Super Micro Computer (NASDAQ:SMCI) Shares Up 2.3% – What’s Next?

by · The Cerbat Gem

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI – Get Free Report) were up 2.3% during mid-day trading on Wednesday . The stock traded as high as $33.71 and last traded at $33.68. Approximately 16,134,483 shares changed hands during mid-day trading, a decline of 66% from the average daily volume of 47,104,879 shares. The stock had previously closed at $32.92.

Analysts Set New Price Targets

Several brokerages recently commented on SMCI. Northland Securities set a $63.00 price objective on Super Micro Computer in a research note on Wednesday, November 5th. Raymond James Financial cut their price objective on Super Micro Computer from $53.00 to $50.00 and set an “outperform” rating on the stock in a report on Wednesday, November 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Super Micro Computer in a research note on Monday. Argus set a $64.00 target price on shares of Super Micro Computer in a report on Thursday, November 6th. Finally, Rosenblatt Securities reduced their price target on shares of Super Micro Computer from $60.00 to $55.00 and set a “buy” rating for the company in a report on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Super Micro Computer presently has an average rating of “Hold” and an average target price of $48.38.

Get Our Latest Report on Super Micro Computer

Super Micro Computer Stock Performance

The firm has a market cap of $20.11 billion, a price-to-earnings ratio of 26.94, a price-to-earnings-growth ratio of 0.68 and a beta of 1.52. The stock’s 50 day moving average is $45.22 and its 200 day moving average is $45.86. The company has a current ratio of 5.39, a quick ratio of 2.95 and a debt-to-equity ratio of 0.72.

Super Micro Computer (NASDAQ:SMCI – Get Free Report) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.11). Super Micro Computer had a return on equity of 12.70% and a net margin of 3.77%.The firm had revenue of $5.02 billion for the quarter, compared to the consensus estimate of $6.48 billion. During the same quarter in the prior year, the firm earned $0.73 EPS. The company’s revenue was down 15.5% on a year-over-year basis. Super Micro Computer has set its Q2 2026 guidance at 0.460-0.540 EPS. Analysts anticipate that Super Micro Computer, Inc. will post 1.86 earnings per share for the current year.

Insider Buying and Selling at Super Micro Computer

In other news, CFO David E. Weigand sold 25,000 shares of the business’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $45.14, for a total value of $1,128,500.00. Following the completion of the sale, the chief financial officer owned 100,188 shares of the company’s stock, valued at approximately $4,522,486.32. The trade was a 19.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 16.30% of the company’s stock.

Institutional Trading of Super Micro Computer

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Anfield Capital Management LLC acquired a new position in Super Micro Computer during the 2nd quarter worth approximately $25,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Super Micro Computer during the second quarter worth $25,000. Armstrong Advisory Group Inc. acquired a new position in shares of Super Micro Computer during the third quarter worth $29,000. Hazlett Burt & Watson Inc. increased its holdings in shares of Super Micro Computer by 68.6% during the third quarter. Hazlett Burt & Watson Inc. now owns 661 shares of the company’s stock worth $31,000 after buying an additional 269 shares in the last quarter. Finally, Beaird Harris Wealth Management LLC bought a new position in shares of Super Micro Computer in the 1st quarter valued at $34,000. Institutional investors and hedge funds own 84.06% of the company’s stock.

Super Micro Computer Company Profile

(Get Free Report)

Super Micro Computer, Inc, together with its subsidiaries, develops and manufactures high performance server and storage solutions based on modular and open architecture in the United States, Europe, Asia, and internationally. Its solutions range from complete server, storage systems, modular blade servers, blades, workstations, full racks, networking devices, server sub-systems, server management software, and security software.

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