Super Micro Computer (NASDAQ:SMCI) Trading 5.4% Higher – Here’s What Happened

Super Micro Computer, Inc. (NASDAQ:SMCI) shares traded up 5.4% during trading on Monday . The stock traded as high as $41.72 and last traded at $41.20. Approximately 47,666,254 shares traded hands during mid-day trading, an increase of 7% from the average session volume of 44,628,926 shares. The stock had previously closed at $39.09.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Rosenblatt Securities lifted their target price on Super Micro Computer from $45.00 to $51.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. Citigroup raised their price target on shares of Super Micro Computer from $33.00 to $39.00 and gave the company a “neutral” rating in a report on Wednesday, August 12th. Wolfe Research initiated coverage on shares of Super Micro Computer in a research report on Thursday, June 11th. They issued a “peer perform” rating on the stock. Mizuho set a $35.00 target price on shares of Super Micro Computer and gave the company a “neutral” rating in a research report on Wednesday, August 12th. Finally, Needham & Company LLC reissued a “buy” rating and set a $46.00 target price on shares of Super Micro Computer in a research report on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $42.13.

Super Micro Computer Trading Up 1.6%

The company has a current ratio of 3.87, a quick ratio of 2.07 and a debt-to-equity ratio of 0.65. The firm has a market cap of $27.74 billion, a price-to-earnings ratio of 13.02, a PEG ratio of 0.78 and a beta of 2.00. The company has a fifty day moving average price of $34.33 and a 200-day moving average price of $31.85.

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

Insider Activity at Super Micro Computer

In other Super Micro Computer news, 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 transaction, the director owned 537,506 shares of the company’s stock, valued at approximately $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 SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Charles Liang sold 100,000 shares of the stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $37.19, for a total transaction of $3,719,000.00. Following the completion of the sale, the chief executive officer directly owned 537,506 shares of the company’s stock, valued at approximately $19,989,848.14. This trade represents a 15.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 16.10% of the company’s stock.

Institutional Trading of Super Micro Computer

Several hedge funds have recently made changes to their positions in SMCI. MCF Advisors LLC lifted its position in shares of Super Micro Computer by 9.6% during the 4th quarter. MCF Advisors LLC now owns 3,696 shares of the company’s stock valued at $108,000 after buying an additional 325 shares during the last quarter. World Equity Group Inc. grew its position 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 valued at $225,000 after purchasing an additional 362 shares in the last quarter. Gulf International Bank UK Ltd raised its holdings in shares of Super Micro Computer by 1.7% in the 4th quarter. Gulf International Bank UK Ltd now owns 26,748 shares of the company’s stock valued at $783,000 after acquiring an additional 455 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% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 117,205 shares of the company’s stock worth $2,669,000 after purchasing an additional 564 shares during the last quarter. Finally, Focused Wealth Management Inc increased its holdings in shares of Super Micro Computer by 3.3% in the 1st quarter. Focused Wealth Management Inc now owns 21,245 shares of the company’s stock worth $484,000 after buying an additional 677 shares during the last quarter. Institutional investors and hedge funds own 84.06% of the company’s stock.

About Super Micro Computer

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.