Super Micro Computer, Inc. (NASDAQ:SMCI) SVP George Kao Sells 71,720 Shares

Super Micro Computer, Inc. (NASDAQ:SMCI) SVP George Kao sold 71,720 shares of the business’s stock in a transaction dated Wednesday, February 26th. The shares were 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 directly owns 19,449 shares of the company’s stock, valued at approximately $981,785.52. This trade represents a 78.67 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Super Micro Computer Price Performance

SMCI stock traded down $1.86 during mid-day trading on Friday, reaching $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 has a market cap of $24.06 billion, a PE ratio of 20.63 and a beta of 1.30. The company’s 50 day moving average is $36.44 and its two-hundred day 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 company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32.

Wall Street Analyst Weigh In

SMCI has been the topic of several recent research reports. Barclays began coverage on Super Micro Computer in a research report on Thursday. They issued an “equal weight” rating and a $59.00 price objective on the stock. Loop Capital reissued a “buy” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Northland Securities reaffirmed an “outperform” rating and issued a $57.00 price objective (up previously from $54.00) on shares of Super Micro Computer in a report on Wednesday, February 12th. Cfra upgraded Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a research note on Tuesday, February 11th. Finally, Northland Capmk raised Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. 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 MarketBeat, the company has an average rating of “Hold” and a consensus price target of $61.87.

Hedge Funds Weigh In On Super Micro Computer

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rakuten Securities Inc. grew its holdings in shares of Super Micro Computer by 391.8% in the third quarter. Rakuten Securities Inc. now owns 76,660 shares of the company’s stock valued at $31,921,000 after purchasing an additional 61,071 shares during the period. Assetmark Inc. grew its stake in shares of Super Micro Computer by 164.8% in the 3rd quarter. Assetmark Inc. now owns 150,333 shares of the company’s stock valued at $62,599,000 after buying an additional 93,569 shares during the period. Clear Creek Financial Management LLC acquired a new stake in shares of Super Micro Computer during the 4th quarter worth approximately $635,000. Nepsis Inc. purchased a new stake in shares of Super Micro Computer during the 4th quarter valued at approximately $13,625,000. Finally, Sanctuary Advisors LLC lifted its holdings in Super Micro Computer by 254.7% in the third quarter. Sanctuary Advisors LLC now owns 30,634 shares of the company’s stock valued at $12,756,000 after acquiring an additional 21,997 shares during the last quarter. Institutional investors and hedge funds 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.