Super Micro Computer (NASDAQ:SMCI) Stock Price Up 3.4% – Here’s Why

Super Micro Computer, Inc. (NASDAQ:SMCI)’s stock price traded up 3.4% during mid-day trading on Wednesday . The company traded as high as $37.12 and last traded at $36.85. Approximately 31,072,447 shares changed hands during mid-day trading, a decline of 30% from the average session volume of 44,521,301 shares. The stock had previously closed at $35.64.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Rosenblatt Securities boosted their price objective on shares of Super Micro Computer from $45.00 to $51.00 and gave the company a “buy” rating in a research report on Wednesday, August 12th. Stifel Nicolaus set a $42.00 target price on Super Micro Computer in a report on Wednesday, August 12th. Raymond James Financial reiterated an “outperform” rating and issued a $48.00 price target on shares of Super Micro Computer in a research note on Wednesday, August 12th. Sanford C. Bernstein set a $42.00 price target on Super Micro Computer in a report on Thursday, August 13th. Finally, Zacks Research upgraded Super Micro Computer from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $42.13.

Super Micro Computer Trading Up 9.5%

The business’s 50 day simple moving average is $33.57 and its two-hundred day simple moving average is $31.67. The stock has a market cap of $26.51 billion, a P/E ratio of 12.61, a PEG ratio of 0.69 and a beta of 2.00. The company has a quick ratio of 2.07, a current ratio of 3.87 and a debt-to-equity ratio of 0.65.

Super Micro Computer (NASDAQ:SMCI) last released its quarterly earnings data on Tuesday, August 11th. The company reported $1.70 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.78. The company had revenue of $11.12 billion for the quarter, compared to the consensus estimate of $11.60 billion. Super Micro Computer had a return on equity of 27.83% and a net margin of 5.71%.Super Micro Computer’s revenue for the quarter was up 93.2% on a year-over-year basis. During the same quarter last year, the business posted $0.31 EPS. Super Micro Computer has set its Q1 2027 guidance at 1.010-1.100 EPS. As a group, analysts expect that Super Micro Computer, Inc. will post 4.04 EPS for the current year.

Insider Activity at Super Micro Computer

In other Super Micro Computer news, Director Chiu-Chu Liang sold 100,000 shares of Super Micro Computer stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $37.19, for a total transaction of $3,719,000.00. Following the transaction, the director directly owned 537,506 shares of the company’s stock, valued at approximately $19,989,848.14. The trade was a 15.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Charles Liang sold 100,000 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $37.19, for a total value of $3,719,000.00. Following the transaction, the chief executive officer owned 537,506 shares of the company’s stock, valued at $19,989,848.14. This trade represents a 15.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 16.10% of the company’s stock.

Institutional Investors Weigh In On Super Micro Computer

A number of institutional investors have recently modified their holdings of the company. Geode Capital Management LLC increased its position in Super Micro Computer by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 13,808,499 shares of the company’s stock valued at $402,627,000 after buying an additional 41,314 shares in the last quarter. Norges Bank bought a new position in shares of Super Micro Computer in the 4th quarter worth $136,569,000. Dimensional Fund Advisors LP grew its position in Super Micro Computer by 2.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,082,780 shares of the company’s stock valued at $92,872,000 after purchasing an additional 111,388 shares during the period. Legal & General Group Plc increased its stake in Super Micro Computer by 1.6% during the 4th quarter. Legal & General Group Plc now owns 3,956,726 shares of the company’s stock valued at $115,813,000 after purchasing an additional 63,877 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Super Micro Computer by 1,770.4% in the second quarter. Assenagon Asset Management S.A. now owns 2,174,863 shares of the company’s stock valued at $63,789,000 after buying an additional 2,058,588 shares in the last quarter. 84.06% of the stock is owned by institutional investors.

About Super Micro Computer

Super Micro Computer, Inc, doing business as Supermicro, develops and sells application-optimized server and storage systems. Its product portfolio includes servers, workstations, storage platforms, networking equipment, motherboards, chassis, power supplies and related software and support services.

The company also provides high-performance computing and data center infrastructure, including systems designed for artificial intelligence, machine learning, cloud computing, enterprise applications, telecommunications and edge computing.