Super Micro Computer, Inc. (NASDAQ:SMCI) Director Robert L. Blair Sells 19,460 Shares

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

Super Micro Computer Stock Up 8.5 %

SMCI stock opened at $39.14 on Wednesday. The stock has a market capitalization of $23.23 billion, a P/E ratio of 19.65 and a beta of 1.30. The firm has a 50-day simple moving average of $36.80 and a 200-day simple moving average of $39.14. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. Super Micro Computer, Inc. has a 52 week low of $17.25 and a 52 week high of $122.90.

Institutional Trading of Super Micro Computer

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Cfra upgraded shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research report on Tuesday, February 11th. Loop Capital restated a “buy” rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. Wedbush restated a “hold” rating on shares of Super Micro Computer in a research report on Tuesday, February 18th. The Goldman Sachs Group upped their price objective on shares of Super Micro Computer from $32.00 to $36.00 and gave the stock a “neutral” rating in a research report on Monday, February 24th. Finally, Northland Capmk upgraded shares of Super Micro Computer to a “strong-buy” rating in a research report on Friday, December 20th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Super Micro Computer presently has a consensus rating of “Hold” and an average price target of $61.87.

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.