Super Micro Computer (NASDAQ:SMCI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Super Micro Computer (NASDAQ:SMCI) from a hold rating to a buy rating in a report published on Saturday,Wall Street Zen reports.

Several other research analysts have also issued reports on SMCI. Needham & Company LLC reiterated a “buy” rating and issued a $46.00 price target on shares of Super Micro Computer in a research note on Wednesday, August 12th. Citigroup reissued a “neutral” rating and set a $45.00 price objective (up from $39.00) on shares of Super Micro Computer in a research note on Thursday, October 8th. Barclays set a $39.00 price objective on shares of Super Micro Computer and gave the stock an “equal weight” rating in a report on Wednesday, August 12th. Zacks Research downgraded shares of Super Micro Computer from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 12th. Finally, Stifel Nicolaus set a $42.00 target price on shares of Super Micro Computer in a research note on Wednesday, August 12th. Four 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. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $43.07.

Super Micro Computer Price Performance

Shares of SMCI stock opened at $30.44 on Friday. The business’s fifty day moving average is $38.10 and its 200 day moving average is $32.69. The company has a quick ratio of 2.07, a current ratio of 3.87 and a debt-to-equity ratio of 0.65. The stock has a market cap of $20.00 billion, a price-to-earnings ratio of 9.51, a PEG ratio of 0.56 and a beta of 2.02. Super Micro Computer has a twelve month low of $19.48 and a twelve month high of $53.01.

Super Micro Computer (NASDAQ:SMCI) last announced its quarterly earnings data 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 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 firm posted $0.31 earnings per share. The company’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. Research analysts expect that Super Micro Computer will post 4.17 EPS for the current fiscal year.

Insider Buying and Selling at Super Micro Computer

In other news, CEO Charles Liang sold 100,000 shares of the firm’s stock in a transaction on Wednesday, October 7th. The stock was sold at an average price of $45.02, for a total transaction of $4,502,000.00. Following the completion of the transaction, the chief executive officer directly owned 337,506 shares in the company, valued at $15,194,520.12. This trade represents a 22.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Chiu-Chu Liang sold 100,000 shares of Super Micro Computer stock in a transaction dated 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 completion of the transaction, the director directly owned 337,506 shares of the company’s stock, valued at approximately $15,194,520.12. This represents a 22.86% decrease in their position. 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. Insiders have sold 400,000 shares of company stock valued at $16,442,000 over the last 90 days. Corporate insiders own 16.10% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SMCI. Heritage Family Offices LLP bought a new stake in Super Micro Computer in the 3rd quarter worth approximately $43,000. Kestra Advisory Services LLC lifted its holdings in shares of Super Micro Computer by 15.2% during the 3rd quarter. Kestra Advisory Services LLC now owns 36,472 shares of the company’s stock valued at $1,498,000 after buying an additional 4,799 shares during the period. Quest 10 Wealth Builders Inc. lifted its holdings in shares of Super Micro Computer by 235.2% during the 3rd quarter. Quest 10 Wealth Builders Inc. now owns 600 shares of the company’s stock valued at $25,000 after buying an additional 421 shares during the period. Commonwealth Equity Services LLC lifted its holdings in shares of Super Micro Computer by 18.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 257,243 shares of the company’s stock valued at $10,565,000 after buying an additional 39,587 shares during the period. Finally, Compass Financial Management LLC boosted its stake in shares of Super Micro Computer by 182.3% in the 3rd quarter. Compass Financial Management LLC now owns 1,705 shares of the company’s stock worth $70,000 after buying an additional 1,101 shares during the last quarter. 84.06% of the stock is owned by hedge funds and other institutional investors.

Super Micro Computer Company Profile

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.