Super Micro Computer (NASDAQ:SMCI) Stock Price Up 7.3% – Here’s What Happened

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) rose 7.3% on Wednesday . The stock traded as high as $28.22 and last traded at $28.17. 36,705,483 shares changed hands during trading, a decline of 16% from the average daily volume of 43,773,695 shares. The stock had previously closed at $26.25.

Analyst Upgrades and Downgrades

SMCI has been the topic of a number of analyst reports. CJS Securities raised Super Micro Computer from a “market underperform” rating to a “market perform” rating in a research note on Wednesday, May 6th. Wedbush dropped their price objective on Super Micro Computer from $42.00 to $34.00 and set a “neutral” rating for the company in a research note on Wednesday, May 6th. Needham & Company LLC restated a “buy” rating and issued a $40.00 target price on shares of Super Micro Computer in a report on Wednesday, May 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Super Micro Computer in a research note on Wednesday, June 24th. Finally, Barclays lowered their price target on shares of Super Micro Computer from $38.00 to $34.00 and set an “equal weight” rating for the company in a report on Wednesday, May 6th. Four research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $38.57.

Super Micro Computer Stock Up 7.3%

The company has a debt-to-equity ratio of 0.88, a current ratio of 2.66 and a quick ratio of 1.29. The stock has a market capitalization of $16.94 billion, a PE ratio of 14.90, a PEG ratio of 0.34 and a beta of 1.94. The company has a 50 day moving average price of $33.60 and a 200-day moving average price of $30.78.

Super Micro Computer (NASDAQ:SMCI) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.21. The company had revenue of $10.24 billion during the quarter, compared to analyst estimates of $12.39 billion. Super Micro Computer had a return on equity of 17.49% and a net margin of 3.70%.The firm’s revenue was up 122.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.31 earnings per share. Super Micro Computer has set its Q4 2026 guidance at 0.650-0.790 EPS. As a group, analysts forecast that Super Micro Computer, Inc. will post 2.13 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Super Micro Computer

Several hedge funds and other institutional investors have recently modified their holdings of the stock. OVERSEA CHINESE BANKING Corp Ltd increased its stake in shares of Super Micro Computer by 210.8% in the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 49,806 shares of the company’s stock worth $1,498,000 after acquiring an additional 33,782 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Super Micro Computer by 54.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 107,789 shares of the company’s stock worth $3,155,000 after acquiring an additional 38,098 shares in the last quarter. Generali Asset Management SPA SGR grew its holdings in Super Micro Computer by 235.2% in the fourth quarter. Generali Asset Management SPA SGR now owns 70,389 shares of the company’s stock worth $2,060,000 after purchasing an additional 49,389 shares during the period. Peterson Wealth Management purchased a new stake in Super Micro Computer in the third quarter worth about $993,000. Finally, Strs Ohio increased its stake in shares of Super Micro Computer by 41.9% during the fourth quarter. Strs Ohio now owns 237,299 shares of the company’s stock valued at $6,946,000 after purchasing an additional 70,021 shares in the last quarter. Hedge funds and other institutional investors 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.