Super Micro Computer (NASDAQ:SMCI) Raised to Sell at StockNews.com

StockNews.com upgraded shares of Super Micro Computer (NASDAQ:SMCI) to a sell rating in a research report sent to investors on Friday.

SMCI has been the topic of a number of other reports. The Goldman Sachs Group raised their price objective on Super Micro Computer from $32.00 to $36.00 and gave the company a “neutral” rating in a report on Monday, February 24th. Wedbush reissued a “hold” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Barclays initiated coverage on Super Micro Computer in a report on Thursday. They set an “equal weight” rating and a $59.00 price objective on the stock. Northland Capmk raised Super Micro Computer to a “strong-buy” rating in a report on Friday, December 20th. Finally, Loop Capital reissued a “buy” rating on shares of Super Micro Computer in a report on Tuesday, February 18th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $61.87.

Super Micro Computer Stock Down 4.3 %

Shares of NASDAQ SMCI opened at $41.09 on Friday. The company has a market cap of $24.06 billion, a P/E ratio of 20.63 and a beta of 1.30. 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 business has a 50-day simple moving average of $36.63 and a two-hundred day simple moving average of $39.68. Super Micro Computer has a 52 week low of $17.25 and a 52 week high of $122.90.

Insider Buying and Selling

In related news, CEO Charles Liang sold 46,293 shares of the company’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $50.17, for a total value of $2,322,519.81. Following the sale, the chief executive officer now directly owns 67,403,640 shares of the company’s stock, valued at $3,381,640,618.80. This represents a 0.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP George Kao sold 71,720 shares of the company’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $50.48, for a total value of $3,620,425.60. Following the completion of the sale, the senior vice president now directly owns 19,449 shares in the company, valued at approximately $981,785.52. The trade was a 78.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 17.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Super Micro Computer

Institutional investors have recently modified their holdings of the business. Arkadios Wealth Advisors bought a new stake in Super Micro Computer during the third quarter valued at about $289,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of Super Micro Computer by 45.7% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 3,497 shares of the company’s stock valued at $1,456,000 after buying an additional 1,097 shares in the last quarter. State of Alaska Department of Revenue grew its stake in shares of Super Micro Computer by 7.2% during the 3rd quarter. State of Alaska Department of Revenue now owns 5,873 shares of the company’s stock valued at $2,445,000 after acquiring an additional 395 shares during the period. J.W. Cole Advisors Inc. increased its holdings in Super Micro Computer by 82.0% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 968 shares of the company’s stock worth $403,000 after acquiring an additional 436 shares in the last quarter. Finally, abrdn plc raised its stake in Super Micro Computer by 337.6% during the 3rd quarter. abrdn plc now owns 18,865 shares of the company’s stock worth $7,880,000 after acquiring an additional 14,554 shares during the period. 84.06% of the stock is owned by hedge funds and other institutional investors.

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.