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 Super Micro Computer stock in a transaction 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 transaction, the chief executive officer now directly owns 67,403,640 shares of the company’s stock, valued at approximately $3,381,640,618.80. The trade was a 0.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Super Micro Computer Price Performance

Shares of SMCI traded down $1.86 during trading hours on Friday, reaching $41.09. The stock had a trading volume of 95,779,830 shares, compared to its average volume of 77,844,500. The stock has a market capitalization of $24.06 billion, a PE ratio of 20.63 and a beta of 1.30. Super Micro Computer, Inc. has a 12 month low of $17.25 and a 12 month high of $122.90. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. The company’s 50-day moving average is $36.44 and its two-hundred day moving average is $39.67.

Wall Street Analyst Weigh In

SMCI has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their target price on Super Micro Computer from $23.00 to $35.00 and gave the stock an “underweight” rating in a report on Wednesday, February 12th. Wedbush reaffirmed a “hold” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Northland Capmk raised Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. The Goldman Sachs Group raised their price objective on Super Micro Computer from $32.00 to $36.00 and gave the stock a “neutral” rating in a research note on Monday. Finally, Barclays began coverage on shares of Super Micro Computer in a research note on Thursday. They issued an “equal weight” rating and a $59.00 price target on the stock. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $61.87.

Institutional Trading of Super Micro Computer

Hedge funds have recently made changes to their positions in the company. Emerald Mutual Fund Advisers Trust acquired a new stake in Super Micro Computer during the 3rd quarter worth approximately $87,000. Retirement Systems of Alabama lifted its holdings in shares of Super Micro Computer by 2.3% during the third quarter. Retirement Systems of Alabama now owns 11,367 shares of the company’s stock worth $4,733,000 after purchasing an additional 258 shares during the period. TrueWealth Advisors LLC grew its stake in shares of Super Micro Computer by 99.0% in the third quarter. TrueWealth Advisors LLC now owns 593 shares of the company’s stock worth $247,000 after purchasing an additional 295 shares during the last quarter. Wahed Invest LLC increased its holdings in Super Micro Computer by 2.9% in the fourth quarter. Wahed Invest LLC now owns 12,362 shares of the company’s stock valued at $377,000 after purchasing an additional 352 shares during the period. Finally, Miller Wealth Advisors LLC bought a new position in Super Micro Computer during the 3rd quarter worth $152,000. 84.06% of the stock is owned by institutional investors and hedge funds.

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.