Insider Selling: Super Micro Computer, Inc. (NASDAQ:SMCI) CEO Sells $2,322,519.81 in Stock

Super Micro Computer, Inc. (NASDAQ:SMCI) CEO Charles Liang sold 46,293 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $50.17, for a total value of $2,322,519.81. Following the completion of the sale, the chief executive officer now owns 67,403,640 shares of the company’s stock, valued at $3,381,640,618.80. The trade was a 0.07 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Super Micro Computer Trading Down 4.3 %

SMCI opened at $41.09 on Monday. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. Super Micro Computer, Inc. has a 52 week low of $17.25 and a 52 week high of $122.90. The stock has a market cap of $24.38 billion, a PE ratio of 20.63 and a beta of 1.30. The business has a 50 day moving average of $36.63 and a 200-day moving average of $39.46.

Hedge Funds Weigh In On Super Micro Computer

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Super Micro Computer by 908.4% in the 4th quarter. Vanguard Group Inc. now owns 61,992,493 shares of the company’s stock worth $1,889,531,000 after buying an additional 55,845,073 shares during the period. Geode Capital Management LLC boosted its stake in Super Micro Computer by 914.7% during the fourth quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company’s stock worth $390,572,000 after acquiring an additional 11,580,677 shares in the last quarter. FMR LLC purchased a new stake in Super Micro Computer in the fourth quarter worth about $292,869,000. Invesco Ltd. increased its stake in shares of Super Micro Computer by 929.5% during the fourth 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 in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Super Micro Computer by 1,573.8% during the fourth 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 last quarter. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Analysts Set New Price Targets

SMCI has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their target price on shares of Super Micro Computer from $23.00 to $35.00 and gave the stock an “underweight” rating in a research note on Wednesday, February 12th. Barclays initiated coverage on shares of Super Micro Computer in a report on Thursday. They issued an “equal weight” rating and a $59.00 price target on the stock. Northland Securities reaffirmed an “outperform” rating and set a $57.00 price objective (up from $54.00) on shares of Super Micro Computer in a research note on Wednesday, February 12th. Cfra raised Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research note on Tuesday, February 11th. Finally, The Goldman Sachs Group boosted their price target on Super Micro Computer from $32.00 to $36.00 and gave the company a “neutral” rating in a report on Monday, February 24th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $61.87.

About Super Micro Computer

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.