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

On February 28th, 2023, Robert L. Blair, the Director of Super Micro Computer, Inc. (NASDAQ:SMCI), sold a total of 19,460 shares of the company's stock. The sale took place at an average price of $42.58 per share, amounting to a total transaction value of $828,606.80. This important transaction was disclosed in a filing with the Securities and Exchange Commission (SEC), and the details can be viewed on the SEC's website.

Performance of Super Micro Computer Stock

On Tuesday following the sale, shares of Super Micro Computer experienced a rise of $3.07, reaching a trading price of $39.14. This was part of a higher trading volume, with 108,866,501 shares traded compared to the normal volume of 79,251,789 shares. The company's stock has a 50-day moving average of $36.70 and a 200-day moving average of $39.31. At present, Super Micro holds a market capitalization of $23.23 billion, a price-to-earnings (P/E) ratio of 19.65, and a beta value of 1.30. Over the past year, the stock has fluctuated between a low of $17.25 and a high of $122.90.

Institutional Investors and Trading Activity

Recently, several institutional investors have made significant transactions involving Super Micro Computer shares. Notably, Vanguard Group Inc. increased its stake in the company by an impressive 908.4% during the fourth quarter, now owning 61,992,493 shares valued at approximately $1.89 billion. Other institutional players like Geode Capital Management LLC and FMR LLC have also raised their holdings substantially in the past quarter. Currently, around 84.06% of the company's stock is held by hedge funds and institutional investors, indicating strong institutional interest.

Analyst Opinions and Market Ratings

Several analysts have recently provided updates regarding Super Micro Computer. For instance, JPMorgan Chase & Co. raised their price target on the shares from $23.00 to $35.00, but rated the stock as "underweight" on February 12th. Conversely, other firms are more optimistic, with Loop Capital maintaining a "buy" rating. As of now, Super Micro Computer has received varied ratings, with three analysts recommending a sell, ten suggesting holding, five endorsing buying, and one classifying it as a strong buy. The average rating for the stock is currently a "Hold" with a target price of $61.87 according to MarketBeat.com.

Overview of Super Micro Computer, Inc.

Super Micro Computer, Inc. specializes in the development and manufacturing of high-performance server and storage solutions. The company operates across various regions including the United States, Europe, and Asia, providing a wide array of products from complete server and storage systems to networking devices, server management software, and security software.

SuperMicro, Stocks, Investment