Super Micro Computer, Inc. (NASDAQ:SMCI) CEO Sells $3,119,192.72 in Stock

Super Micro Computer, Inc. (NASDAQ:SMCIGet Rating) CEO Charles Liang sold 43,772 shares of Super Micro Computer stock in a transaction on Thursday, January 19th. The shares were sold at an average price of $71.26, for a total value of $3,119,192.72. Following the sale, the chief executive officer now directly owns 6,722,717 shares in the company, valued at approximately $479,060,813.42. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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

  • On Tuesday, January 17th, Charles Liang sold 50,000 shares of Super Micro Computer stock. The shares were sold at an average price of $82.49, for a total value of $4,124,500.00.
  • On Wednesday, November 2nd, Charles Liang sold 44,000 shares of Super Micro Computer stock. The stock was sold at an average price of $75.00, for a total value of $3,300,000.00.

Super Micro Computer Stock Up 1.6 %

Shares of Super Micro Computer stock opened at $71.98 on Friday. The stock’s fifty day moving average is $83.98 and its 200-day moving average is $68.33. The firm has a market capitalization of $3.81 billion, a PE ratio of 8.82 and a beta of 1.45. The company has a quick ratio of 0.85, a current ratio of 2.13 and a debt-to-equity ratio of 0.09. Super Micro Computer, Inc. has a 12-month low of $34.11 and a 12-month high of $95.22.

Super Micro Computer (NASDAQ:SMCIGet Rating) last announced its earnings results on Tuesday, November 1st. The company reported $3.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.01 by $0.34. The company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.80 billion. Super Micro Computer had a return on equity of 32.20% and a net margin of 7.38%. Equities analysts anticipate that Super Micro Computer, Inc. will post 9.05 earnings per share for the current year.

Institutional Investors Weigh In On Super Micro Computer

A number of institutional investors and hedge funds have recently modified their holdings of SMCI. Millennium Management LLC raised its position in shares of Super Micro Computer by 379.5% during the second quarter. Millennium Management LLC now owns 609,315 shares of the company’s stock worth $24,586,000 after purchasing an additional 482,230 shares during the period. Cannell & Co. grew its holdings in shares of Super Micro Computer by 2,372.4% during the third quarter. Cannell & Co. now owns 446,265 shares of the company’s stock valued at $24,576,000 after buying an additional 428,215 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Super Micro Computer by 2,901.7% during the third quarter. Renaissance Technologies LLC now owns 373,415 shares of the company’s stock valued at $20,564,000 after buying an additional 360,975 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Super Micro Computer by 8.7% during the first quarter. BlackRock Inc. now owns 3,445,273 shares of the company’s stock valued at $131,163,000 after buying an additional 275,725 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its holdings in shares of Super Micro Computer by 580.4% during the third quarter. Allianz Asset Management GmbH now owns 296,233 shares of the company’s stock valued at $16,313,000 after buying an additional 252,698 shares in the last quarter. 73.08% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on SMCI shares. Northland Securities boosted their price objective on Super Micro Computer from $137.00 to $165.00 in a research note on Wednesday, November 2nd. Wedbush boosted their price objective on Super Micro Computer from $55.00 to $65.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 2nd. Finally, StockNews.com started coverage on Super Micro Computer in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock.

Super Micro Computer Company Profile

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Super Micro Computer, Inc, together with its subsidiaries, develops and manufactures high-performance server and storage solutions based on modular and open architecture. Its solutions range from complete server, storage, modular blade servers, blades, workstations, full racks, networking devices, server management software, and server sub-systems, as well as security software.

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