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

Super Micro Computer, Inc. (NASDAQ:SMCI) Director Robert L. Blair sold 19,460 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $42.58, for a total value of $828,606.80. The sale was disclosed in a filing with the SEC, which is available at this link.

Super Micro Computer Stock Performance

Super Micro Computer stock opened at $38.90 on Thursday. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. The stock has a market cap of $23.09 billion, a PE ratio of 19.53 and a beta of 1.21. Super Micro Computer, Inc. has a 12-month low of $17.25 and a 12-month high of $122.90. The business’s 50-day moving average price is $36.89 and its two-hundred day moving average price is $38.97.

Institutional Investors Weigh In On Super Micro Computer

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Emerald Mutual Fund Advisers Trust acquired a new stake in Super Micro Computer in the third quarter valued at approximately $87,000. Retirement Systems of Alabama boosted its holdings in shares of Super Micro Computer by 2.3% during the 3rd quarter. Retirement Systems of Alabama now owns 11,367 shares of the company’s stock valued at $4,733,000 after acquiring an additional 258 shares in the last quarter. TrueWealth Advisors LLC grew its position in Super Micro Computer by 99.0% during the 3rd quarter. TrueWealth Advisors LLC now owns 593 shares of the company’s stock worth $247,000 after acquiring an additional 295 shares during the last quarter. Wahed Invest LLC increased its holdings in Super Micro Computer by 2.9% in the 4th quarter. Wahed Invest LLC now owns 12,362 shares of the company’s stock worth $377,000 after purchasing an additional 352 shares in the last quarter. Finally, Miller Wealth Advisors LLC bought a new position in Super Micro Computer in the third quarter valued at about $152,000. 84.06% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SMCI. Cfra upgraded Super Micro Computer from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research report on Tuesday, February 11th. JPMorgan Chase & Co. raised their price target on shares of Super Micro Computer from $23.00 to $35.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 12th. Wedbush reissued a “hold” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Northland Capmk raised shares of Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. Finally, Loop Capital reiterated a “buy” rating on shares of Super Micro Computer in a research note on Tuesday, February 18th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $61.87.

About Super Micro Computer

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.