Super Micro Computer, Inc. (NASDAQ:SMCI) Director Sells $828,606.80 in Stock

Super Micro Computer, Inc. (NASDAQ:SMCI) Director Robert L. Blair sold 19,460 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of $42.58, for a total value of $828,606.80. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Super Micro Computer Trading Up 8.5 %

Super Micro Computer stock traded up $3.07 during trading hours on Tuesday, reaching $39.14. 108,866,501 shares of the company’s stock traded hands, compared to its average volume of 79,251,789. The firm has a market capitalization of $23.23 billion, a price-to-earnings ratio of 19.65 and a beta of 1.30. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. Super Micro Computer, Inc. has a fifty-two week low of $17.25 and a fifty-two week high of $122.90. The firm’s 50 day moving average is $36.70 and its 200-day moving average is $39.31.

Institutional Investors Weigh In On Super Micro Computer

A number of institutional investors and hedge funds have recently modified their holdings of the business. Emerald Mutual Fund Advisers Trust acquired a new stake in Super Micro Computer during the 3rd quarter worth $87,000. Miller Wealth Advisors LLC acquired a new stake in shares of Super Micro Computer during the third quarter worth $152,000. Archer Investment Corp increased its holdings in Super Micro Computer by 364.2% in the third quarter. Archer Investment Corp now owns 571 shares of the company’s stock valued at $238,000 after purchasing an additional 448 shares during the last quarter. TrueWealth Advisors LLC increased its holdings in Super Micro Computer by 99.0% in the third quarter. TrueWealth Advisors LLC now owns 593 shares of the company’s stock valued at $247,000 after purchasing an additional 295 shares during the last quarter. Finally, Bell Bank acquired a new position in Super Micro Computer in the third quarter valued at about $259,000. 84.06% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on SMCI shares. JPMorgan Chase & Co. boosted their price target on shares of Super Micro Computer from $23.00 to $35.00 and gave the company an “underweight” rating in a research report on Wednesday, February 12th. Loop Capital reiterated a “buy” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Cfra upgraded Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research report on Tuesday, February 11th. Wedbush reaffirmed a “hold” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Finally, StockNews.com raised Super Micro Computer to a “sell” rating in a research note on Friday. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Super Micro Computer has an average rating of “Hold” and a consensus target price of $61.87.

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.