Super Micro Computer Inc.’s recent filing unveils that its SVP, OPERATIONS KAO GEORGE unloaded Company’s shares for reported $0.83 million on Aug 31. In the deal valued at $280.79 per share,2,968 shares were sold. As a result of this transaction, KAO GEORGE now holds 7,590 shares worth roughly $ 2.13 million.
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Then, TUAN SHERMAN sold 1,000 shares, generating $272,000 in total proceeds. Upon selling the shares at $272.00, the Director now owns 27,613 shares.
Before that, KAO GEORGE sold 5,160 shares. Super Micro Computer Inc. shares valued at $1,393,132 were divested by the SVP, OPERATIONS at a price of $269.99 per share. As a result of the transaction, KAO GEORGE now holds 7,338 shares, worth roughly $2.06 million.
Wedbush upgraded its Super Micro Computer Inc. [SMCI] rating to a Neutral from a an Underperform in a research note published on Tuesday. PT values the company’s stock at a premium of -12.11 to its Tuesday closing price.
Price Performance Review of SMCI
On Tuesday, Super Micro Computer Inc. [NASDAQ:SMCI] saw its stock fall -0.67% to $280.28. On the same session, the stock had its day’s lowest price of $274.27, but rose to a high of $286.93. Over the last five days, the stock has gained 9.84%. Super Micro Computer Inc. shares have risen nearly 241.39% since the year began. Nevertheless, the stocks have risen 342.78% over the past one year. While a 52-week high of $357.00 was reached on 08/07/23, a 52-week low of $50.28 was recorded on 01/19/23. SMA at 50 days reached $281.46, while 200 days put it at $157.73. A total of 3.36 million shares were traded, compared to the trading of 6.64 million shares in the previous session.
Levels Of Support And Resistance For SMCI Stock
The 24-hour chart illustrates a support level at 274.06, which if violated will result in even more drops to 267.83. On the upside, there is a resistance level at 286.72. A further resistance level may holdings at 293.15. The Relative Strength Index (RSI) on the 14-day chart is 52.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 17.15, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 28.59%. Stochastics %K at 73.39% indicates the stock is a holding.
How much short interest is there in Super Micro Computer Inc.?
A steep rise in short interest was recorded in Super Micro Computer Inc. stocks on Aug 14, 2023, dropping by -0.63 million shares to a total of 4.14 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 4.77 million shares. There was a decline of -15.22%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 10.30% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.11.
Super Micro Computer Inc. [SMCI] – Who Are The Largest Shareholders?
In filings from BlackRock Fund Advisors, it is revealed that the company now owns 4,831,531 shares, or roughly 9.21% of the outstanding SMCI shares. In other words, the investor’s shares have risen by 20,437 from its previous 13-F filing of 4811094.0. Additionally, The Vanguard Group, Inc. decreased -5.85% of its stake after which the total value it holdings stand at $1,549,252,314, while Disciplined Growth Investors, Inc reduced -25.50% of its stake to hold $976.12 million in the firm. Over the last quarter, Dimensional Fund Advisors LP sold -378,562 shares of Super Micro Computer Inc., while SSgA Funds Management, Inc. sold -6,516 shares. At present, Geode Capital Management LLC is holding 967,487 shares valued at $319.53 million. Wolf Hill Capital Management LP owned 869,533 shares of the company at the time of its most recent 13F filing, worth $287.18 million.
According to FactSet, Super Micro Computer Inc.’s share price will average $368.63 in the next year, based on opinions of analysts polled by the firm. This is up nearly 36.27 percent from its previous closing price of $282.16. Analysts expect Super Micro Computer Inc. stock to reach the higher price of $500.00, while the lowest price estimate is $250.00. However, 8 analysts have rated SMCI stock as an Overweight in their predictions for 2023.