Super Micro Computer (NASDAQ:SMCI) Trading 2.4% Higher – Should You Buy?

Super Micro Computer, Inc. (NASDAQ:SMCI) traded up 2.4% during mid-day trading on Thursday . The stock traded as high as $38.22 and last traded at $37.87. 34,158,211 shares traded hands during trading, a decline of 24% from the average session volume of 44,863,086 shares. The stock had previously closed at $37.00.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SMCI. Citigroup increased their price target on shares of Super Micro Computer from $33.00 to $39.00 and gave the company a “neutral” rating in a report on Wednesday, August 12th. Sanford C. Bernstein set a $42.00 price objective on Super Micro Computer in a research report on Thursday, August 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Super Micro Computer in a research note on Wednesday, June 24th. Zacks Research upgraded Super Micro Computer from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 20th. Finally, Wolfe Research assumed coverage on Super Micro Computer in a research report on Thursday, June 11th. They set a “peer perform” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $42.13.

Super Micro Computer Stock Up 2.4%

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 company’s fifty day moving average price is $31.34 and its 200-day moving average price is $31.12. The stock has a market cap of $22.78 billion, a P/E ratio of 11.83, a price-to-earnings-growth ratio of 0.69 and a beta of 2.00.

Super Micro Computer (NASDAQ:SMCI) last issued its quarterly earnings results on Tuesday, August 11th. The company reported $1.70 EPS for the quarter, beating the consensus estimate of $0.92 by $0.78. Super Micro Computer had a net margin of 5.71% and a return on equity of 27.83%. The company had revenue of $11.12 billion for the quarter, compared to the consensus estimate of $11.60 billion. During the same period in the prior year, the firm posted $0.31 EPS. The firm’s revenue was up 93.2% compared to the same quarter last year. Super Micro Computer has set its Q1 2027 guidance at 1.010-1.100 EPS. Equities analysts forecast that Super Micro Computer, Inc. will post 4.04 EPS for the current year.

Institutional Investors Weigh In On Super Micro Computer

Several hedge funds and other institutional investors have recently modified their holdings of SMCI. Elyxium Wealth LLC bought a new stake in shares of Super Micro Computer during the 4th quarter worth approximately $26,000. Arax Advisory Partners bought a new position in Super Micro Computer in the 4th quarter valued at $28,000. SHP Wealth Management bought a new position in Super Micro Computer in the 4th quarter valued at $29,000. Banque Cantonale Vaudoise purchased a new stake in Super Micro Computer in the first quarter worth $37,000. Finally, Peterson Wealth Services lifted its position in shares of Super Micro Computer by 273.6% during the fourth quarter. Peterson Wealth Services now owns 1,274 shares of the company’s stock worth $37,000 after purchasing an additional 933 shares during the last quarter. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

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.