New insider activity at Super Micro Computer ( (SMCI) ) has taken place on March 5, 2025.
Director Robert L. Blair recently sold 19,460 shares of Super Micro Computer stock, amounting to a total transaction value of $828,557.
Recent Updates on SMCI stock
Super Micro Computer (SMCI) has experienced significant developments recently. The company’s stock closed down 3% to $41.46, influenced by JPMorgan’s report highlighting material weaknesses in internal controls over financial reporting and increased legal risks, alongside a significant rise in customer concentration. Additionally, Barclays reinstated coverage with an Equal Weight rating, acknowledging Super Micro’s compliance with filing requirements, which removed the risk of delisting, but noted concerns over its shrinking competitive moat and past issues. Super Micro also announced a major expansion with a third campus in Silicon Valley, expected to bolster its industry leadership and create new job opportunities. Furthermore, the company faces strategic risks due to provisions in its convertible notes, potentially complicating acquisition attempts. Despite these challenges, the company met a critical SEC deadline, which led to a 22% surge in its stock price.
More about Super Micro Computer
YTD Price Performance: 37.97%
Average Trading Volume: 71,768,839
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $24.61B