Super Micro Computer (NASDAQ:SMCI) Shares Gap Up – Should You Buy?

Super Micro Computer, Inc. (NASDAQ:SMCI)’s share price gapped up prior to trading on Monday . The stock had previously closed at $30.66, but opened at $32.33. Super Micro Computer shares last traded at $34.4180, with a volume of 39,608,330 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on SMCI shares. Argus restated a “hold” rating on shares of Super Micro Computer in a report on Friday, March 20th. Wolfe Research initiated coverage on Super Micro Computer in a research report on Thursday, June 11th. They issued a “peer perform” rating on the stock. CJS Securities upgraded Super Micro Computer from a “market underperform” rating to a “market perform” rating in a research note on Wednesday, May 6th. Wedbush reduced their price objective on Super Micro Computer from $42.00 to $34.00 and set a “neutral” rating for the company in a research report on Wednesday, May 6th. Finally, Rosenblatt Securities lifted their price objective on Super Micro Computer from $32.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Four analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $38.57.

Super Micro Computer Trading Up 18.9%

The firm’s 50 day moving average price is $33.03 and its 200-day moving average price is $31.09. The stock has a market cap of $21.93 billion, a P/E ratio of 19.13, a P/E/G ratio of 0.51 and a beta of 1.86. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.66 and a quick ratio of 1.29.

Super Micro Computer (NASDAQ:SMCI) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.21. Super Micro Computer had a net margin of 3.70% and a return on equity of 17.49%. The company had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $12.39 billion. During the same quarter last year, the firm earned $0.31 earnings per share. The firm’s quarterly revenue was up 122.7% compared to the same quarter last year. Super Micro Computer has set its Q4 2026 guidance at 0.650-0.790 EPS. As a group, equities research analysts forecast that Super Micro Computer, Inc. will post 2.11 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Flagship Harbor Advisors LLC bought a new stake in Super Micro Computer in the 4th quarter worth about $25,000. Elyxium Wealth LLC bought a new position in Super Micro Computer during the 4th quarter valued at about $26,000. Arax Advisory Partners bought a new position in Super Micro Computer during the 4th quarter valued at about $28,000. SHP Wealth Management purchased a new stake in shares of Super Micro Computer during the 4th quarter valued at about $29,000. Finally, Concord Wealth Partners boosted its holdings in shares of Super Micro Computer by 2,564.1% during the 4th quarter. Concord Wealth Partners now owns 1,039 shares of the company’s stock valued at $30,000 after acquiring an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 84.06% of the company’s stock.

About Super Micro Computer

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.