Super Micro Computer, Inc. (NASDAQ:SMCI) CEO Sells $12,000,000.00 in Stock

Key Points

• CEO Charles Liang of Super Micro Computer sold $12 million worth of stock, reducing his ownership stake slightly to 40,426,120 shares.
• The company's stock price reached $60.71 recently, with a market capitalization of $36.23 billion and a 52-week range between $17.25 and $72.44.
• Super Micro Computer reported earnings of $0.31 per share, exceeding expectations, but its quarterly revenue fell short at $4.60 billion compared to analyst predictions of $5.40 billion.

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) CEO Charles Liang sold 200,000 shares of Super Micro Computer stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $60.00, for a total transaction of $12,000,000.00. Following the transaction, the chief executive officer directly owned 40,426,120 shares in the company, valued at $2,425,567,200. The trade was a 0.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Charles Liang also recently made the following trade(s):

• On Wednesday, June 18th, Charles Liang sold 300,000 shares of Super Micro Computer stock. The shares were sold at an average price of $45.00, for a total transaction of $13,500,000.00.

Super Micro Computer Price Performance

SMCI stock traded up $2.08 during mid-day trading on Wednesday, reaching $60.71. 52,543,923 shares of the company traded hands, compared to its average volume of 57,356,559. The company has a market capitalization of $36.23 billion, a P/E ratio of 31.94, a P/E/G ratio of 2.92 and a beta of 1.43. The company has a debt-to-equity ratio of 0.38, a current ratio of 6.66 and a quick ratio of 3.95. The company has a fifty day moving average price of $46.56 and a 200-day moving average price of $40.33. Super Micro Computer, Inc. has a 52-week low of $17.25 and a 52-week high of $72.44.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.01. The company had revenue of $4.60 billion for the quarter, compared to analysts' expectations of $5.40 billion. Super Micro Computer had a return on equity of 20.41% and a net margin of 5.61%. The firm's revenue for the quarter was up 19.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.66 earnings per share. As a group, analysts anticipate that Super Micro Computer, Inc. will post 1.86 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SMCI. KPP Advisory Services LLC bought a new stake in shares of Super Micro Computer in the 2nd quarter valued at approximately $221,000. Ethic Inc. bought a new stake in shares of Super Micro Computer during the 2nd quarter worth approximately $213,000. Cavalier Investments LLC bought a new stake in shares of Super Micro Computer during the 2nd quarter worth approximately $2,455,000. Securian Asset Management Inc. lifted its stake in shares of Super Micro Computer by 0.9% during the 2nd quarter. Securian Asset Management Inc. now owns 26,834 shares of the company's stock worth $1,315,000 after acquiring an additional 246 shares during the last quarter. Finally, Phoenix Financial Ltd. bought a new stake in shares of Super Micro Computer during the 2nd quarter worth approximately $234,000. 84.06% of the stock is owned by institutional investors.

Analyst Ratings Changes

SMCI has been the subject of a number of recent research reports. Needham & Company LLC reissued a "buy" rating and issued a $39.00 target price on shares of Super Micro Computer in a research report on Wednesday, May 7th. Citigroup reissued a "neutral" rating and issued a $52.00 target price (up previously from $37.00) on shares of Super Micro Computer in a research report on Friday, July 11th. JPMorgan Chase & Co. boosted their target price on shares of Super Micro Computer from $35.00 to $46.00 and gave the company a "neutral" rating in a research report on Thursday, July 17th. Mizuho boosted their target price on shares of Super Micro Computer from $40.00 to $47.00 and gave the company a "neutral" rating in a research report on Thursday, July 3rd. Finally, Wedbush reaffirmed a "buy" rating on shares of Super Micro Computer in a research report on Wednesday, June 25th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Super Micro Computer presently has a consensus rating of "Hold" and a consensus target price of $42.89.

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.

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