Super Micro Computer (NASDAQ:SMCI) Stock Price Down 1.9% Following Insider Selling

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) dropped 1.9% on Thursday following insider selling activity. The stock traded as low as $709.12 and last traded at $724.34. Approximately 2,852,468 shares changed hands during trading, a decline of 70% from the average daily volume of 9,649,184 shares. The stock had previously closed at $738.30.

Specifically, SVP Don W. Clegg sold 28,727 shares of the stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $874.57, for a total value of $25,123,772.39. Following the transaction, the senior vice president now directly owns 2,110 shares of the company’s stock, valued at approximately $1,845,342.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the stock in a transaction on Monday, April 29th. The shares were sold at an average price of $869.62, for a total transaction of $456,550.50. Following the completion of the sale, the director now owns 3,459 shares in the company, valued at approximately $3,008,015.58. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Don W. Clegg sold 28,727 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $874.57, for a total transaction of $25,123,772.39. Following the sale, the senior vice president now owns 2,110 shares of the company’s stock, valued at approximately $1,845,342.70. The disclosure for this sale can be found here. Insiders have sold 34,252 shares of company stock valued at $29,950,223 in the last ninety days. Insiders own 17.60% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. assumed coverage on shares of Super Micro Computer in a research note on Monday, March 25th. They set an “overweight” rating and a $1,150.00 price target for the company. StockNews.com upgraded shares of Super Micro Computer from a “sell” rating to a “hold” rating in a research note on Wednesday. Loop Capital raised their target price on shares of Super Micro Computer from $600.00 to $1,500.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. The Goldman Sachs Group reduced their target price on shares of Super Micro Computer from $937.00 to $800.00 and set a “neutral” rating for the company in a research note on Wednesday. Finally, Wedbush raised their target price on shares of Super Micro Computer from $530.00 to $800.00 and gave the stock a “neutral” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat, Super Micro Computer currently has a consensus rating of “Moderate Buy” and an average price target of $954.38.

Super Micro Computer Price Performance

The company has a debt-to-equity ratio of 0.35, a current ratio of 4.69 and a quick ratio of 1.19. The company’s 50 day moving average is $947.89 and its 200 day moving average is $579.19. The stock has a market cap of $43.78 billion, a price-to-earnings ratio of 43.84, a PEG ratio of 0.67 and a beta of 1.34.

Institutional Trading of Super Micro Computer

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of New Hampshire acquired a new stake in shares of Super Micro Computer in the first quarter valued at about $35,000. Larson Financial Group LLC increased its holdings in Super Micro Computer by 186.7% during the 1st quarter. Larson Financial Group LLC now owns 43 shares of the company’s stock valued at $43,000 after acquiring an additional 28 shares in the last quarter. Versant Capital Management Inc increased its holdings in Super Micro Computer by 42.9% during the 1st quarter. Versant Capital Management Inc now owns 50 shares of the company’s stock valued at $51,000 after acquiring an additional 15 shares in the last quarter. Silicon Valley Capital Partners purchased a new position in Super Micro Computer during the 1st quarter valued at about $51,000. Finally, Retirement Group LLC increased its holdings in Super Micro Computer by 75.0% during the 1st quarter. Retirement Group LLC now owns 56 shares of the company’s stock valued at $57,000 after acquiring an additional 24 shares in 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.