rd quarter. TrueWealth Advisors LLC now owns 593 shares of the company's stock valued at $247,000 after acquiring an additional 295 shares during the period. Finally, Bell Bank purchased a new position in shares of Super Micro Computer in the 3rd quarter valued at about $259,000. Hedge funds and other institutional investors own 84.06% of the company's stock.

Super Micro Computer Company Profile

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.