Super Micro Computer (NASDAQ:SMCI) Director Scott Angel Buys 1,715 Shares of Stock

Super Micro Computer, Inc. (NASDAQ:SMCI – Get Free Report) Director Scott Angel bought 1,715 shares of the firm’s stock in a transaction that occurred on Friday, November 6th. The shares were purchased at an average cost of $29.12 per share, for a total transaction of $49,940.80. Following the purchase, the director owned 8,770 shares in the company, valued at $255,382.40. This represents a 24.31% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Super Micro Computer Stock Performance

Shares of Super Micro Computer stock opened at $27.79 on Wednesday. The business has a 50-day moving average of $37.08 and a 200 day moving average of $32.62. Super Micro Computer, Inc. has a 12 month low of $19.48 and a 12 month high of $51.40. The stock has a market capitalization of $18.32 billion, a price-to-earnings ratio of 5.93, a price-to-earnings-growth ratio of 0.41 and a beta of 2.17. The company has a debt-to-equity ratio of 0.56, a current ratio of 3.02 and a quick ratio of 1.66.

Super Micro Computer (NASDAQ:SMCI – Get Free Report) last issued its quarterly earnings results on Tuesday, November 3rd. The company reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.53. Super Micro Computer had a net margin of 6.77% and a return on equity of 38.97%. The company had revenue of $19.95 billion for the quarter, compared to analyst estimates of $16.29 billion. During the same period in the prior year, the firm earned $0.35 earnings per share. The business’s revenue for the quarter was up 297.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Super Micro Computer, Inc. will post 4.52 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Needham & Company LLC reiterated a “buy” rating and issued a $46.00 price objective on shares of Super Micro Computer in a research note on Wednesday, August 12th. Barclays set a $39.00 target price on Super Micro Computer and gave the stock an “equal weight” rating in a research note on Wednesday, August 12th. Northland Securities set a $36.00 price target on Super Micro Computer in a report on Wednesday, July 22nd. Rosenblatt Securities reaffirmed a “buy” rating and issued a $57.00 price target on shares of Super Micro Computer in a research report on Wednesday, November 4th. Finally, Sanford C. Bernstein set a $42.00 price target on Super Micro Computer in a research report on Thursday, August 13th. Four research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $41.29.

View Our Latest Research Report on SMCI

Institutional Investors Weigh In On Super Micro Computer

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Quest 10 Wealth Builders Inc. increased its holdings in Super Micro Computer by 235.2% in the third quarter. Quest 10 Wealth Builders Inc. now owns 600 shares of the company’s stock valued at $25,000 after buying an additional 421 shares during the last quarter. TOP Private Wealth LLC. purchased a new stake in Super Micro Computer during the 2nd quarter worth about $42,000. Comprehensive Financial Planning Inc. PA purchased a new stake in Super Micro Computer during the 2nd quarter worth about $43,000. Heritage Family Offices LLP acquired a new position in shares of Super Micro Computer during the 3rd quarter worth about $43,000. Finally, Contravisory Investment Management Inc. acquired a new position in shares of Super Micro Computer during the 2nd quarter worth about $49,000. 84.06% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Super Micro Computer

Here are the key news stories impacting Super Micro Computer this week:

Super Micro Computer Company Profile

(Get Free Report)

Super Micro Computer, Inc. designs and sells server and storage systems, networking equipment, and related software and services. Its offerings include systems for data centers, cloud computing, enterprise applications, high-performance computing, artificial intelligence, and edge computing. The company emphasizes application-optimized solutions, including integrated rack-scale systems that combine computing, storage, networking, and management tools. It also provides system configuration, deployment, and support services.

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