Super Micro Computer, Inc. (NASDAQ:SMCI) Director Liang Chiu-Chu Sara Liu Sells 525 Shares

Super Micro Computer, Inc. (NASDAQ:SMCI) Director Liang Chiu-Chu Sara Liu sold 525 shares of the company’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $869.62, for a total value of $456,550.50. Following the sale, the director now owns 3,459 shares of the company’s stock, valued at $3,008,015.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Super Micro Computer Trading Down 14.0 %

Shares of NASDAQ SMCI opened at $738.30 on Thursday. The company has a market cap of $41.29 billion, a price-to-earnings ratio of 41.38, a price-to-earnings-growth ratio of 0.77 and a beta of 1.34. Super Micro Computer, Inc. has a 12-month low of $101.71 and a 12-month high of $1,229.00. The company has a current ratio of 2.43, a quick ratio of 1.19 and a debt-to-equity ratio of 0.03. The stock’s 50 day simple moving average is $952.15 and its 200 day simple moving average is $577.91.

Super Micro Computer (NASDAQ:SMCI) last announced its quarterly earnings results on Monday, January 29th. The company reported $5.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.94 by $0.65. The business had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $2.80 billion. Super Micro Computer had a return on equity of 43.62% and a net margin of 8.88%. The business’s revenue was up 103.0% on a year-over-year basis. During the same quarter last year, the business posted $3.09 EPS. Equities research analysts expect that Super Micro Computer, Inc. will post 19.87 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SMCI. The Goldman Sachs Group decreased their target price on Super Micro Computer from $937.00 to $800.00 and set a “neutral” rating for the company in a research report on Wednesday. Susquehanna upped their target price on Super Micro Computer from $162.00 to $250.00 and gave the stock a “negative” rating in a research report on Tuesday, January 30th. Loop Capital increased their price target on Super Micro Computer from $600.00 to $1,500.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Barclays increased their price target on Super Micro Computer from $691.00 to $961.00 and gave the company an “overweight” rating in a report on Tuesday, February 13th. Finally, Argus began coverage on Super Micro Computer in a report on Wednesday, March 6th. They issued a “buy” rating and a $1,350.00 price target for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Super Micro Computer has a consensus rating of “Moderate Buy” and a consensus target price of $954.38.

Institutional Trading of Super Micro Computer

Several hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Super Micro Computer by 4.1% in the 4th quarter. Vanguard Group Inc. now owns 4,929,065 shares of the company’s stock worth $1,401,136,000 after purchasing an additional 194,700 shares during the last quarter. International Assets Investment Management LLC raised its stake in Super Micro Computer by 56,764.2% during the 4th quarter. International Assets Investment Management LLC now owns 1,322,093 shares of the company’s stock valued at $375,818,000 after acquiring an additional 1,319,768 shares in the last quarter. Northern Trust Corp raised its stake in Super Micro Computer by 7.4% during the 3rd quarter. Northern Trust Corp now owns 651,010 shares of the company’s stock valued at $178,520,000 after acquiring an additional 44,678 shares in the last quarter. William Blair Investment Management LLC bought a new stake in Super Micro Computer during the 3rd quarter valued at $140,751,000. Finally, Bank of New York Mellon Corp raised its stake in Super Micro Computer by 4.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 487,044 shares of the company’s stock valued at $133,557,000 after acquiring an additional 20,296 shares in the last quarter. 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.