Insider Selling: Super Micro Computer, Inc. (NASDAQ:SMCI) Director Sells 5,000 Shares of Stock

Super Micro Computer, Inc. (NASDAQ:SMCIGet Free Report) Director Sherman Tuan sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $873.98, for a total value of $4,369,900.00. Following the completion of the sale, the director now directly owns 22,113 shares in the company, valued at approximately $19,326,319.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Super Micro Computer Price Performance

SMCI traded up $168.86 on Monday, hitting $1,074.34. 20,098,546 shares of the company were exchanged, compared to its average volume of 11,948,658. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.19 and a current ratio of 2.43. The business’s fifty day moving average is $550.09 and its 200 day moving average is $369.33. Super Micro Computer, Inc. has a fifty-two week low of $87.25 and a fifty-two week high of $1,155.00. The firm has a market capitalization of $60.09 billion, a P/E ratio of 83.23, a price-to-earnings-growth ratio of 0.83 and a beta of 1.27.

Super Micro Computer (NASDAQ:SMCIGet Free Report) last issued its earnings results on Monday, January 29th. The company reported $5.59 earnings per share for the quarter, topping the consensus estimate of $4.94 by $0.65. The company had revenue of $3.66 billion for the quarter, compared to analyst estimates of $2.80 billion. Super Micro Computer had a net margin of 7.92% and a return on equity of 32.34%. The firm’s revenue for the quarter was up 103.0% compared to the same quarter last year. During the same period in the prior year, the business posted $3.09 earnings per share. As a group, sell-side analysts anticipate that Super Micro Computer, Inc. will post 19.66 EPS for the current year.

Institutional Trading of Super Micro Computer

Large investors have recently modified their holdings of the business. Hennessy Advisors Inc. grew its position in shares of Super Micro Computer by 28.1% in the third quarter. Hennessy Advisors Inc. now owns 280,300 shares of the company’s stock valued at $76,864,000 after purchasing an additional 61,500 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec acquired a new stake in Super Micro Computer during the third quarter worth approximately $55,943,000. Natixis Advisors L.P. boosted its position in Super Micro Computer by 31.4% during the third quarter. Natixis Advisors L.P. now owns 17,218 shares of the company’s stock worth $4,722,000 after acquiring an additional 4,118 shares during the last quarter. Mutual of America Capital Management LLC boosted its position in Super Micro Computer by 26.5% during the third quarter. Mutual of America Capital Management LLC now owns 54,182 shares of the company’s stock worth $14,858,000 after acquiring an additional 11,342 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in Super Micro Computer during the third quarter worth approximately $474,000. 72.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have commented on SMCI. Wedbush boosted their price target on shares of Super Micro Computer from $250.00 to $530.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 30th. Bank of America began coverage on shares of Super Micro Computer in a research note on Thursday, February 15th. They issued a “buy” rating and a $1,040.00 price objective for the company. Rosenblatt Securities upped their price objective on shares of Super Micro Computer from $700.00 to $1,300.00 and gave the company a “buy” rating in a research note on Tuesday, February 20th. The Goldman Sachs Group began coverage on shares of Super Micro Computer in a research note on Monday. They issued a “neutral” rating and a $941.00 price objective for the company. Finally, Barclays upped their price objective on shares of Super Micro Computer from $691.00 to $961.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Super Micro Computer has an average rating of “Moderate Buy” and an average price target of $712.09.

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About Super Micro Computer

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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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