Shares of Super Micro Computer, Inc. (NASDAQ:SMCI – Get Free Report) traded down 1.5% during trading on Tuesday . The company traded as low as $35.72 and last traded at $36.71. Approximately 25,944,283 shares traded hands during trading, a decline of 42% from the average daily volume of 44,987,133 shares. The stock had previously closed at $37.28.
Analyst Ratings Changes
A number of analysts have recently issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $46.00 price objective on shares of Super Micro Computer in a report on Wednesday, August 12th. CJS Securities upgraded shares of Super Micro Computer from a “market underperform” rating to a “market perform” rating in a report on Wednesday, May 6th. Weiss Ratings restated a “hold (c)” rating on shares of Super Micro Computer in a research note on Wednesday, June 24th. Rosenblatt Securities lifted their price objective on Super Micro Computer from $45.00 to $51.00 and gave the company a “buy” rating in a research report on Wednesday, August 12th. Finally, Wedbush boosted their target price on shares of Super Micro Computer from $34.00 to $40.00 and gave the stock a “neutral” rating in a report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Super Micro Computer has a consensus rating of “Hold” and an average target price of $42.13.
Check Out Our Latest Analysis on SMCI
Super Micro Computer Price Performance
Super Micro Computer (NASDAQ:SMCI – Get Free Report) last announced its earnings results on Tuesday, August 11th. The company reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.78. The business had revenue of $11.12 billion for the quarter, compared to analyst estimates of $11.60 billion. Super Micro Computer had a return on equity of 27.83% and a net margin of 5.71%.The company’s revenue for the quarter was up 93.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.31 earnings per share. Super Micro Computer has set its Q1 2027 guidance at 1.010-1.100 EPS. As a group, equities analysts forecast that Super Micro Computer, Inc. will post 4.04 EPS for the current fiscal year.
Institutional Trading of Super Micro Computer
Several large investors have recently added to or reduced their stakes in the stock. Corient Private Wealth LP raised its stake in Super Micro Computer by 45.7% during the second quarter. Corient Private Wealth LP now owns 31,716 shares of the company’s stock valued at $930,000 after purchasing an additional 9,950 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Super Micro Computer in the 2nd quarter valued at $8,412,000. California State Teachers Retirement System increased its stake in shares of Super Micro Computer by 2,984.2% during the second quarter. California State Teachers Retirement System now owns 25,071,724 shares of the company’s stock worth $735,354,000 after buying an additional 24,258,827 shares during the period. Ameritas Advisory Services LLC acquired a new position in Super Micro Computer during the second quarter worth approximately $319,000. Finally, Saudi Central Bank increased its stake in shares of Super Micro Computer by 99.5% during the second quarter. Saudi Central Bank now owns 39,564 shares of the company’s stock worth $1,160,000 after acquiring an additional 19,733 shares during the period. Institutional investors own 84.06% of the company’s stock.
About Super Micro Computer
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.
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