Super Micro Computer (NASDAQ:SMCI) Stock Price Down 0.2% After Insider Selling

Super Micro Computer, Inc. (NASDAQ:SMCI)’s share price fell 0.2% during mid-day trading on Friday following insider selling activity. The company traded as low as $38.88 and last traded at $42.85. 45,633,754 shares were traded during trading, a decline of 40% from the average session volume of 76,339,742 shares. The stock had previously closed at $42.95.

Specifically, SVP George Kao sold 71,720 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $50.48, for a total value of $3,620,425.60. Following the completion of the transaction, the senior vice president now owns 19,449 shares of the company’s stock, valued at approximately $981,785.52. This represents a 78.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Charles Liang sold 46,293 shares of Super Micro Computer 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 sale, the chief executive officer now owns 67,403,640 shares in the company, valued at $3,381,640,618.80. This represents a 0.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here.

Analysts Set New Price Targets

A number of analysts have recently weighed in on SMCI shares. Wedbush reissued a “hold” rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Northland Securities reissued an “outperform” rating and set a $57.00 price objective (up from $54.00) on shares of Super Micro Computer in a report on Wednesday, February 12th. Cfra upgraded shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research note on Tuesday, February 11th. Barclays assumed coverage on Super Micro Computer in a research note on Thursday. They issued an “equal weight” rating and a $59.00 price target for the company. Finally, StockNews.com upgraded Super Micro Computer to a “sell” rating in a research note on Friday. 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 assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $61.87.

Super Micro Computer Price Performance

The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. The stock has a market capitalization of $24.38 billion, a price-to-earnings ratio of 20.63 and a beta of 1.30. The company has a 50-day simple moving average of $36.63 and a two-hundred day simple moving average of $39.58.

Hedge Funds Weigh In On Super Micro Computer

Institutional investors have recently modified their holdings of the company. Emerald Mutual Fund Advisers Trust bought a new position in Super Micro Computer in the 3rd quarter worth about $87,000. Retirement Systems of Alabama raised its holdings in 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 in the last quarter. TrueWealth Advisors LLC lifted its position in 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 period. Wahed Invest LLC lifted its position in Super Micro Computer by 2.9% in the fourth quarter. Wahed Invest LLC now owns 12,362 shares of the company’s stock worth $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 valued at $152,000. 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.