Super Micro Computer (NASDAQ:SMCI) Shares Down 4.9% on Insider Selling

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) traded down 4.9% during trading on Monday following insider selling activity. The stock traded as low as $41.89 and last traded at $43.12. 20,102,378 shares traded hands during trading, a decline of 71% from the average session volume of 69,680,464 shares. The stock had previously closed at $45.32.

Specifically, Director Liang Chiu-Chu Sara Liu sold 300,000 shares of the firm's stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $45.00, for a total value of $13,500,000.00. Following the transaction, the director now directly owns 66,903,640 shares in the company, valued at approximately $3,010,663,800. This trade represents a 0.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Charles Liang sold 300,000 shares of the company's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $45.00, for a total transaction of $13,500,000.00. Following the sale, the chief executive officer now owns 66,903,640 shares of the company's stock, valued at $3,010,663,800. This trade represents a 0.45% decrease in their ownership of the stock. The disclosure for this sale can be found here.

Wall Street Analyst Weigh In

SMCI has been the topic of several research analyst reports. Northland Securities set a $59.00 price objective on shares of Super Micro Computer in a research note on Wednesday, May 7th. KGI Securities started coverage on shares of Super Micro Computer in a research note on Wednesday, May 7th. They issued a "neutral" rating for the company. The Goldman Sachs Group lowered Super Micro Computer from a "neutral" rating to a "sell" rating and lowered their price target for the company from $40.00 to $32.00 in a research note on Monday, March 24th. Wall Street Zen upgraded shares of Super Micro Computer to a "sell" rating in a research note on Thursday, May 8th. Finally, JPMorgan Chase & Co. decreased their price objective on Super Micro Computer from $36.00 to $35.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $45.63.

Super Micro Computer Price Performance

The company has a market capitalization of $25.73 billion, a price-to-earnings ratio of 22.68 and a beta of 1.40. The company has a current ratio of 6.66, a quick ratio of 3.95 and a debt-to-equity ratio of 0.38. The company has a 50 day moving average price of $38.58 and a 200 day moving average price of $37.39.

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 for the quarter, compared to analysts' expectations of $5.40 billion. During the same period last year, the firm earned $0.66 earnings per share. The business's revenue for the quarter was up 19.5% on a year-over-year basis. As a group, equities research analysts forecast that Super Micro Computer, Inc. will post 1.86 earnings per share for the current year.

Hedge Funds Weigh In On Super Micro Computer

A number of hedge funds and other institutional investors have recently made changes to their positions in SMCI. Eastern Bank acquired a new stake in Super Micro Computer during the 1st quarter worth $29,000. Parkside Financial Bank & Trust raised its position in shares of Super Micro Computer by 2,890.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 987 shares of the company's stock worth $30,000 after purchasing an additional 954 shares during the period. Larson Financial Group LLC lifted its holdings in shares of Super Micro Computer by 902.0% during the 4th quarter. Larson Financial Group LLC now owns 992 shares of the company's stock valued at $30,000 after purchasing an additional 893 shares in the last quarter. AlphaQuest LLC grew its position in shares of Super Micro Computer by 233.0% in the 4th quarter. AlphaQuest LLC now owns 1,089 shares of the company's stock valued at $33,000 after purchasing an additional 762 shares during the period. Finally, Bernard Wealth Management Corp. bought a new stake in Super Micro Computer during the 4th quarter worth approximately $33,000. 84.06% of the stock is owned by institutional investors.

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.

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