Super Micro Computer (NASDAQ:SMCI) Stock Jumps 4.2% – Here’s What Happened

Super Micro Computer, Inc. (NASDAQ:SMCI)’s stock price was up 4.2% during trading on Friday. The stock traded as high as $44.59 and last traded at $43.69. 42,753,539 shares traded hands during trading, a decline of 3% from the average session volume of 44,183,992 shares. The stock had previously closed at $41.92.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SMCI. Northland Securities set a $36.00 target price on Super Micro Computer in a research report on Wednesday, July 22nd. Needham & Company LLC reiterated a “buy” rating and set a $46.00 price target on shares of Super Micro Computer in a research report on Wednesday, August 12th. Barclays set a $39.00 price objective on Super Micro Computer and gave the stock an “equal weight” rating in a research note on Wednesday, August 12th. Raymond James Financial restated an “outperform” rating and issued a $48.00 price objective on shares of Super Micro Computer in a report on Wednesday, August 12th. Finally, Bank of America reaffirmed an “underperform” rating on shares of Super Micro Computer in a research note on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $42.13.

Super Micro Computer Stock Up 4.2%

The stock has a fifty day moving average of $36.43 and a 200-day moving average of $32.36. The firm has a market capitalization of $28.70 billion, a price-to-earnings ratio of 13.65, a PEG ratio of 0.79 and a beta of 2.02. The company has a current ratio of 3.87, a quick ratio of 2.07 and a debt-to-equity ratio of 0.65.

Super Micro Computer (NASDAQ:SMCI) last released its quarterly earnings results on Tuesday, August 11th. The company reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.78. Super Micro Computer had a return on equity of 27.83% and a net margin of 5.71%.The business had revenue of $11.12 billion during the quarter, compared to analyst estimates of $11.60 billion. During the same quarter last year, the company posted $0.31 EPS. Super Micro Computer’s revenue for the quarter was up 93.2% on a year-over-year basis. Super Micro Computer has set its Q1 2027 guidance at 1.010-1.100 EPS. As a group, sell-side analysts expect that Super Micro Computer, Inc. will post 3.94 EPS for the current year.

Insider Activity

In other Super Micro Computer news, Director Chiu-Chu Liang sold 100,000 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $37.19, for a total value of $3,719,000.00. Following the completion of the transaction, the director directly owned 537,506 shares in the company, valued at $19,989,848.14. This trade represents a 15.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Charles Liang sold 100,000 shares of Super Micro Computer stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $37.19, for a total transaction of $3,719,000.00. Following the completion of the transaction, the chief executive officer directly owned 537,506 shares in the company, valued at approximately $19,989,848.14. This trade represents a 15.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 16.10% of the company’s stock.

Institutional Investors Weigh In On Super Micro Computer

Institutional investors have recently bought and sold shares of the business. Versant Capital Management Inc boosted its holdings in shares of Super Micro Computer by 321.7% during the third quarter. Versant Capital Management Inc now owns 2,391 shares of the company’s stock worth $98,000 after purchasing an additional 1,824 shares during the period. QRG Capital Management Inc. boosted its holdings in Super Micro Computer by 17.6% in the second quarter. QRG Capital Management Inc. now owns 90,158 shares of the company’s stock worth $2,644,000 after purchasing an additional 13,476 shares in the last quarter. MCF Advisors LLC boosted its stake in shares of Super Micro Computer by 22.8% during the 2nd quarter. MCF Advisors LLC now owns 3,667 shares of the company’s stock worth $108,000 after acquiring an additional 680 shares in the last quarter. National Pension Service boosted its position in Super Micro Computer by 191.7% during the second quarter. National Pension Service now owns 99,868 shares of the company’s stock worth $2,929,000 after purchasing an additional 65,632 shares during the period. Finally, NewEdge Advisors LLC boosted its holdings in shares of Super Micro Computer by 183.5% during the 2nd quarter. NewEdge Advisors LLC now owns 158,321 shares of the company’s stock worth $4,644,000 after buying an additional 102,474 shares during the period. 84.06% of the stock is currently owned by institutional investors and hedge funds.

About Super Micro Computer

Super Micro Computer, Inc develops and sells application-optimized server and storage systems for data centers, cloud computing, enterprise IT, artificial intelligence, and other demanding computing environments. The company offers complete computing platforms as well as modular components, allowing customers to configure systems for specific performance, power, and workload requirements.

Its product portfolio includes server and storage systems, workstations, networking equipment, rack-scale solutions, GPU and AI systems, and related software and services.