Insider Selling: Super Micro Computer, Inc. (NASDAQ:SMCI) CEO Sells 46,293 Shares of Stock

Super Micro Computer, Inc. (NASDAQ:SMCI) CEO Charles Liang sold 46,293 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The stock was 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 directly owns 67,403,640 shares in the company, valued at approximately $3,381,640,618.80. This trade represents 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 Stock Down 4.3 %

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

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on SMCI shares. Northland Capmk upgraded Super Micro Computer to a “strong-buy” rating in a research note on Friday, December 20th. Wedbush reissued a “hold” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. JPMorgan Chase & Co. upped their price objective on shares of Super Micro Computer from $23.00 to $35.00 and gave the stock an “underweight” rating in a report on Wednesday, February 12th. Barclays assumed coverage on shares of Super Micro Computer in a research report on Thursday. They set an “equal weight” rating and a $59.00 price target on the stock. Finally, The Goldman Sachs Group upped their target price on Super Micro Computer from $32.00 to $36.00 and gave the stock a “neutral” rating in a research report on Monday. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $61.87.

Institutional Trading of Super Micro Computer

Several large investors have recently added to or reduced their stakes in SMCI. Arkadios Wealth Advisors acquired a new position in Super Micro Computer during the third quarter valued at approximately $289,000. Wealth Enhancement Advisory Services LLC grew its position in shares of Super Micro Computer by 45.7% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 3,497 shares of the company’s stock valued at $1,456,000 after purchasing an additional 1,097 shares during the last quarter. State of Alaska Department of Revenue lifted its position in shares of Super Micro Computer by 7.2% during the 3rd quarter. State of Alaska Department of Revenue now owns 5,873 shares of the company’s stock worth $2,445,000 after purchasing an additional 395 shares during the last quarter. J.W. Cole Advisors Inc. grew its holdings in Super Micro Computer by 82.0% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 968 shares of the company’s stock valued at $403,000 after buying an additional 436 shares during the last quarter. Finally, abrdn plc lifted its holdings in shares of Super Micro Computer by 337.6% during the third quarter. abrdn plc now owns 18,865 shares of the company’s stock worth $7,880,000 after buying an additional 14,554 shares during the last quarter. 84.06% of the stock is owned by institutional investors.

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.