Super Micro Computer (NASDAQ:SMCI) major shareholder Liang Chiu-Chu Sara Liu unloaded 60,000 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $14.44, for a total transaction of $866,400.00. Following the sale, the insider now directly owns 525,620 shares of the company’s stock, valued at approximately $7,589,953. The sale was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Separately, analysts at Stifel Nicolaus downgraded shares of Super Micro Computer from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, October 16th. They now have a $14.00 price target on the stock.
Shares of Super Micro Computer (NASDAQ:SMCI) traded down 1.16% on Friday, hitting $14.431. The stock had a trading volume of 12,995 shares. Super Micro Computer has a 1-year low of $7.88 and a 1-year high of $14.60. The stock has a 50-day moving average of $14.02 and a 200-day moving average of $12.26. The company has a market cap of $613.2 million and a P/E ratio of 22.96.
Super Micro Computer (NASDAQ:SMCI) last announced its earnings results on Tuesday, October 22nd. The company reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. The company had revenue of $309.00 million for the quarter, compared to the consensus estimate of $307.23 million. During the same quarter in the previous year, the company posted $0.07 earnings per share. The company’s revenue for the quarter was up 14.1% on a year-over-year basis. Analysts expect that Super Micro Computer will post $1.07 EPS 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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