Super Micro Computer (NASDAQ:SMCI) Trading Up 5.6% – Here’s What Happened

Super Micro Computer, Inc. (NASDAQ:SMCI)’s share price was up 5.6% on Monday . The stock traded as high as $44.74 and last traded at $43.99. Approximately 31,252,442 shares traded hands during mid-day trading, a decline of 18% from the average daily volume of 37,969,430 shares. The stock had previously closed at $41.64.

Analyst Upgrades and Downgrades

SMCI has been the subject of several analyst reports. Wall Street Zen raised Super Micro Computer from a “sell” rating to a “hold” rating in a research note on Sunday, February 15th. Northland Securities upped their price objective on Super Micro Computer from $22.00 to $34.00 in a research note on Wednesday, May 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Super Micro Computer in a research note on Friday, March 27th. Bank of America reduced their price objective on Super Micro Computer from $34.00 to $24.00 and set an “underperform” rating for the company in a research note on Tuesday, March 24th. Finally, The Goldman Sachs Group reaffirmed a “sell” rating on shares of Super Micro Computer in a research note on Wednesday, May 6th. Four equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Super Micro Computer has an average rating of “Hold” and an average target price of $39.00.

Super Micro Computer Trading Up 5.6%

The company has a current ratio of 2.66, a quick ratio of 1.29 and a debt-to-equity ratio of 0.88. The company has a 50 day simple moving average of $31.02 and a 200 day simple moving average of $31.13. The stock has a market capitalization of $26.46 billion, a PE ratio of 23.28, a P/E/G ratio of 0.69 and a beta of 1.87.

Super Micro Computer (NASDAQ:SMCI) last released its earnings results on Tuesday, May 5th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $10.24 billion for the quarter, compared to analysts’ expectations of $12.39 billion. During the same quarter in the previous year, the firm posted $0.31 EPS. The firm’s quarterly revenue 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. Analysts predict that Super Micro Computer, Inc. will post 2.12 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Super Micro Computer

Several institutional investors and hedge funds have recently added to or reduced their stakes in SMCI. Advisors Asset Management Inc. acquired a new position in Super Micro Computer during the 1st quarter worth approximately $39,000. EverSource Wealth Advisors LLC increased its position in Super Micro Computer by 42.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,479 shares of the company’s stock worth $171,000 after purchasing an additional 1,036 shares during the period. Baird Financial Group Inc. increased its position in Super Micro Computer by 54.9% during the 2nd quarter. Baird Financial Group Inc. now owns 18,955 shares of the company’s stock worth $929,000 after purchasing an additional 6,718 shares during the period. Flow Traders U.S. LLC acquired a new position in Super Micro Computer during the 2nd quarter worth approximately $277,000. Finally, Daiwa Securities Group Inc. increased its position in Super Micro Computer by 3.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 85,647 shares of the company’s stock worth $4,198,000 after purchasing an additional 2,799 shares during the period. Institutional investors and hedge funds 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.