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

On February 28th, Director Robert L. Blair made a notable transaction by selling 19,460 shares of Super Micro Computer, Inc. (NASDAQ:SMCI). The shares were sold at an average price of $42.58 each, culminating in a total sale of $828,606.80. This sale was officially reported in a filing with the Securities and Exchange Commission (SEC), which is accessible through their website.

Super Micro Computer has witnessed significant activity in its stock price recently, with shares trading at $39.14 on Tuesday, up by $3.07. The trading volume was substantial, with 108,866,501 shares exchanged, which greatly exceeded the average volume of 79,251,789 shares. The company's averages for the past 50 days and 200 days stand at $36.70 and $39.31, respectively. Financially, Super Micro maintains a robust current ratio of 3.77, a quick ratio of 1.93, and a manageable debt-to-equity ratio of 0.32. Over the past year, the stock has fluctuated between a low of $17.25 and a high of $122.90. The company's current market capitalization is $23.23 billion, and it has a price-to-earnings ratio of 19.65, along with a beta of 1.30.

Recent Institutional Trading Activity

Recent trading activity surrounding Super Micro Computer has included significant movements from institutional investors. For example, Vanguard Group Inc. significantly increased its stake in the company by 908.4% during the fourth quarter, now holding 61,992,493 shares valued at approximately $1.89 billion after acquiring another 55,845,073 shares. Similarly, Geode Capital Management LLC raised its position by 914.7%, now owning 12,846,717 shares worth about $390.57 million. Other notable investors include FMR LLC, which purchased a new position worth around $292.87 million, and Invesco Ltd., which increased its holdings by 929.5%. Northern Trust Corp also grew its stake by 1,573.8%, owning 4,897,876 shares valued at approximately $149.29 million. Overall, hedge funds and institutional investors control 84.06% of Super Micro's stock.

Analyst Ratings and Market Outlook

Super Micro Computer has been frequently analyzed by various financial institutions lately. JPMorgan Chase & Co. adjusted its price target on Super Micro from $23.00 to $35.00 while giving it an "underweight" rating. StockNews.com marked the stock as a "sell" in a recent report. Loop Capital maintained a "buy" rating, and Northland Capital Markets expressed a "strong-buy" outlook in previous research. Meanwhile, Barclays started coverage on Super Micro with an "equal weight" rating and a target price of $59.00. At present, analyst ratings range from three sell recommendations, ten holds, five buys, to one strong buy, leading to an average rating categorized as "Hold" and a target price of $61.87 according to MarketBeat.com.

About Super Micro Computer, Inc.

Super Micro Computer, Inc. specializes in the development and manufacturing of server and storage solutions characterized by high performance and modular architecture. The company serves clients globally, with operations in the United States, Europe, and Asia, providing a variety of solutions including complete servers, storage systems, and other related technologies.

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