Super Micro Computer, Inc. (NASDAQ:SMCI) Director Liang Chiu-Chu Sara Liu Sells 200,000 Shares

Key Points

• Liang Chiu-Chu Sara Liu, a director at Super Micro Computer, sold 200,000 shares at an average price of $60.00, totaling $12 million, reducing their ownership stake by 0.49%.
• Super Micro Computer reported a Q2 earnings per share (EPS) of $0.31, beating estimates and showing a 19.5% year-over-year revenue increase, though revenue was lower than expected at $4.60 billion.
• Analyst ratings for Super Micro Computer show a mix, with the average price target set at $42.89 and a majority of analysts holding the stock as a "Hold."

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) Director Liang Chiu-Chu Sara Liu sold 200,000 shares of the business's stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $60.00, for a total transaction of $12,000,000.00. Following the sale, the director owned 40,426,120 shares of the company's stock, valued at $2,425,567,200. This trade represents a 0.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Liang Chiu-Chu Sara Liu also recently made the following trade(s):

• On Wednesday, June 18th, Liang Chiu-Chu Sara Liu 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

Shares of Super Micro Computer stock traded up $2.08 during trading hours on Wednesday, reaching $60.71. 52,543,923 shares of the company's stock were exchanged, compared to its average volume of 57,356,559. Super Micro Computer, Inc. has a 1 year low of $17.25 and a 1 year high of $72.44. The company has a market capitalization of $36.23 billion, a P/E ratio of 31.94, a price-to-earnings-growth ratio of 2.92 and a beta of 1.43. The business has a fifty day moving average of $46.56 and a two-hundred day moving average of $40.33. The company has a quick ratio of 3.95, a current ratio of 6.66 and a debt-to-equity ratio of 0.38.

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

Wall Street Analysts Forecast Growth

SMCI has been the subject of a number of recent analyst reports. Rosenblatt Securities dropped their price target on shares of Super Micro Computer from $55.00 to $50.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. KGI Securities began coverage on shares of Super Micro Computer in a research note on Wednesday, May 7th. They issued a "neutral" rating on the stock. Citigroup reissued a "neutral" rating and set a $52.00 target price (up previously from $37.00) on shares of Super Micro Computer in a research report on Friday, July 11th. Raymond James Financial initiated coverage on shares of Super Micro Computer in a research report on Wednesday, June 25th. They set an "outperform" rating on the stock. Finally, Needham & Company LLC restated a "buy" rating and set a $39.00 price objective on shares of Super Micro Computer in a research note on Wednesday, May 7th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $42.89.

Institutional Trading of Super Micro Computer

A number of large investors have recently made changes to their positions in the company. Geode Capital Management LLC lifted its holdings in Super Micro Computer by 914.7% in the fourth quarter. Geode Capital Management LLC now owns 12,846,717 shares of the company's stock valued at $390,572,000 after acquiring an additional 11,580,677 shares during the period. FMR LLC purchased a new stake in Super Micro Computer during the 4th quarter worth about $292,869,000. Invesco Ltd. increased its position in Super Micro Computer by 929.5% during the 4th quarter. Invesco Ltd. now owns 7,542,742 shares of the company's stock worth $229,903,000 after purchasing an additional 6,810,082 shares in the last quarter. Northern Trust Corp increased its position in Super Micro Computer by 1,573.8% during the 4th quarter. Northern Trust Corp now owns 4,897,876 shares of the company's stock worth $149,287,000 after purchasing an additional 4,605,260 shares in the last quarter. Finally, Marshall Wace LLP increased its position in Super Micro Computer by 416,945.0% during the 4th quarter. Marshall Wace LLP now owns 3,753,405 shares of the company's stock worth $114,404,000 after purchasing an additional 3,752,505 shares in the last quarter. 84.06% of the stock is currently owned by hedge funds and other 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.

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