Super Micro Computer (NASDAQ:SMCI) Stock Rating Raised to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Super Micro Computer (NASDAQ:SMCI) from a hold rating to a strong-buy rating in a report released on Tuesday morning,Zacks reports.

Other equities research analysts have also recently issued research reports about the company. Northland Securities set a $36.00 price objective on Super Micro Computer in a research note on Wednesday, July 22nd. The Goldman Sachs Group reaffirmed a “sell” rating and set a $34.00 target price (up from $30.00) on shares of Super Micro Computer in a research report on Wednesday, August 12th. Raymond James Financial reiterated an “outperform” rating and issued a $65.00 target price on shares of Super Micro Computer in a report on Wednesday, November 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Super Micro Computer in a report on Monday, September 21st. Finally, Sanford C. Bernstein set a $42.00 price target on shares of Super Micro Computer in a research report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Super Micro Computer has an average rating of “Hold” and an average price target of $41.29.

Super Micro Computer Stock Performance

Shares of SMCI opened at $30.43 on Tuesday. Super Micro Computer has a one year low of $19.48 and a one year high of $51.40. The company has a market cap of $20.06 billion, a PE ratio of 6.49, a P/E/G ratio of 0.31 and a beta of 2.17. The stock has a 50-day moving average of $36.96 and a 200-day moving average of $32.61. The company has a debt-to-equity ratio of 0.56, a current ratio of 3.02 and a quick ratio of 1.66.

Super Micro Computer (NASDAQ:SMCI) last posted its quarterly earnings results on Tuesday, November 3rd. The company reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.53. Super Micro Computer had a return on equity of 38.97% and a net margin of 6.77%. The business had revenue of $19.95 billion for the quarter, compared to the consensus estimate of $16.29 billion. During the same period in the prior year, the business earned $0.35 EPS. The firm’s revenue for the quarter was up 297.5% on a year-over-year basis. On average, equities research analysts predict that Super Micro Computer will post 5.90 EPS for the current fiscal year.

Insider Activity at Super Micro Computer

In other Super Micro Computer news, CEO Charles Liang sold 100,000 shares of Super Micro Computer stock in a transaction dated Wednesday, October 7th. The stock was sold at an average price of $45.02, for a total transaction of $4,502,000.00. Following the completion of the transaction, the chief executive officer owned 337,506 shares in the company, valued at approximately $15,194,520.12. The trade was a 22.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Chiu-Chu Liang sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 7th. The stock was sold at an average price of $45.02, for a total value of $4,502,000.00. Following the sale, the director directly owned 337,506 shares of the company’s stock, valued at $15,194,520.12. This represents a 22.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 400,000 shares of company stock valued at $16,442,000. 16.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Super Micro Computer

Several institutional investors have recently bought and sold shares of the stock. Quantinno Capital Management LP boosted its holdings in Super Micro Computer by 49.0% during the 1st quarter. Quantinno Capital Management LP now owns 155,225 shares of the company’s stock worth $3,534,000 after acquiring an additional 51,049 shares during the last quarter. Sei Investments Co. grew its stake in shares of Super Micro Computer by 134.8% in the 1st quarter. Sei Investments Co. now owns 144,238 shares of the company’s stock worth $3,284,000 after acquiring an additional 82,820 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of Super Micro Computer in the 1st quarter worth $1,353,000. Czech National Bank raised its holdings in shares of Super Micro Computer by 16.9% in the second quarter. Czech National Bank now owns 160,189 shares of the company’s stock valued at $4,698,000 after purchasing an additional 23,158 shares during the last quarter. Finally, Militia Capital Management LLC purchased a new stake in shares of Super Micro Computer in the first quarter valued at about $488,000. Institutional investors own 84.06% of the company’s stock.

Key Super Micro Computer News

Here’s some of the latest news about SMCI:

• Positive Sentiment: Super Micro said its H15 server portfolio, powered by AMD’s 6th Gen EPYC processors, is now shipping. The systems target cloud, high-performance computing and AI workloads, and the company highlighted benchmark records and improvements including up to 33% more cores and twice the PCIe bandwidth. Commercial shipments could help it capture continued AI infrastructure demand. Article: Supermicro Now Shipping Next-Generation Servers Powered by 6th Gen AMD EPYC CPUs
• Positive Sentiment: CoreWeave’s stronger results and improved outlook provided a lift to sentiment around Super Micro, which supplies AI-server infrastructure to the cloud-computing company. Article: Super Micro stock jumps as AMD server shipments and CoreWeave lift shares
• Negative Sentiment: Reports of regulatory scrutiny over whether Super Micro servers containing Nvidia chips were rented to China’s Moonshot AI raise potential export-control and compliance risks. Article: Super Micro Unveils H15 Servers as Export Scrutiny Draws Focus

About Super Micro Computer

Super Micro Computer, Inc. designs and sells server and storage systems, networking equipment, and related software and services. Its offerings include systems for data centers, cloud computing, enterprise applications, high-performance computing, artificial intelligence, and edge computing. The company emphasizes application-optimized solutions, including integrated rack-scale systems that combine computing, storage, networking, and management tools. It also provides system configuration, deployment, and support services.