Super Micro Computer (NASDAQ:SMCI) Shares Climb 2.1% – What’s Next?

Super Micro Computer, Inc. (NASDAQ:SMCI) shot up 2.1% during mid-day trading on Thursday. The company traded as high as $42.02 and last traded at $41.92. Approximately 26,377,542 shares were traded during mid-day trading, a decline of 40% from the average session volume of 44,175,227 shares. The stock had previously closed at $41.07.

Wall Street Analysts Forecast Growth

SMCI has been the topic of several research analyst reports. Stifel Nicolaus set a $42.00 price target on Super Micro Computer in a research report on Wednesday, August 12th. Bank of America restated an “underperform” rating on shares of Super Micro Computer in a research report on Wednesday, August 12th. Zacks Research raised shares of Super Micro Computer from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Super Micro Computer in a research report on Monday, September 21st. Finally, Northland Securities set a $36.00 price objective on shares of Super Micro Computer in a research note on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have given 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 an average rating of “Hold” and a consensus price target of $42.13.

Super Micro Computer Trading Up 2.1%

The company has a fifty day moving average of $36.22 and a two-hundred day moving average of $32.28. 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 stock has a market capitalization of $27.54 billion, a price-to-earnings ratio of 13.10, a P/E/G ratio of 0.79 and a beta of 2.00.

Super Micro Computer (NASDAQ:SMCI) last announced its quarterly earnings data 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 analysts’ expectations of $11.60 billion. Super Micro Computer had a net margin of 5.71% and a return on equity of 27.83%. Super Micro Computer’s revenue was up 93.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.31 EPS. Super Micro Computer has set its Q1 2027 guidance at 1.010-1.100 EPS. On average, research analysts expect that Super Micro Computer, Inc. will post 3.94 EPS for the current year.

Insider Activity at Super Micro Computer

In related news, CEO Charles Liang sold 100,000 shares of Super Micro Computer stock in a transaction that occurred 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 sale, the chief executive officer directly owned 537,506 shares in the company, valued at $19,989,848.14. The trade was a 15.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Chiu-Chu Liang sold 100,000 shares of the business’s 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. 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. 16.10% of the stock is owned by company insiders.

Institutional Trading of Super Micro Computer

Several institutional investors and hedge funds have recently modified their holdings of SMCI. MCF Advisors LLC grew its position in Super Micro Computer by 9.6% during the fourth quarter. MCF Advisors LLC now owns 3,696 shares of the company’s stock worth $108,000 after buying an additional 325 shares in the last quarter. World Equity Group Inc. grew its holdings in shares of Super Micro Computer by 3.8% during 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 in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Super Micro Computer by 0.5% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 117,205 shares of the company’s stock valued at $2,669,000 after purchasing an additional 564 shares during the period. Focused Wealth Management Inc increased its position in shares of Super Micro Computer by 3.3% during the first quarter. Focused Wealth Management Inc now owns 21,245 shares of the company’s stock valued at $484,000 after purchasing an additional 677 shares during the period. Finally, Redwood Wealth Management Group LLC boosted its position in shares of Super Micro Computer by 8.8% during the 1st quarter. Redwood Wealth Management Group LLC now owns 9,725 shares of the company’s stock valued at $221,000 after acquiring an additional 785 shares in the last quarter. Hedge funds and other institutional investors own 84.06% of the company’s stock.

About Super Micro Computer

Super Micro Computer, Inc develops and sells application-optimized server and storage systems for data centers, cloud computing, enterprise IT, artificial intelligence, and other demanding computing environments. The company offers complete computing platforms as well as modular components, allowing customers to configure systems for specific performance, power, and workload requirements.

Its product portfolio includes server and storage systems, workstations, networking equipment, rack-scale solutions, GPU and AI systems, and related software and services.