Super Micro Computer (NASDAQ:SMCI) Shares Up 10.4% – Here’s Why

Super Micro Computer, Inc. (NASDAQ:SMCI)’s share price rose 10.4% during mid-day trading on Thursday . The company traded as high as $30.91 and last traded at $30.66. Approximately 67,722,672 shares traded hands during trading, an increase of 60% from the average session volume of 42,393,703 shares. The stock had previously closed at $27.78.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SMCI. Needham & Company LLC reissued a “buy” rating and issued a $40.00 price target on shares of Super Micro Computer in a research report on Wednesday, May 6th. Raymond James Financial decreased their price objective on shares of Super Micro Computer from $45.00 to $39.00 in a report on Friday, June 12th. Citigroup reiterated a “neutral” rating and issued a $31.00 target price (up from $25.00) on shares of Super Micro Computer in a research note on Wednesday, May 6th. Argus reiterated a “hold” rating on shares of Super Micro Computer in a report on Friday, March 20th. Finally, Mizuho boosted their target price on shares of Super Micro Computer from $36.00 to $44.00 and gave the stock a “neutral” rating in a research report on Monday, June 1st. Four analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $38.57.

Super Micro Computer Stock Performance

The business has a 50-day moving average price of $33.03 and a 200-day moving average price of $31.10. The company has a quick ratio of 1.29, a current ratio of 2.66 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $18.44 billion, a P/E ratio of 16.22, a PEG ratio of 0.51 and a beta of 1.87.

Super Micro Computer (NASDAQ:SMCI) last issued its earnings results on Tuesday, May 5th. The company reported $0.84 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $10.24 billion during the quarter, compared to analysts’ expectations of $12.39 billion. During the same period last year, the business earned $0.31 earnings per share. Super Micro Computer’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. Analysts anticipate that Super Micro Computer, Inc. will post 2.11 earnings per share for the current year.

Institutional Investors Weigh In On Super Micro Computer

Institutional investors have recently added to or reduced their stakes in the stock. CI Investments Inc. increased its stake in shares of Super Micro Computer by 12.1% in the 3rd quarter. CI Investments Inc. now owns 3,001 shares of the company’s stock valued at $144,000 after acquiring an additional 324 shares during the last quarter. MCF Advisors LLC boosted its stake in Super Micro Computer by 9.6% during the 4th quarter. MCF Advisors LLC now owns 3,696 shares of the company’s stock worth $108,000 after acquiring an additional 325 shares during the last quarter. CIBC Private Wealth Group LLC grew its holdings in Super Micro Computer by 11.8% during the third quarter. CIBC Private Wealth Group LLC now owns 3,206 shares of the company’s stock valued at $154,000 after purchasing an additional 339 shares during the period. City State Bank grew its holdings in Super Micro Computer by 4.9% during the fourth quarter. City State Bank now owns 7,500 shares of the company’s stock valued at $220,000 after purchasing an additional 350 shares during the period. Finally, World Equity Group Inc. raised its holdings in Super Micro Computer by 3.8% in the first 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. 84.06% of the stock is owned by institutional investors and hedge funds.

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.