Super Micro Computer (NASDAQ:SMCI) Shares Up 7.8% – Still a Buy?

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) shot up 7.8% during mid-day trading on Wednesday . The company traded as high as $33.86 and last traded at $33.5650. 31,449,776 shares were traded during trading, a decline of 6% from the average session volume of 33,591,582 shares. The stock had previously closed at $31.13.

Analyst Ratings Changes

Several research firms have issued reports on SMCI. Argus set a $64.00 price objective on Super Micro Computer in a research report on Thursday, November 6th. Northland Securities set a $63.00 target price on shares of Super Micro Computer in a research report on Wednesday, November 5th. Wedbush reduced their price target on shares of Super Micro Computer from $48.00 to $42.00 and set a “neutral” rating for the company in a research report on Wednesday, November 5th. Raymond James Financial lowered their price target on Super Micro Computer from $50.00 to $35.00 and set an “outperform” rating on the stock in a report on Wednesday, February 4th. Finally, Citigroup decreased their target price on Super Micro Computer from $48.00 to $39.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 20th. Five research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $43.43.

Super Micro Computer Trading Up 7.8%

The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.01 and a current ratio of 1.70. The business has a fifty day simple moving average of $30.81 and a 200 day simple moving average of $39.04. The stock has a market cap of $20.11 billion, a price-to-earnings ratio of 25.05, a PEG ratio of 0.60 and a beta of 1.53.

Super Micro Computer (NASDAQ:SMCI) last released its quarterly earnings results on Tuesday, February 3rd. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.20. The company had revenue of $12.68 billion during the quarter, compared to analysts’ expectations of $10.34 billion. Super Micro Computer had a return on equity of 13.22% and a net margin of 3.11%.The business’s revenue for the quarter was up 123.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.59 earnings per share. Super Micro Computer has set its Q3 2026 guidance at 0.600- EPS. As a group, equities analysts anticipate that Super Micro Computer, Inc. will post 1.86 EPS for the current year.

Hedge Funds Weigh In On Super Micro Computer

A number of institutional investors have recently modified their holdings of SMCI. Vanguard Group Inc. boosted its position in shares of Super Micro Computer by 2.7% in the second quarter. Vanguard Group Inc. now owns 66,152,948 shares of the company’s stock worth $3,242,156,000 after buying an additional 1,745,179 shares during the period. Norges Bank purchased a new stake in shares of Super Micro Computer during the 2nd quarter valued at about $150,395,000. Focus Financial Network Inc. lifted its position in Super Micro Computer by 4,042.2% during the 3rd quarter. Focus Financial Network Inc. now owns 264,688 shares of the company’s stock worth $12,689,000 after acquiring an additional 258,298 shares in the last quarter. BLKBRD Asset Management LP purchased a new position in Super Micro Computer in the 2nd quarter worth approximately $9,486,000. Finally, Thames Capital Management LLC acquired a new stake in Super Micro Computer in the second quarter valued at approximately $12,760,000. Institutional investors and hedge funds own 84.06% of the company’s stock.

Super Micro Computer Company Profile

Super Micro Computer, Inc (Supermicro) is a technology company that designs, develops and manufactures high-performance server, storage and networking solutions for enterprise, cloud, data center, high performance computing (HPC) and edge computing customers. The company’s product portfolio includes rackmount and blade servers, storage subsystems, motherboards, chassis, power supplies and networking components, with an emphasis on high-density, energy-efficient configurations and platforms optimized for GPU-accelerated workloads and artificial intelligence applications.

Headquartered in San Jose, California, Supermicro combines in-house engineering with a global manufacturing and distribution footprint to deliver configurable, application-specific systems.