Elequin Capital LP Buys 57,279 Shares of Super Micro Computer, Inc. $SMCI

Elequin Capital LP grew its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 56.8% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 158,074 shares of the company’s stock after acquiring an additional 57,279 shares during the quarter. Super Micro Computer comprises about 0.4% of Elequin Capital LP’s portfolio, making the stock its 13th biggest holding. Elequin Capital LP’s holdings in Super Micro Computer were worth $7,578,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of SMCI. Anfield Capital Management LLC bought a new stake in Super Micro Computer during the second quarter worth about $25,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Super Micro Computer in the 2nd quarter valued at approximately $25,000. Armstrong Advisory Group Inc. bought a new stake in shares of Super Micro Computer during the 3rd quarter worth approximately $29,000. Hazlett Burt & Watson Inc. boosted its position in shares of Super Micro Computer by 68.6% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 661 shares of the company’s stock worth $31,000 after acquiring an additional 269 shares in the last quarter. Finally, Advisors Asset Management Inc. bought a new position in Super Micro Computer in the first quarter valued at approximately $39,000. Institutional investors own 84.06% of the company’s stock.

Super Micro Computer Price Performance

Shares of SMCI opened at $30.75 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.70 and a debt-to-equity ratio of 0.67. The stock has a market cap of $18.42 billion, a PE ratio of 22.95, a PEG ratio of 0.61 and a beta of 1.52. Super Micro Computer, Inc. has a 12-month low of $27.60 and a 12-month high of $62.36. The business has a 50-day simple moving average of $31.23 and a two-hundred day simple moving average of $37.93.

Super Micro Computer (NASDAQ:SMCI) last announced its quarterly earnings results on Tuesday, February 3rd. The company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.20. The firm had revenue of $12.68 billion for the quarter, compared to analyst estimates of $10.34 billion. Super Micro Computer had a return on equity of 13.22% and a net margin of 3.11%.The business’s revenue for the quarter was up 123.4% on a year-over-year basis. During the same period last year, the firm posted $0.59 earnings per share. Super Micro Computer has set its Q3 2026 guidance at 0.600- EPS. Analysts anticipate that Super Micro Computer, Inc. will post 1.86 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SMCI has been the topic of a number of research analyst reports. Wall Street Zen raised Super Micro Computer from a “sell” rating to a “hold” rating in a report on Sunday, February 15th. Zacks Research raised Super Micro Computer from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Barclays set a $38.00 price target on Super Micro Computer and gave the stock an “equal weight” rating in a report on Wednesday, February 4th. Weiss Ratings restated a “hold (c)” rating on shares of Super Micro Computer in a research report on Monday, December 29th. Finally, Needham & Company LLC decreased their target price on Super Micro Computer from $51.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, February 4th. Five research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Super Micro Computer has an average rating of “Hold” and an average price target of $43.43.

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.