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

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) were down 1.9% on Thursday after an insider sold shares in the company. The company traded as low as $709.12 and last traded at $724.34. Approximately 2,852,468 shares traded hands during mid-day trading, a decline of 70% from the average daily volume of 9,649,184 shares. The stock had previously closed at $738.30.

Specifically, Director Liang Chiu-Chu Sara Liu sold 525 shares of the business's 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 $3,008,015.58. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, SVP Don W. Clegg sold 28,727 shares of the stock in a transaction that occurred 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 $1,845,342.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Liang Chiu-Chu Sara Liu sold 525 shares of the business's stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $869.62, for a total value of $456,550.50. Following the completion of the sale, the director now directly owns 3,459 shares of the company's stock, valued at $3,008,015.58. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,252 shares of company stock worth $29,950,223. Company insiders own 17.60% of the company's stock.

Wall Street Analysts Forecast Growth

SMCI has been the topic of several research reports. Loop Capital raised their price target 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. Bank of America boosted their price target on shares of Super Micro Computer from $1,040.00 to $1,280.00 and gave the stock a "buy" rating in a research report on Wednesday, March 13th. KeyCorp initiated coverage on Super Micro Computer in a research note on Wednesday, April 24th. They issued a "sector weight" rating for the company. The Goldman Sachs Group dropped their price objective on Super Micro Computer from $937.00 to $800.00 and set a "neutral" rating for the company in a research note on Wednesday. Finally, Susquehanna raised their target price on Super Micro Computer from $162.00 to $250.00 and gave the company a "negative" rating in a research note on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $954.38.

Super Micro Computer Price Performance

The firm has a 50 day moving average price of $952.15 and a 200 day moving average price of $577.91. The stock has a market cap of $42.65 billion, a P/E ratio of 42.74, a P/E/G ratio of 0.77 and a beta of 1.34. The company has a quick ratio of 1.19, a current ratio of 2.43 and a debt-to-equity ratio of 0.03.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last issued its quarterly earnings data on Monday, January 29th. The company reported $5.59 earnings per share for the quarter, topping analysts' consensus estimates of $4.94 by $0.65. Super Micro Computer had a return on equity of 43.62% and a net margin of 8.88%. The firm had revenue of $3.66 billion during the quarter, compared to analysts' expectations of $2.80 billion. During the same period in the prior year, the business posted $3.09 EPS. The firm's quarterly revenue was up 103.0% on a year-over-year basis. On average, analysts forecast that Super Micro Computer, Inc. will post 19.87 EPS for the current fiscal year.

Institutional Trading of Super Micro Computer

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in Super Micro Computer by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 4,929,065 shares of the company's stock valued at $1,401,136,000 after acquiring an additional 194,700 shares in the last quarter. International Assets Investment Management LLC lifted its stake in Super Micro Computer by 56,764.2% in the fourth quarter. International Assets Investment Management LLC now owns 1,322,093 shares of the company's stock worth $375,818,000 after purchasing an additional 1,319,768 shares during the last quarter. Northern Trust Corp grew its holdings in Super Micro Computer by 7.4% in the third quarter. Northern Trust Corp now owns 651,010 shares of the company's stock worth $178,520,000 after purchasing an additional 44,678 shares during the last quarter. William Blair Investment Management LLC purchased a new stake in shares of Super Micro Computer during the third quarter worth about $140,751,000. Finally, Bank of New York Mellon Corp lifted its holdings 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 worth $133,557,000 after buying an additional 20,296 shares in the last quarter. 84.06% of the stock is owned by institutional investors.

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.