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

Super Micro Computer, Inc. (NASDAQ:SMCI) shares gapped up before the market opened on Monday . The stock had previously closed at $30.66, but opened at $32.33. Super Micro Computer shares last traded at $34.4180, with a volume of 39,608,330 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Argus restated a “hold” rating on shares of Super Micro Computer in a report on Friday, March 20th. Barclays decreased their target price on shares of Super Micro Computer from $38.00 to $34.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 6th. The Goldman Sachs Group reissued a “sell” rating on shares of Super Micro Computer in a report on Wednesday, May 6th. Wedbush dropped their price target on Super Micro Computer from $42.00 to $34.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 6th. Finally, Bank of America cut their price objective on Super Micro Computer from $34.00 to $24.00 and set an “underperform” rating for the company in a report on Tuesday, March 24th. Four analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $38.57.

Super Micro Computer Trading Up 18.9%

The firm has a market capitalization of $21.93 billion, a PE ratio of 19.13, a PEG ratio of 0.51 and a beta of 1.86. 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 stock’s fifty day simple moving average is $33.03 and its 200 day simple moving average is $31.09.

Super Micro Computer (NASDAQ:SMCI) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.21. Super Micro Computer had a net margin of 3.70% and a return on equity of 17.49%. The business had revenue of $10.24 billion for the quarter, compared to analysts’ expectations of $12.39 billion. During the same quarter last year, the company posted $0.31 EPS. The company’s 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. On average, sell-side analysts predict that Super Micro Computer, Inc. will post 2.11 earnings per share for the current year.

Institutional Trading of Super Micro Computer

A number of hedge funds and other institutional investors have recently bought and sold shares of SMCI. Geode Capital Management LLC grew its stake in shares of Super Micro Computer by 0.3% during the 4th 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 period. Invesco Ltd. lifted its holdings in Super Micro Computer by 21.2% during the fourth quarter. Invesco Ltd. now owns 9,953,780 shares of the company’s stock valued at $291,347,000 after purchasing an additional 1,738,749 shares in the last quarter. Disciplined Growth Investors Inc. MN boosted its position in shares of Super Micro Computer by 16.5% in the second quarter. Disciplined Growth Investors Inc. MN now owns 9,730,773 shares of the company’s stock worth $476,905,000 after purchasing an additional 1,381,046 shares during the period. Norges Bank bought a new position in shares of Super Micro Computer in the fourth quarter worth approximately $136,569,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of Super Micro Computer by 2.8% in the first quarter. Dimensional Fund Advisors LP now owns 4,082,780 shares of the company’s stock worth $92,872,000 after purchasing an additional 111,388 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 (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.