Super Micro Computer (NASDAQ:SMCI) Shares Up 7.9% – Still a Buy?

Super Micro Computer, Inc. (NASDAQ:SMCI) shares rose 7.9% during trading on Thursday . The stock traded as high as $28.17 and last traded at $27.73. 37,071,815 shares traded hands during mid-day trading, a decline of 16% from the average session volume of 43,938,918 shares. The stock had previously closed at $25.70.

Analyst Ratings Changes

SMCI has been the subject of several analyst reports. Needham & Company LLC increased their target price on Super Micro Computer from $40.00 to $46.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Rosenblatt Securities set a $45.00 price target on Super Micro Computer and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. Raymond James Financial lowered their price objective on Super Micro Computer from $45.00 to $39.00 in a research report on Friday, June 12th. Northland Securities set a $36.00 price objective on Super Micro Computer in a research note on Wednesday, July 22nd. Finally, The Goldman Sachs Group restated a “sell” rating on shares of Super Micro Computer in a report on Wednesday, May 6th. 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.com, Super Micro Computer presently has an average rating of “Hold” and a consensus target price of $39.21.

Super Micro Computer Trading Up 7.9%

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 moving average price is $32.46 and its two-hundred day moving average price is $30.48. The company has a market capitalization of $16.68 billion, a PE ratio of 14.67, a price-to-earnings-growth ratio of 0.34 and a beta of 1.94.

Super Micro Computer (NASDAQ:SMCI) last announced its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $12.39 billion. Super Micro Computer had a return on equity of 17.49% and a net margin of 3.70%.Super Micro Computer’s revenue was up 122.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.31 EPS. 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 2.1 earnings per share for the current year.

Hedge Funds Weigh In On Super Micro Computer

Several hedge funds have recently made changes to their positions in SMCI. Trust Asset Management LLC purchased a new stake in Super Micro Computer in the second quarter worth $164,000. Tema ETFs LLC increased its position in Super Micro Computer by 10.5% during the 2nd quarter. Tema ETFs LLC now owns 10,663 shares of the company’s stock valued at $313,000 after purchasing an additional 1,015 shares during the period. Redhawk Wealth Advisors Inc. bought a new position in Super Micro Computer in the 2nd quarter worth $253,000. Contravisory Investment Management Inc. purchased a new stake in shares of Super Micro Computer in the 2nd quarter worth about $49,000. Finally, World Equity Group Inc. lifted its position in shares of Super Micro Computer by 21.3% in the 2nd quarter. World Equity Group Inc. now owns 11,977 shares of the company’s stock worth $351,000 after purchasing an additional 2,100 shares during the period. 84.06% of the stock is owned by hedge funds and other institutional investors.

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.