Super Micro Computer (NASDAQ:SMCI) Stock Price Up 10.4% – Here’s What Happened

Super Micro Computer, Inc. (NASDAQ:SMCI) shares shot up 10.4% during trading on Thursday . The company traded as high as $30.91 and last traded at $30.66. 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 Analyst Weigh In

Several equities research analysts have recently weighed in on SMCI shares. Mizuho upped their price objective on Super Micro Computer from $36.00 to $44.00 and gave the company a “neutral” rating in a research note on Monday, June 1st. Wolfe Research started coverage on Super Micro Computer in a research report on Thursday, June 11th. They set a “peer perform” rating for the company. JPMorgan Chase & Co. boosted their price target on Super Micro Computer from $28.00 to $32.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Wedbush dropped their price objective on Super Micro Computer from $42.00 to $34.00 and set a “neutral” rating for the company in a research note on Wednesday, May 6th. Finally, Citigroup reissued a “neutral” rating and set a $31.00 price objective (up from $25.00) on shares of Super Micro Computer in a report on Wednesday, May 6th. Four investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $38.57.

Super Micro Computer Stock Up 10.4%

The company has a market cap of $18.44 billion, a P/E ratio of 16.22, a PEG ratio of 0.49 and a beta of 1.87. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.66 and a quick ratio of 1.29. The business’s 50 day moving average price is $32.72 and its 200-day moving average price is $31.13.

Super Micro Computer (NASDAQ:SMCI) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $10.24 billion for the quarter, compared to analyst estimates of $12.39 billion. During the same period in the prior year, the company earned $0.31 EPS. Super Micro Computer’s revenue for the quarter was up 122.7% on a year-over-year basis. Super Micro Computer has set its Q4 2026 guidance at 0.650-0.790 EPS. On average, analysts anticipate that Super Micro Computer, Inc. will post 2.11 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Super Micro Computer

A number of hedge funds have recently added to or reduced their stakes in the stock. Flagship Harbor Advisors LLC acquired a new stake in Super Micro Computer in the 4th quarter valued at about $25,000. Elyxium Wealth LLC acquired a new position in shares of Super Micro Computer during the fourth quarter worth approximately $26,000. Arax Advisory Partners bought a new stake in shares of Super Micro Computer during the fourth quarter valued at approximately $28,000. SHP Wealth Management bought a new stake in shares of Super Micro Computer during the fourth quarter valued at approximately $29,000. Finally, Concord Wealth Partners increased its holdings in shares of Super Micro Computer by 2,564.1% in the fourth quarter. Concord Wealth Partners now owns 1,039 shares of the company’s stock valued at $30,000 after purchasing an additional 1,000 shares in the last quarter. Institutional investors own 84.06% of the company’s stock.

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.