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George Kao, Senior Vice President of Operations at Super Micro Computer, Inc. (NASDAQ:SMCI), a $24.45 billion market cap technology company, made significant stock transactions recently, according to a filing with the Securities and Exchange Commission. On February 26, Kao sold 71,720 shares of common stock at an average price of $50.484 per share, totaling approximately $3.62 million. Following this transaction, Kao retains ownership of 19,449 shares. The sale comes as InvestingPro data shows SMCI’s stock experiencing high volatility, with the share price declining 23.4% in the past week.
In a separate transaction on February 27, Kao acquired 2,412 restricted stock units. These units, which represent a contingent right to receive an equivalent number of common shares, were acquired at no cost. The restricted stock units are set to vest in four equal annual increments starting July 1, 2025, contingent on Kao’s continued service to the company. Despite recent market volatility, InvestingPro analysis indicates strong fundamentals with impressive revenue growth of 125% and an overall GREAT financial health score. For deeper insights into SMCI’s valuation and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, Super Micro Computer has made significant strides with its financial reporting, now compliant with SEC requirements after filing its delayed reports for Fiscal Year 2024 and the first two quarters of Fiscal Year 2025. This development has led to various analyst reactions, with Loop Capital Markets raising its price target to $70, maintaining a Buy rating, and Barclays (LON:BARC) upgrading the stock to Equalweight with a $59 target. Mizuho (NYSE:MFG) Securities and Goldman Sachs both maintain a Neutral stance, with price targets set at $50 and $40, respectively. Analysts from these firms have noted Super Micro’s improved compliance and highlighted future growth prospects tied to its liquid cooling technology and partnerships with companies like NVIDIA (NASDAQ:NVDA).
Additionally, Super Micro has announced a major expansion in Silicon Valley, unveiling plans for a new campus aimed at enhancing its production capabilities for advanced data center technology. This expansion is expected to create jobs and contribute to the local economy. Super Micro’s recent introduction of a significant new customer, accounting for 31% of its revenue in F2Q25, has also been a point of interest. Despite these positive developments, analysts have expressed caution regarding potential future risks related to financial controls and competition from industry peers like Dell Technologies (NYSE:DELL).
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