Super Micro Computer (NASDAQ:SMCI) Stock: Insider Scott Angel Acquires 1,715 Shares

Super Micro Computer, Inc. (NASDAQ:SMCI) Director Scott Angel acquired 1,715 shares of the stock in a transaction on Friday, November 6th. The shares were bought at an average cost of $29.12 per share, for a total transaction of $49,940.80. Following the purchase, the director directly owned 8,770 shares of the company’s stock, valued at $255,382.40. The trade was a 24.31% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

Super Micro Computer Trading Up 9.5%

SMCI opened at $30.43 on Thursday. The stock has a market capitalization of $20.06 billion, a PE ratio of 6.49, a P/E/G ratio of 0.31 and a beta of 2.17. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.66 and a current ratio of 3.02. Super Micro Computer, Inc. has a one year low of $19.48 and a one year high of $51.40. The business’s 50 day moving average price is $36.96 and its 200 day moving average price is $32.61.

Super Micro Computer (NASDAQ:SMCI) last posted its earnings results on Tuesday, November 3rd. The company reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.53. The firm had revenue of $19.95 billion during the quarter, compared to the consensus estimate of $16.29 billion. Super Micro Computer had a net margin of 6.77% and a return on equity of 38.97%. The firm’s revenue for the quarter was up 297.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.35 EPS. As a group, equities research analysts expect that Super Micro Computer, Inc. will post 5.90 EPS for the current year.

Super Micro Computer News Roundup

These are some of the SMCI news items that stood out recently:

• Positive Sentiment: CoreWeave’s stronger results and improved outlook provided a lift to sentiment around Super Micro, which supplies AI-server infrastructure to the cloud-computing company. Article: Super Micro stock jumps as AMD server shipments and CoreWeave lift shares
• Negative Sentiment: Reports of regulatory scrutiny over whether Super Micro servers containing Nvidia chips were rented to China’s Moonshot AI raise potential export-control and compliance risks. Article: Super Micro Unveils H15 Servers as Export Scrutiny Draws Focus
• Negative Sentiment: Despite a near-quadrupling of quarterly revenue to about $19.9 billion, operating cash flow was negative $434 million as receivables and inventory increased. The cash drain underscores working-capital demands and the risk that rapid growth may not translate promptly into cash. Article: Super Micro Computer Stocks Fall as Cash Drain Shadows Fourfold Sales Jump

Institutional Investors Weigh In On Super Micro Computer

Several institutional investors and hedge funds have recently modified their holdings of SMCI. Advisors Asset Management Inc. acquired a new stake in Super Micro Computer during the 3rd quarter valued at $412,000. Edmond DE Rothschild Holding S.A. bought a new stake in Super Micro Computer during the third quarter valued at $25,000. Private Wealth Asset Management LLC grew its position in shares of Super Micro Computer by 448.4% during the 3rd quarter. Private Wealth Asset Management LLC now owns 13,161 shares of the company’s stock valued at $541,000 after buying an additional 10,761 shares during the last quarter. Private Advisor Group LLC raised its position in shares of Super Micro Computer by 1,159.1% during the 3rd quarter. Private Advisor Group LLC now owns 199,303 shares of the company’s stock worth $8,185,000 after purchasing an additional 183,474 shares during the period. Finally, Independent Advisor Alliance increased its position in Super Micro Computer by 12.9% in the third quarter. Independent Advisor Alliance now owns 17,668 shares of the company’s stock worth $716,000 after buying an additional 2,021 shares during the period. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Bank of America upped their price objective on shares of Super Micro Computer from $38.00 to $39.00 and gave the company an “underperform” rating in a research note on Wednesday, November 4th. Wall Street Zen upgraded shares of Super Micro Computer from a “hold” rating to a “buy” rating in a research note on Saturday, October 31st. Oppenheimer upgraded Super Micro Computer to an “outperform” rating in a research note on Wednesday, November 4th. Zacks Research downgraded shares of Super Micro Computer from a “strong-buy” rating to a “hold” rating in a report on Monday, October 12th. Finally, Sanford C. Bernstein set a $42.00 price target on Super Micro Computer in a research report on Thursday, August 13th. Four investment 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 MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $41.29.

About Super Micro Computer

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.