George Kao Sells 71,720 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) Stock

Super Micro Computer, Inc. (NASDAQ:SMCI) SVP George Kao sold 71,720 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $50.48, for a total value of $3,620,425.60. Following the transaction, the senior vice president now owns 19,449 shares of the company’s stock, valued at approximately $981,785.52. This represents a 78.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Super Micro Computer Trading Down 4.3 %

Shares of NASDAQ SMCI opened at $41.09 on Friday. Super Micro Computer, Inc. has a 52-week low of $17.25 and a 52-week high of $122.90. The stock has a market capitalization of $24.38 billion, a P/E ratio of 20.63 and a beta of 1.30. The stock’s 50 day moving average price is $36.63 and its two-hundred day moving average price is $39.58. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on SMCI shares. Northland Capmk upgraded Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. The Goldman Sachs Group lifted their price target on Super Micro Computer from $32.00 to $36.00 and gave the stock a “neutral” rating in a report on Monday, February 24th. Northland Securities reaffirmed an “outperform” rating and set a $57.00 price target (up from $54.00) on shares of Super Micro Computer in a report on Wednesday, February 12th. Loop Capital reaffirmed a “buy” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Finally, Cfra upgraded Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research report on Tuesday, February 11th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $61.87.

Hedge Funds Weigh In On Super Micro Computer

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Emerald Mutual Fund Advisers Trust bought a new position in Super Micro Computer in the 3rd quarter worth approximately $87,000. Retirement Systems of Alabama lifted its position in Super Micro Computer by 2.3% in the third quarter. Retirement Systems of Alabama now owns 11,367 shares of the company’s stock worth $4,733,000 after purchasing an additional 258 shares during the period. TrueWealth Advisors LLC lifted its position in Super Micro Computer by 99.0% in the third quarter. TrueWealth Advisors LLC now owns 593 shares of the company’s stock worth $247,000 after purchasing an additional 295 shares during the period. Wahed Invest LLC lifted its position in Super Micro Computer by 2.9% in the fourth quarter. Wahed Invest LLC now owns 12,362 shares of the company’s stock worth $377,000 after purchasing an additional 352 shares during the period. Finally, Miller Wealth Advisors LLC acquired a new stake in Super Micro Computer in the third quarter worth approximately $152,000. 84.06% of the stock is owned by 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.