Super Micro Computer (NASDAQ:SMCI) Shares Up 9.5% – Here’s Why

Super Micro Computer, Inc. (NASDAQ:SMCI)’s share price traded up 9.5% during mid-day trading on Thursday . The stock traded as high as $41.01 and last traded at $40.35. 62,078,247 shares were traded during trading, an increase of 39% from the average daily volume of 44,593,805 shares. The stock had previously closed at $36.85.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on SMCI shares. Barclays set a $39.00 price target on shares of Super Micro Computer and gave the company an “equal weight” rating in a research report on Wednesday, August 12th. Northland Securities set a $36.00 target price on shares of Super Micro Computer in a research note on Wednesday, July 22nd. Wedbush increased their target price on shares of Super Micro Computer from $34.00 to $40.00 and gave the company a “neutral” rating in a research report on Wednesday, August 12th. Sanford C. Bernstein set a $42.00 price target on shares of Super Micro Computer in a report on Thursday, August 13th. Finally, Zacks Research upgraded Super Micro Computer from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 20th. One 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Super Micro Computer currently has a consensus rating of “Hold” and a consensus target price of $42.13.

Super Micro Computer Price Performance

The stock has a market cap of $26.51 billion, a P/E ratio of 12.61, a price-to-earnings-growth ratio of 0.67 and a beta of 2.00. 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 business’s 50-day simple moving average is $33.32 and its two-hundred day simple moving average is $31.61.

Super Micro Computer (NASDAQ:SMCI) last posted its quarterly earnings results on Tuesday, August 11th. The company reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.78. The company had revenue of $11.12 billion for the quarter, compared to analyst estimates of $11.60 billion. Super Micro Computer had a net margin of 5.71% and a return on equity of 27.83%. The company’s quarterly revenue was up 93.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.31 earnings per share. Super Micro Computer has set its Q1 2027 guidance at 1.010-1.100 EPS. Sell-side analysts expect that Super Micro Computer, Inc. will post 4.04 EPS for the current year.

Insider Buying and Selling at Super Micro Computer

In other Super Micro Computer news, Director Chiu-Chu Liang sold 100,000 shares of the stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $37.19, for a total transaction of $3,719,000.00. Following the sale, the director owned 537,506 shares in the company, valued at $19,989,848.14. This represents a 15.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Charles Liang sold 100,000 shares of the firm’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $37.19, for a total value of $3,719,000.00. Following the completion of the transaction, the chief executive officer directly owned 537,506 shares of the company’s stock, valued at $19,989,848.14. The trade was a 15.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 16.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Quantinno Capital Management LP lifted its position in Super Micro Computer by 49.0% in the 1st quarter. Quantinno Capital Management LP now owns 155,225 shares of the company’s stock worth $3,534,000 after buying an additional 51,049 shares during the last quarter. Sei Investments Co. boosted its stake in Super Micro Computer by 134.8% in the first quarter. Sei Investments Co. now owns 144,238 shares of the company’s stock worth $3,284,000 after buying an additional 82,820 shares in the last quarter. Renaissance Technologies LLC bought a new position in Super Micro Computer during the first quarter valued at approximately $1,353,000. Geode Capital Management LLC grew its position in Super Micro Computer by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 13,808,499 shares of the company’s stock valued at $402,627,000 after acquiring an additional 41,314 shares during the last quarter. Finally, Czech National Bank grew its position in Super Micro Computer by 16.9% during the second quarter. Czech National Bank now owns 160,189 shares of the company’s stock valued at $4,698,000 after acquiring an additional 23,158 shares during 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, doing business as Supermicro, develops and sells application-optimized server and storage systems. Its product portfolio includes servers, workstations, storage platforms, networking equipment, motherboards, chassis, power supplies and related software and support services.

The company also provides high-performance computing and data center infrastructure, including systems designed for artificial intelligence, machine learning, cloud computing, enterprise applications, telecommunications and edge computing.