Super Micro Computer, Inc. (NASDAQ:SMCI) SVP Sells $3,620,425.60 in Stock

Super Micro Computer, Inc. (NASDAQ:SMCI) SVP George Kao sold 71,720 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $50.48, for a total transaction of $3,620,425.60. Following the sale, the senior vice president now owns 19,449 shares of the company’s stock, valued at $981,785.52. This represents a 78.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Super Micro Computer Trading Down 4.3 %

Super Micro Computer stock traded down $1.86 during trading on Friday, hitting $41.09. The company’s stock had a trading volume of 95,779,830 shares, compared to its average volume of 77,844,500. The stock’s fifty day moving average is $36.44 and its 200 day moving average is $39.67. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. Super Micro Computer, Inc. has a 1-year low of $17.25 and a 1-year high of $122.90. The stock has a market capitalization of $24.06 billion, a price-to-earnings ratio of 20.63 and a beta of 1.30.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SMCI. Barclays assumed coverage on Super Micro Computer in a research report on Thursday. They set an “equal weight” rating and a $59.00 target price on the stock. Argus cut shares of Super Micro Computer from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. StockNews.com raised shares of Super Micro Computer to a “sell” rating in a report on Friday. Finally, Loop Capital reaffirmed a “buy” rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. 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 issued a strong buy rating to the company. Based on data from MarketBeat, Super Micro Computer presently 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 large investors have recently bought and sold shares of SMCI. Vanguard Group Inc. raised 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 raised its holdings in shares of Super Micro Computer by 914.7% in the 4th quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company’s stock worth $390,572,000 after purchasing an additional 11,580,677 shares during the period. FMR LLC purchased a new position in shares of Super Micro Computer in the 4th quarter worth about $292,869,000. Invesco Ltd. lifted its stake in shares of Super Micro Computer by 929.5% in 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 in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of 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 worth $149,287,000 after purchasing an additional 4,605,260 shares during the period. Hedge funds and other institutional investors own 84.06% of the company’s stock.

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.