Super Micro Computer (NASDAQ:SMCI) Stock Price Down 5.8% After Insider Selling

Super Micro Computer, Inc. (NASDAQ:SMCI)’s share price fell 5.8% during trading on Monday following insider selling activity. The company traded as low as $39.21 and last traded at $39.07. 32,311,662 shares were traded during trading, a decline of 58% from the average session volume of 76,559,656 shares. The stock had previously closed at $41.46.

Specifically, SVP George Kao sold 71,720 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $50.48, for a total transaction of $3,620,425.60. Following the transaction, the senior vice president now directly owns 19,449 shares of the company’s stock, valued at $981,785.52. This represents a 78.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Charles Liang sold 46,293 shares of the company’s 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 transaction, the chief executive officer now directly owns 67,403,640 shares in the company, valued at $3,381,640,618.80. The trade was a 0.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SMCI. JPMorgan Chase & Co. upped their target price on Super Micro Computer from $23.00 to $35.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 12th. Northland Securities reissued an “outperform” rating and issued a $57.00 price target (up from $54.00) on shares of Super Micro Computer in a research report on Wednesday, February 12th. Northland Capmk raised Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. Wedbush reissued a “hold” rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Finally, Barclays started coverage on Super Micro Computer in a research report on Thursday, February 27th. They issued an “equal weight” rating and a $59.00 price target for the company. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $61.87.

Super Micro Computer Price Performance

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 company has a market cap of $21.41 billion, a P/E ratio of 18.11 and a beta of 1.30. The firm has a 50 day moving average price of $36.70 and a two-hundred day moving average price of $39.31.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Emerald Mutual Fund Advisers Trust bought a new position in shares of Super Micro Computer during the 3rd quarter worth $87,000. Retirement Systems of Alabama grew its stake in shares of Super Micro Computer by 2.3% during the 3rd quarter. Retirement Systems of Alabama now owns 11,367 shares of the company’s stock worth $4,733,000 after acquiring an additional 258 shares during the period. TrueWealth Advisors LLC grew its stake in shares of Super Micro Computer by 99.0% during the 3rd quarter. TrueWealth Advisors LLC now owns 593 shares of the company’s stock worth $247,000 after acquiring an additional 295 shares during the period. Wahed Invest LLC grew its stake in shares of Super Micro Computer by 2.9% during the 4th quarter. Wahed Invest LLC now owns 12,362 shares of the company’s stock worth $377,000 after acquiring an additional 352 shares during the period. Finally, Miller Wealth Advisors LLC bought a new position in shares of Super Micro Computer during the 3rd quarter worth $152,000. Institutional investors 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.