Super Micro Computer (NASDAQ:SMCI) Trading Up 2.9% – Here’s What Happened

Super Micro Computer, Inc. (NASDAQ:SMCI)’s stock price traded up 2.9% on Thursday . The stock traded as high as $39.47 and last traded at $38.46. Approximately 41,048,664 shares traded hands during trading, a decline of 9% from the average session volume of 45,327,082 shares. The stock had previously closed at $37.39.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Stifel Nicolaus set a $42.00 price objective on shares of Super Micro Computer in a research note on Wednesday, August 12th. The Goldman Sachs Group reissued a “sell” rating and issued a $34.00 target price (up from $30.00) on shares of Super Micro Computer in a research note on Wednesday, August 12th. JPMorgan Chase & Co. raised their target price on shares of Super Micro Computer from $28.00 to $32.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Bank of America reaffirmed an “underperform” rating on shares of Super Micro Computer in a research note on Wednesday, August 12th. Finally, Barclays set a $39.00 price target on shares of Super Micro Computer and gave the company an “equal weight” rating in a report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $42.13.

Super Micro Computer Price Performance

The stock’s 50 day moving average price is $31.14 and its 200-day moving average price is $31.03. The company has a quick ratio of 2.07, a current ratio of 3.87 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $22.30 billion, a PE ratio of 11.59, a price-to-earnings-growth ratio of 0.84 and a beta of 1.95.

Super Micro Computer (NASDAQ:SMCI) last announced its quarterly earnings results on Tuesday, August 11th. The company reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.78. The firm 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.31 earnings per share. Super Micro Computer has set its Q1 2027 guidance at 1.010-1.100 EPS. As a group, equities analysts forecast that Super Micro Computer, Inc. will post 4.04 EPS for the current year.

Institutional Trading of Super Micro Computer

Institutional investors and hedge funds have recently made changes to their positions in the company. Corient Private Wealth LP grew its holdings in Super Micro Computer by 45.7% during the 2nd quarter. Corient Private Wealth LP now owns 31,716 shares of the company’s stock worth $930,000 after acquiring an additional 9,950 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Super Micro Computer during the 2nd quarter valued at about $8,412,000. California State Teachers Retirement System raised its holdings in shares of Super Micro Computer by 2,984.2% in the 2nd quarter. California State Teachers Retirement System now owns 25,071,724 shares of the company’s stock valued at $735,354,000 after purchasing an additional 24,258,827 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of Super Micro Computer in the 2nd quarter valued at about $319,000. Finally, Saudi Central Bank lifted its position in shares of Super Micro Computer by 99.5% in the 2nd quarter. Saudi Central Bank now owns 39,564 shares of the company’s stock worth $1,160,000 after purchasing an additional 19,733 shares during the period. 84.06% of the stock is currently owned by institutional investors.

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.