Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) shares traded down 0.5% on Wednesday following insider selling activity. The stock traded as low as $38.23 and last traded at $38.96. 29,003,924 shares were traded during mid-day trading, a decline of 63% from the average session volume of 78,008,891 shares. The stock had previously closed at $39.14.
Specifically, Director Robert L. Blair sold 19,460 shares of the firm's stock in a transaction on Friday, February 28th. The stock was sold at an average price of $42.58, for a total transaction of $828,606.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP George Kao sold 71,720 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $50.48, for a total value of $3,620,425.60. Following the sale, the senior vice president now directly owns 19,449 shares in the company, valued at $981,785.52. This trade represents a 78.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In related news, CEO Charles Liang sold 46,293 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $50.17, for a total transaction of $2,322,519.81. Following the sale, the chief executive officer now directly owns 67,403,640 shares of the company's stock, valued at $3,381,640,618.80. This trade represents a 0.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on SMCI shares. Barclays started coverage on Super Micro Computer in a research report on Thursday, February 27th. They set an "equal weight" rating and a $59.00 price objective on the stock. Wedbush reaffirmed a "hold" rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Loop Capital reissued a "buy" rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. The Goldman Sachs Group raised their target price on Super Micro Computer from $32.00 to $36.00 and gave the stock a "neutral" rating in a research report on Monday, February 24th. Finally, JPMorgan Chase & Co. raised their target price on Super Micro Computer from $23.00 to $35.00 and gave the stock an "underweight" rating in a research report on Wednesday, February 12th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Super Micro Computer currently has a consensus rating of "Hold" and an average price target of $61.87.
Get Our Latest Analysis on SMCI
Super Micro Computer Trading Down 0.6 %
The stock has a 50-day moving average price of $36.89 and a two-hundred day moving average price of $38.97. The stock has a market capitalization of $23.09 billion, a PE ratio of 19.53 and a beta of 1.30. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77.
Institutional Trading of Super Micro Computer
Several institutional investors and hedge funds have recently added to or reduced their stakes in SMCI. Vanguard Group Inc. raised its stake in Super Micro Computer by 908.4% during the 4th quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company's stock valued at $1,889,531,000 after purchasing an additional 55,845,073 shares during the period. Geode Capital Management LLC raised its stake in Super Micro Computer by 914.7% during the 4th quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company's stock valued at $390,572,000 after purchasing an additional 11,580,677 shares during the period. FMR LLC bought a new stake in Super Micro Computer during the 4th quarter valued at approximately $292,869,000. Invesco Ltd. raised its stake in Super Micro Computer by 929.5% during the 4th quarter. Invesco Ltd. now owns 7,542,742 shares of the company's stock valued at $229,903,000 after purchasing an additional 6,810,082 shares during the period. Finally, Northern Trust Corp raised its stake in Super Micro Computer by 1,573.8% during the 4th quarter. Northern Trust Corp now owns 4,897,876 shares of the company's stock valued at $149,287,000 after purchasing an additional 4,605,260 shares during the period. 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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