Super Micro Computer (NASDAQ:SMCI – Get Free Report) had its target price boosted by Bank of America from $38.00 to $39.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has an “underperform” rating on the stock. Bank of America‘s target price would suggest a potential upside of 24.24% from the stock’s current price.
A number of other brokerages have also recently issued reports on SMCI. Northland Securities set a $36.00 price objective on Super Micro Computer in a research note on Wednesday, July 22nd. Needham & Company LLC restated a “buy” rating and set a $46.00 target price on shares of Super Micro Computer in a report on Wednesday, August 12th. Wedbush upped their price target on shares of Super Micro Computer from $34.00 to $40.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 12th. Sanford C. Bernstein set a $42.00 price target on shares of Super Micro Computer in a research report on Thursday, August 13th. Finally, Zacks Research downgraded shares of Super Micro Computer from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 12th. Five analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $45.60.
Get Our Latest Research Report on SMCI
Super Micro Computer Price Performance
NASDAQ:SMCI opened at $31.39 on Wednesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.07 and a current ratio of 3.87. The stock’s 50-day simple moving average is $38.02 and its 200 day simple moving average is $32.70. The company has a market cap of $20.62 billion, a P/E ratio of 9.81, a P/E/G ratio of 0.48 and a beta of 2.17. Super Micro Computer has a 52-week low of $19.48 and a 52-week high of $51.40.
Super Micro Computer (NASDAQ:SMCI – Get Free Report) last issued its quarterly earnings results on Tuesday, November 3rd. The company reported $1.81 EPS for the quarter, beating the consensus estimate of $1.23 by $0.58. Super Micro Computer had a return on equity of 27.83% and a net margin of 5.71%. The firm had revenue of $19.95 billion during the quarter, compared to analysts’ expectations of $17.53 billion. During the same period in the prior year, the firm posted $0.35 earnings per share. The business’s quarterly revenue was up 297.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Super Micro Computer will post 4.17 EPS for the current fiscal year.
Insider Buying and Selling
In related news, Director Chiu-Chu Liang sold 100,000 shares of the stock in a transaction 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 owned 337,506 shares in the company, valued at approximately $15,194,520.12. This represents a 22.86% decrease in their position. The transaction was disclosed in a legal filing 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, CEO Charles Liang sold 100,000 shares of the firm’s stock in a transaction on Wednesday, October 7th. The shares were sold at an average price of $45.02, for a total value of $4,502,000.00. Following the sale, the chief executive officer directly owned 337,506 shares of the company’s stock, valued at $15,194,520.12. This represents a 22.86% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 400,000 shares of company stock worth $16,442,000 over the last three months. 16.10% of the stock is owned by insiders.
Institutional Trading of Super Micro Computer
Several hedge funds and other institutional investors have recently modified their holdings of SMCI. Dimensional Fund Advisors LP raised its holdings in Super Micro Computer by 2.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,082,780 shares of the company’s stock valued at $92,872,000 after acquiring an additional 111,388 shares during the period. Assenagon Asset Management S.A. grew its position in shares of Super Micro Computer by 1,770.4% in the second quarter. Assenagon Asset Management S.A. now owns 2,174,863 shares of the company’s stock valued at $63,789,000 after purchasing an additional 2,058,588 shares during the last quarter. Swiss National Bank grew its position in shares of Super Micro Computer by 7.6% in the first quarter. Swiss National Bank now owns 1,576,800 shares of the company’s stock valued at $35,904,000 after purchasing an additional 111,100 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Super Micro Computer by 1.8% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,158,768 shares of the company’s stock valued at $47,591,000 after purchasing an additional 19,942 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Super Micro Computer by 1.3% during the first quarter. Principal Financial Group Inc. now owns 565,746 shares of the company’s stock worth $12,882,000 after purchasing an additional 7,373 shares during the period. Institutional investors own 84.06% of the company’s stock.
More Super Micro Computer News
Here are the key news stories impacting Super Micro Computer this week:
- Positive Sentiment: Results substantially beat expectations: Revenue reached $19.95 billion, up nearly 298% year over year and above analysts’ estimates of $17.53 billion. Adjusted earnings of $1.81 per share also topped consensus of about $1.23–$1.24. Article: Super Micro Computer Beats Q1 Earnings and Revenue Estimates
- Positive Sentiment: Guidance points to sustained AI demand: The company forecast next-quarter revenue of about $20.5 billion at the midpoint, above analyst expectations, and raised its full-year outlook. Executives said an individual AI deployment can now exceed the size of a quarter’s revenue a year ago. Article: Executive Says a Single AI Order Can Exceed a Year-Ago Quarter
- Positive Sentiment: Analyst reaction added support: One analyst described the earnings report as among the season’s strongest, as the figures offered fresh evidence of robust spending on AI infrastructure. Article: Analyst Calls SMCI Print One of the Best of the Season
- Neutral Sentiment: Recent volatility is a backdrop: SMCI had been caught in a broader AI-hardware selloff, with shares down over the prior week despite the company’s preliminary revenue beat. The earnings report may ease concerns about demand, but sector sentiment remains a factor. Article: Super Micro Sinks Despite a Revenue Beat
- Negative Sentiment: Margins and cash use warrant attention: Gross margin declined to 12.7% from 17.5% in the prior quarter, while higher inventory and receivables contributed to cash outflow. If rapid growth requires heavy working-capital investment or margins weaken further, it could temper the positive earnings reaction. Article: Supermicro Sales Quadruple as Cash Drains
About Super Micro Computer
Super Micro Computer, Inc develops and sells high-performance server and storage systems for data centers, cloud computing, enterprise IT, telecommunications, and other demanding computing environments. The company offers application-optimized servers, workstations, blade and rack systems, storage solutions, networking products, and related infrastructure.
Supermicro also provides systems designed for artificial intelligence, machine learning, accelerated computing, and other workloads that use graphics processing units and specialized processors.
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