Super Micro Computer, Inc. (NASDAQ:SMCI) CEO Charles Liang Sells 60,126 Shares of Stock

Super Micro Computer, Inc. (NASDAQ:SMCI) CEO Charles Liang sold 60,126 shares of Super Micro Computer stock in a transaction dated Monday, April 5th. The stock was sold at an average price of $40.02, for a total transaction of $2,406,242.52. Following the completion of the transaction, the chief executive officer now directly owns 6,648,929 shares of the company’s stock, valued at $266,090,138.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Thursday, April 1st, Charles Liang sold 61,511 shares of Super Micro Computer stock. The shares were sold at an average price of $39.26, for a total transaction of $2,414,921.86.

Super Micro Computer stock opened at $39.34 on Thursday. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of 24.90 and a beta of 1.30. Super Micro Computer, Inc. has a 12-month low of $20.07 and a 12-month high of $40.33. The firm has a 50 day moving average of $35.78 and a 200 day moving average of $32.03. The company has a current ratio of 2.51, a quick ratio of 1.20 and a debt-to-equity ratio of 0.01.

Super Micro Computer (NASDAQ:SMCI) last announced its quarterly earnings data on Monday, February 1st. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.19. Super Micro Computer had a net margin of 2.56% and a return on equity of 12.14%. The business had revenue of $830.31 million during the quarter, compared to analyst estimates of $827.00 million. On average, analysts predict that Super Micro Computer, Inc. will post 1.93 EPS for the current year.

A number of equities analysts recently weighed in on the stock. Loop Capital boosted their price objective on shares of Super Micro Computer from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Monday, March 8th. Zacks Investment Research downgraded Super Micro Computer from a “hold” rating to a “sell” rating in a report on Wednesday, December 23rd.

A number of institutional investors and hedge funds have recently made changes to their positions in SMCI. State Street Corp lifted its position in Super Micro Computer by 9.0% during the third quarter. State Street Corp now owns 868,684 shares of the company’s stock valued at $22,933,000 after purchasing an additional 71,501 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Super Micro Computer by 26.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 49,253 shares of the company’s stock valued at $1,320,000 after acquiring an additional 10,213 shares during the period. Charles Schwab Investment Management Inc. grew its position in Super Micro Computer by 7.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 311,354 shares of the company’s stock valued at $8,220,000 after acquiring an additional 22,529 shares during the last quarter. Vestcor Inc purchased a new stake in Super Micro Computer in the third quarter worth $237,000. Finally, ExodusPoint Capital Management LP bought a new stake in shares of Super Micro Computer during the third quarter worth $1,452,000. Institutional investors own 75.22% of the company’s stock.

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. 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 support and services.

Further Reading: Investing in Growth Stocks

Insider Buying and Selling by Quarter for Super Micro Computer (NASDAQ:SMCI)

Receive News & Ratings for Super Micro Computer Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Super Micro Computer and related companies with MarketBeat.com's FREE daily email newsletter.