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

Super Micro Computer, Inc. (NASDAQ:SMCI)’s share price shot up 7.3% on Wednesday . The stock traded as high as $28.22 and last traded at $28.17. 36,705,483 shares were traded during mid-day trading, a decline of 16% from the average session volume of 43,773,695 shares. The stock had previously closed at $26.25.

Analysts Set New Price Targets

A number of research analysts recently weighed in on SMCI shares. Wolfe Research began coverage on Super Micro Computer in a research report on Thursday, June 11th. They set a “peer perform” rating for the company. JPMorgan Chase & Co. increased their target price on Super Micro Computer from $28.00 to $32.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Mizuho raised their price target on Super Micro Computer from $36.00 to $44.00 and gave the company a “neutral” rating in a report on Monday, June 1st. Barclays lowered their price target on Super Micro Computer from $38.00 to $34.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 6th. Finally, Argus reissued a “hold” rating on shares of Super Micro Computer in a research report on Friday, March 20th. Four analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $38.57.

Super Micro Computer Price Performance

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

Super Micro Computer (NASDAQ:SMCI) last posted its 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. Super Micro Computer had a return on equity of 17.49% and a net margin of 3.70%.The business had revenue of $10.24 billion during the quarter, compared to analyst estimates of $12.39 billion. During the same quarter last year, the company earned $0.31 EPS. The company’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, analysts predict that Super Micro Computer, Inc. will post 2.13 EPS for the current year.

Institutional Trading of Super Micro Computer

A number of institutional investors have recently made changes to their positions in SMCI. MCF Advisors LLC raised its holdings in shares of Super Micro Computer by 9.6% during the fourth quarter. MCF Advisors LLC now owns 3,696 shares of the company’s stock valued at $108,000 after purchasing an additional 325 shares during the last quarter. CIBC Private Wealth Group LLC boosted its holdings in Super Micro Computer by 11.8% in the third quarter. CIBC Private Wealth Group LLC now owns 3,206 shares of the company’s stock worth $154,000 after purchasing an additional 339 shares during the last quarter. City State Bank boosted its holdings in Super Micro Computer by 4.9% in the fourth quarter. City State Bank now owns 7,500 shares of the company’s stock worth $220,000 after purchasing an additional 350 shares during the last quarter. World Equity Group Inc. grew its position in Super Micro Computer by 3.8% in the 1st quarter. World Equity Group Inc. now owns 9,877 shares of the company’s stock worth $225,000 after purchasing an additional 362 shares during the period. Finally, Newbridge Financial Services Group Inc. grew its position in Super Micro Computer by 8.3% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 4,897 shares of the company’s stock worth $143,000 after purchasing an additional 375 shares during the period. 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.