Insider Selling: Super Micro Computer, Inc. (NASDAQ:SMCI) Director Sells 19,460 Shares of Stock

Super Micro Computer, Inc. (NASDAQ:SMCI) Director Robert L. Blair sold 19,460 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were 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 the SEC website.

Super Micro Computer Price Performance

Shares of NASDAQ:SMCI opened at $38.90 on Thursday. The company has a 50 day moving average of $36.89 and a 200 day moving average of $38.97. The stock has a market cap of $23.09 billion, a P/E ratio of 19.53 and a beta of 1.21. Super Micro Computer, Inc. has a 12 month low of $17.25 and a 12 month high of $122.90. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32.

Wall Street Analyst Weigh In

Several brokerages recently commented on SMCI. Wedbush reissued a “hold” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Northland Capmk raised shares of Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. Cfra raised shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a research note on Tuesday, February 11th. Loop Capital reaffirmed a “buy” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Finally, JPMorgan Chase & Co. raised their price target on shares of Super Micro Computer from $23.00 to $35.00 and gave the company an “underweight” rating in a research note on Wednesday, February 12th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Super Micro Computer has an average rating of “Hold” and an average price target of $61.87.

Hedge Funds Weigh In On Super Micro Computer

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Emerald Mutual Fund Advisers Trust purchased a new position in Super Micro Computer in the 3rd quarter worth approximately $87,000. Retirement Systems of Alabama lifted its holdings in shares of Super Micro Computer by 2.3% in the 3rd quarter. Retirement Systems of Alabama now owns 11,367 shares of the company’s stock worth $4,733,000 after acquiring an additional 258 shares during the last quarter. TrueWealth Advisors LLC lifted its holdings in shares of Super Micro Computer by 99.0% in the 3rd quarter. TrueWealth Advisors LLC now owns 593 shares of the company’s stock worth $247,000 after acquiring an additional 295 shares during the last quarter. Wahed Invest LLC lifted its holdings in shares of Super Micro Computer by 2.9% in the 4th quarter. Wahed Invest LLC now owns 12,362 shares of the company’s stock worth $377,000 after acquiring an additional 352 shares during the last quarter. Finally, Miller Wealth Advisors LLC bought a new stake in shares of Super Micro Computer in the 3rd quarter worth approximately $152,000. 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.