Super Micro Computer (NASDAQ:SMCI) Trading Down 4.9% on Insider Selling

Super Micro Computer, Inc. (NASDAQ:SMCI) traded down 4.9% during mid-day trading on Monday after an insider sold shares in the company. The stock traded as low as $41.89 and last traded at $43.12. 20,102,378 shares changed hands during trading, a decline of 71% from the average session volume of 69,680,464 shares. The stock had previously closed at $45.32.

Specifically, Director Liang Chiu-Chu Sara Liu sold 300,000 shares of the company’s stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $45.00, for a total transaction of $13,500,000.00. Following the completion of the transaction, the director now directly owns 66,903,640 shares of the company’s stock, valued at $3,010,663,800. This represents a 0.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Charles Liang sold 300,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $45.00, for a total value of $13,500,000.00. Following the completion of the sale, the chief executive officer now owns 66,903,640 shares in the company, valued at $3,010,663,800. The trade was a 0.45% decrease in their position. The disclosure for this sale can be found here.

Analyst Upgrades and Downgrades

SMCI has been the subject of several recent research reports. KGI Securities initiated coverage on shares of Super Micro Computer in a report on Wednesday, May 7th. They set a “neutral” rating for the company. Needham & Company LLC restated a “buy” rating and issued a $39.00 price objective on shares of Super Micro Computer in a report on Wednesday, May 7th. Northland Securities set a $59.00 price objective on Super Micro Computer in a research note on Wednesday, May 7th. Citigroup began coverage on shares of Super Micro Computer in a research note on Tuesday, May 6th. They issued a “neutral” rating and a $39.00 price target for the company. Finally, Raymond James Financial began coverage on shares of Super Micro Computer in a research note on Tuesday, May 13th. They set an “outperform” rating and a $41.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $45.63.

Super Micro Computer Stock Down 4.9%

The stock’s fifty day simple moving average is $38.58 and its 200-day simple moving average is $37.39. The stock has a market cap of $25.73 billion, a P/E ratio of 22.68 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.95 and a current ratio of 6.66.

Super Micro Computer (NASDAQ:SMCI) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.01. The firm had revenue of $4.60 billion during the quarter, compared to analysts’ expectations of $5.40 billion. Super Micro Computer had a return on equity of 20.41% and a net margin of 5.61%. The company’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.66 EPS. As a group, research analysts forecast that Super Micro Computer, Inc. will post 1.86 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Super Micro Computer

A number of large investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its holdings in shares of Super Micro Computer by 842.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 24,065 shares of the company’s stock worth $723,000 after acquiring an additional 21,512 shares during the period. Blue Trust Inc. increased its stake in shares of Super Micro Computer by 203.2% in the 4th quarter. Blue Trust Inc. now owns 1,231 shares of the company’s stock valued at $38,000 after purchasing an additional 825 shares during the last quarter. Principal Securities Inc. raised its holdings in shares of Super Micro Computer by 250.4% during the 4th quarter. Principal Securities Inc. now owns 3,147 shares of the company’s stock worth $96,000 after buying an additional 2,249 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Super Micro Computer by 887.7% during the 4th quarter. Principal Financial Group Inc. now owns 625,339 shares of the company’s stock worth $19,060,000 after buying an additional 562,029 shares during the last quarter. Finally, D.A. Davidson & CO. grew its position in Super Micro Computer by 529.6% in the fourth quarter. D.A. Davidson & CO. now owns 15,306 shares of the company’s stock valued at $467,000 after acquiring an additional 12,875 shares during the last quarter. 84.06% of the stock is currently 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.