Super Micro Computer, Inc. Director Robert L. Blair Sells Shares

Super Micro Computer, Inc. (NASDAQ:SMCI) Director Robert L. Blair recently sold a significant portion of his holdings, offloading 19,460 shares of the company's stock on Friday, February 28th. This sale was executed at an average price of $42.58 per share, resulting in a total transaction value of $828,606.80. Details of this transaction were made public through a filing with the SEC, which is accessible for review.

Super Micro Computer's Stock Performance

On the following Tuesday, shares of Super Micro Computer saw an increase of $3.07, climbing to $39.14. The trading volume for the day reached 108,866,501 shares, which surpassed the average trading volume of 79,251,789 shares. The company’s current performance metrics include a 50-day moving average of $36.70 and a 200-day moving average of $39.31. Furthermore, Super Micro Computer's current ratio stands at 3.77, with a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. Over the past year, the stock recorded a low of $17.25 and a high of $122.90. With a market capitalization of $23.23 billion, the stock carries a P/E ratio of 19.65 and a beta of 1.30.

Recent Institutional Trading Activity

Several institutional investors and hedge funds have been active in trading Super Micro Computer shares. Notably, Vanguard Group Inc. boosted its holdings by an impressive 908.4% in the fourth quarter, now owning 61,992,493 shares valued at approximately $1.89 billion after acquiring an additional 55,845,073 shares. Similarly, Geode Capital Management LLC increased its position by 914.7%, bringing its ownership to 12,846,717 shares worth around $391 million after an additional purchase of 11,580,677 shares. FMR LLC also entered a new position in Super Micro Computer worth about $292.87 million during the same period. Invesco Ltd. raised its stake by 929.5%, now holding 7,542,742 shares valued at around $229.90 million after acquiring an additional 6,810,082 shares. Northern Trust Corp expanded its holdings by 1,573.8%, now owning 4,897,876 shares worth approximately $149.29 million following an additional purchase of 4,605,260 shares. A notable 84.06% of the company’s stock is currently owned by institutional investors and hedge funds.

Analyst Ratings and Insights

Super Micro Computer has been the subject of various analyst reports recently. On February 12th, JPMorgan Chase & Co. raised its price target for the stock from $23.00 to $35.00, assigning it an 'underweight' rating. StockNews.com subsequently upgraded the stock to a 'sell' rating. Meanwhile, Loop Capital maintained a 'buy' rating on Super Micro Computer shares in a report released on February 18th. Northland Capital Markets rated the stock as a 'strong-buy' in a report on December 20th. Barclays also initiated coverage on the stock, issuing an 'equal weight' rating and setting a target price of $59.00. Overall, three analysts have issued 'sell' ratings, ten have given 'hold' ratings, five have assigned 'buy' ratings, and one analyst has labeled the stock as a 'strong buy.' According to MarketBeat.com, Super Micro Computer currently has an average analyst rating of 'Hold' with a target price averaging $61.87.

Super Micro Computer, Inc., along with its subsidiaries, designs and manufactures high-performance server and storage solutions rooted in a modular and open architecture. The company's solutions extend across the globe, including the United States, Europe, and Asia, with a product range that encompasses complete servers, storage systems, modular blade servers, workstations, network devices, and server management software.

SuperMicro, Stock, Sale