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

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) Director Liang Chiu-Chu Sara Liu sold 525 shares of the business's stock in a transaction that occurred on 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 directly owns 3,459 shares in the company, valued at approximately $3,008,015.58. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Super Micro Computer Trading Down 14.0 %

SMCI stock traded down $120.50 during midday trading on Wednesday, reaching $738.30. 13,513,457 shares of the company's stock traded hands, compared to its average volume of 9,733,610. Super Micro Computer, Inc. has a fifty-two week low of $101.71 and a fifty-two week high of $1,229.00. The business has a 50-day moving average price of $952.15 and a two-hundred day moving average price of $577.91. The company has a market capitalization of $41.30 billion, a P/E ratio of 57.63, a PEG ratio of 0.79 and a beta of 1.28. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.43 and a quick ratio of 1.19.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last announced its quarterly earnings results on Monday, January 29th. The company reported $5.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.94 by $0.65. The firm had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $2.80 billion. Super Micro Computer had a return on equity of 32.34% and a net margin of 7.92%. The firm's quarterly revenue was up 103.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.09 EPS. Equities research analysts forecast that Super Micro Computer, Inc. will post 20.24 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on SMCI shares. Barclays upped their target price on Super Micro Computer from $691.00 to $961.00 and gave the company an "overweight" rating in a report on Tuesday, February 13th. Northland Securities lifted their price objective on Super Micro Computer from $925.00 to $1,300.00 and gave the stock an "outperform" rating in a research report on Monday, March 25th. Rosenblatt Securities reissued a "buy" rating and issued a $1,300.00 price target on shares of Super Micro Computer in a report on Wednesday. Wells Fargo & Company lowered their price target on shares of Super Micro Computer from $960.00 to $890.00 and set an "equal weight" rating for the company in a report on Wednesday. Finally, The Goldman Sachs Group reduced their price objective on shares of Super Micro Computer from $937.00 to $800.00 and set a "neutral" rating on the stock in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $954.38.

Institutional Investors Weigh In On Super Micro Computer

A number of large investors have recently modified their holdings of SMCI. Sound Income Strategies LLC grew its position in Super Micro Computer by 14.4% in the first quarter. Sound Income Strategies LLC now owns 103 shares of the company's stock valued at $104,000 after acquiring an additional 13 shares in the last quarter. Versant Capital Management Inc boosted its position in Super Micro Computer by 42.9% in the 1st quarter. Versant Capital Management Inc now owns 50 shares of the company's stock valued at $51,000 after buying an additional 15 shares during the last quarter. TFC Financial Management Inc. grew its position in shares of Super Micro Computer by 23.1% during the first quarter. TFC Financial Management Inc. now owns 80 shares of the company's stock worth $81,000 after buying an additional 15 shares in the last quarter. Valeo Financial Advisors LLC increased its position in shares of Super Micro Computer by 1.3% in the 1st quarter. Valeo Financial Advisors LLC now owns 1,270 shares of the company's stock worth $1,283,000 after purchasing an additional 16 shares during the last quarter. Finally, Crossmark Global Holdings Inc. grew its stake in Super Micro Computer by 0.4% in the fourth quarter. Crossmark Global Holdings Inc. now owns 4,078 shares of the company's stock worth $1,160,000 after purchasing an additional 18 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.