Super Micro Computer (NASDAQ:SMCI) Trading Up 7.3% – Should You Buy?

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) traded up 7.3% during trading on Wednesday . The company traded as high as $28.22 and last traded at $28.17. 36,705,483 shares changed hands during mid-day trading, a decline of 16% from the average session volume of 43,773,695 shares. The stock had previously closed at $26.25.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 target price on shares of Super Micro Computer in a research report on Wednesday, May 6th. Wolfe Research started coverage on shares of Super Micro Computer in a research note on Thursday, June 11th. They set a “peer perform” rating for the company. Argus reaffirmed a “hold” rating on shares of Super Micro Computer in a research report on Friday, March 20th. Barclays dropped their target price on Super Micro Computer from $38.00 to $34.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 6th. Finally, Citigroup reissued a “neutral” rating and set a $31.00 price target (up from $25.00) on shares of Super Micro Computer in a research report on Wednesday, May 6th. Four investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $38.57.

Super Micro Computer Stock Up 0.2%

The firm’s 50 day moving average price is $33.62 and its two-hundred day moving average price is $30.75. The company has a market capitalization of $17.03 billion, a price-to-earnings ratio of 14.98, a price-to-earnings-growth ratio of 0.36 and a beta of 1.94. The company has a current ratio of 2.66, a quick ratio of 1.29 and a debt-to-equity ratio of 0.88.

Super Micro Computer (NASDAQ:SMCI) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.21. The company had revenue of $10.24 billion during the quarter, compared to analysts’ expectations of $12.39 billion. Super Micro Computer had a return on equity of 17.49% and a net margin of 3.70%.The business’s revenue was up 122.7% on a year-over-year basis. During the same period last year, the firm posted $0.31 earnings per share. Super Micro Computer has set its Q4 2026 guidance at 0.650-0.790 EPS. Sell-side analysts anticipate that Super Micro Computer, Inc. will post 2.13 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Super Micro Computer

Several institutional investors and hedge funds have recently modified their holdings of the stock. Norges Bank acquired a new stake in shares of Super Micro Computer during the 4th quarter worth about $136,569,000. Clear Street Group Inc. acquired a new position in Super Micro Computer in the 3rd quarter valued at about $147,631,000. Assenagon Asset Management S.A. grew its stake in Super Micro Computer by 1,770.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 2,174,863 shares of the company’s stock valued at $63,789,000 after buying an additional 2,058,588 shares during the last quarter. Invesco Ltd. raised its holdings in Super Micro Computer by 21.2% in the 4th quarter. Invesco Ltd. now owns 9,953,780 shares of the company’s stock valued at $291,347,000 after acquiring an additional 1,738,749 shares during the period. Finally, Amundi raised its holdings in Super Micro Computer by 188.8% in the 4th quarter. Amundi now owns 2,421,891 shares of the company’s stock valued at $70,889,000 after acquiring an additional 1,583,229 shares during the period. 84.06% of the stock is currently 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.