Super Micro Computer (NASDAQ:SMCI) Shares Up 5.4% – Here’s What Happened

Super Micro Computer, Inc. (NASDAQ:SMCI) was up 5.4% during trading on Monday . The stock traded as high as $41.72 and last traded at $41.20. 47,666,254 shares were traded during trading, an increase of 7% from the average session volume of 44,628,926 shares. The stock had previously closed at $39.09.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SMCI. Needham & Company LLC reissued a “buy” rating and issued a $46.00 price target on shares of Super Micro Computer in a research note on Wednesday, August 12th. Wolfe Research started coverage on shares of Super Micro Computer in a report on Thursday, June 11th. They issued a “peer perform” rating for the company. Bank of America reissued an “underperform” rating on shares of Super Micro Computer in a research report on Wednesday, August 12th. The Goldman Sachs Group restated a “sell” rating and set a $34.00 price target (up from $30.00) on shares of Super Micro Computer in a report on Wednesday, August 12th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Super Micro Computer in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $42.13.

Super Micro Computer Stock Performance

The company has a current ratio of 3.87, a quick ratio of 2.07 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $27.07 billion, a PE ratio of 12.88, a PEG ratio of 0.74 and a beta of 2.00. The firm’s fifty day moving average price is $33.78 and its 200 day moving average price is $31.72.

Super Micro Computer (NASDAQ:SMCI) last announced its quarterly earnings data on Tuesday, August 11th. The company reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.78. The business had revenue of $11.12 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 93.2% compared to the same quarter last year. During the same period last year, the company earned $0.31 earnings per share. Super Micro Computer has set its Q1 2027 guidance at 1.010-1.100 EPS. On average, research analysts anticipate that Super Micro Computer, Inc. will post 4.04 earnings per share for the current year.

Insider Transactions at Super Micro Computer

In related news, CEO Charles Liang sold 100,000 shares of the stock in a transaction that occurred on 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 in the company, valued at approximately $19,989,848.14. This represents a 15.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Chiu-Chu Liang sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 3rd. The shares were 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 in the company, valued at approximately $19,989,848.14. The trade was a 15.69% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 16.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. MCF Advisors LLC boosted its holdings in Super Micro Computer by 9.6% during the fourth quarter. MCF Advisors LLC now owns 3,696 shares of the company’s stock valued at $108,000 after acquiring an additional 325 shares during the period. World Equity Group Inc. increased its stake in shares of Super Micro Computer by 3.8% in the first quarter. World Equity Group Inc. now owns 9,877 shares of the company’s stock worth $225,000 after purchasing an additional 362 shares during the period. Gulf International Bank UK Ltd lifted its position in shares of Super Micro Computer by 1.7% during the 4th quarter. Gulf International Bank UK Ltd now owns 26,748 shares of the company’s stock worth $783,000 after purchasing an additional 455 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Super Micro Computer by 0.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 117,205 shares of the company’s stock valued at $2,669,000 after purchasing an additional 564 shares during the period. Finally, Focused Wealth Management Inc boosted its stake in Super Micro Computer by 3.3% during the 1st quarter. Focused Wealth Management Inc now owns 21,245 shares of the company’s stock valued at $484,000 after purchasing an additional 677 shares during the period. Institutional investors and hedge funds own 84.06% of the company’s stock.

Super Micro Computer Company Profile

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.