Charles Liang Sells 46,293 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) Stock

Super Micro Computer, Inc. (NASDAQ:SMCI) 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 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. The trade was a 0.07 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Super Micro Computer Price Performance

NASDAQ:SMCI opened at $41.09 on Friday. Super Micro Computer, Inc. has a one year low of $17.25 and a one year 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 stock has a market cap of $24.38 billion, a PE ratio of 20.63 and a beta of 1.30. The stock has a 50 day moving average price of $36.63 and a 200 day moving average price of $39.58.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SMCI. Emerald Mutual Fund Advisers Trust purchased a new position in shares of Super Micro Computer during the third quarter worth $87,000. Miller Wealth Advisors LLC purchased a new position in shares of Super Micro Computer during the third quarter worth $152,000. Archer Investment Corp boosted its position in shares of Super Micro Computer by 364.2% during the third quarter. Archer Investment Corp now owns 571 shares of the company’s stock worth $238,000 after buying an additional 448 shares during the period. TrueWealth Advisors LLC boosted its position in shares of Super Micro Computer by 99.0% during the third quarter. TrueWealth Advisors LLC now owns 593 shares of the company’s stock worth $247,000 after buying an additional 295 shares during the period. Finally, Bell Bank purchased a new position in shares of Super Micro Computer during the third quarter worth $259,000. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Cfra upgraded Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a report on Tuesday, February 11th. Wedbush restated a “hold” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Northland Capmk upgraded Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. StockNews.com upgraded Super Micro Computer to a “sell” rating in a report on Friday. Finally, JPMorgan Chase & Co. lifted their target price on Super Micro Computer from $23.00 to $35.00 and gave the company an “underweight” rating in a research report on Wednesday, February 12th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $61.87.

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.