Hwei-Ming Fred Tsai Sells 5,000 Shares of Super Micro Computer Inc. (SMCI) Stock
Super Micro Computer Inc. (NASDAQ:SMCI) Director Hwei-Ming Fred Tsai sold 5,000 shares of the business’s stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $25.75, for a total transaction of $128,750.00. Following the sale, the director now directly owns 261,000 shares in the company, valued at approximately $6,720,750. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Shares of Super Micro Computer Inc. (NASDAQ:SMCI) opened at 25.50 on Thursday. The firm’s 50-day moving average is $22.92 and its 200-day moving average is $23.51. Super Micro Computer Inc. has a one year low of $18.60 and a one year high of $34.69. The stock has a market capitalization of $1.22 billion, a PE ratio of 18.48 and a beta of 0.29.
Super Micro Computer (NASDAQ:SMCI) last posted its earnings results on Thursday, October 27th. The company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.13. The business had revenue of $529 million for the quarter, compared to the consensus estimate of $503.64 million. Super Micro Computer had a net margin of 3.23% and a return on equity of 10.15%. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.45 EPS. On average, analysts expect that Super Micro Computer Inc. will post $1.57 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. PineBridge Investments L.P. increased its position in Super Micro Computer by 5.2% in the second quarter. PineBridge Investments L.P. now owns 4,726 shares of the company’s stock worth $118,000 after buying an additional 233 shares during the period. Teacher Retirement System of Texas boosted its stake in Super Micro Computer by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 5,331 shares of the company’s stock worth $132,000 after buying an additional 644 shares in the last quarter. Springbok Capital Management LLC boosted its stake in Super Micro Computer by 55.0% in the first quarter. Springbok Capital Management LLC now owns 4,100 shares of the company’s stock worth $140,000 after buying an additional 1,454 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Super Micro Computer during the third quarter worth $147,000. Finally, Mason Street Advisors LLC purchased a new stake in Super Micro Computer during the second quarter worth $181,000. 68.54% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages have recently issued reports on SMCI. Roth Capital set a $24.00 target price on shares of Super Micro Computer and gave the stock a “hold” rating in a research note on Sunday, October 30th. Zacks Investment Research upgraded shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research note on Wednesday, October 5th. Maxim Group upped their target price on shares of Super Micro Computer from $30.00 to $34.00 and gave the stock a “buy” rating in a research note on Friday, September 23rd. TheStreet downgraded shares of Super Micro Computer from a “buy” rating to a “hold” rating in a research note on Monday, August 22nd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $25.00 target price on shares of Super Micro Computer in a research note on Friday, August 5th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Super Micro Computer currently has a consensus rating of “Buy” and a consensus target price of $29.50.
About Super Micro Computer
Super Micro Computer, Inc is engaged in developing and providing end-to-end green computing solutions to the cloud computing, data center, enterprise information technology (IT), big data, high performance computing (HPC) and Internet of Things (IoT)/embedded markets. The Company’s solutions range from server, storage, blade and workstations to full racks, networking devices, server management software and technology support and services.
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