Super Micro Computer (NASDAQ:SMCI) Shares Gap Up on Analyst Upgrade

Super Micro Computer, Inc. (NASDAQ:SMCI) shares gapped up prior to trading on Wednesday after Barclays raised their price target on the stock from $34.00 to $38.00. The stock had previously closed at $25.50, but opened at $28.89. Barclays currently has an equal weight rating on the stock. Super Micro Computer shares last traded at $31.3670, with a volume of 45,674,079 shares traded.

SMCI has been the subject of a number of other reports. Wolfe Research started coverage on shares of Super Micro Computer in a research note on Thursday, June 11th. They set a “peer perform” rating for the company. Citigroup reiterated a “neutral” rating and issued a $33.00 target price (up from $31.00) on shares of Super Micro Computer in a research note on Monday, July 13th. Raymond James Financial cut their price target on shares of Super Micro Computer from $45.00 to $39.00 in a report on Friday, June 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Super Micro Computer in a research report on Wednesday, June 24th. Finally, CJS Securities upgraded shares of Super Micro Computer from a “market underperform” rating to a “market perform” rating in a report on Wednesday, May 6th. Four equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $39.93.

Trending Headlines about Super Micro Computer

Here are the key news stories impacting Super Micro Computer this week:

• Positive Sentiment: Super Micro said it booked more than $60 billion in new orders in fiscal Q4, driving backlog to a record level and signaling powerful demand for its AI infrastructure products. Reuters article
• Positive Sentiment: The company also raised its gross margin outlook to 15%–17% from 8.2%–8.4%, suggesting a much stronger product/customer mix and improved profitability. WSJ article
• Positive Sentiment: The upbeat update also lifted sentiment across AI hardware peers such as Dell and Hewlett Packard Enterprise, reinforcing the view that enterprise AI spending remains strong. Invezz article
• Neutral Sentiment: Revenue for the quarter is still expected to come in near the low end of guidance, which tempers some of the enthusiasm even as margins and backlog improve. Proactive Investors article
• Negative Sentiment: Some investors remain cautious, noting that the revenue shortfall versus consensus and ongoing legal/patent scrutiny could still weigh on the stock if execution slips. Yahoo Finance article

Institutional Trading of Super Micro Computer

Institutional investors have recently made changes to their positions in the stock. Norges Bank bought a new position in Super Micro Computer during the fourth quarter valued at approximately $136,569,000. Assenagon Asset Management S.A. grew its position in shares of Super Micro Computer by 1,770.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 2,174,863 shares of the company’s stock valued at $63,789,000 after acquiring an additional 2,058,588 shares during the period. Invesco Ltd. grew its holdings in Super Micro Computer by 21.2% during the fourth quarter. Invesco Ltd. now owns 9,953,780 shares of the company’s stock valued at $291,347,000 after purchasing an additional 1,738,749 shares during the period. Amundi grew its stake in shares of Super Micro Computer by 188.8% during the 4th quarter. Amundi now owns 2,421,891 shares of the company’s stock valued at $70,889,000 after acquiring an additional 1,583,229 shares during the period. Finally, Disciplined Growth Investors Inc. MN raised its stake in Super Micro Computer by 16.5% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 9,730,773 shares of the company’s stock worth $476,905,000 after acquiring an additional 1,381,046 shares during the period. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Super Micro Computer Stock Performance

The company has a current ratio of 2.66, a quick ratio of 1.29 and a debt-to-equity ratio of 0.88. The company has a market cap of $18.38 billion, a P/E ratio of 16.17, a PEG ratio of 0.32 and a beta of 1.94. The business’s 50 day simple moving average is $32.74 and its 200 day simple moving average is $30.52.

Super Micro Computer (NASDAQ:SMCI) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.21. The business had revenue of $10.24 billion during the quarter, compared to analyst estimates of $12.39 billion. Super Micro Computer had a net margin of 3.70% and a return on equity of 17.49%. The company’s revenue was up 122.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.31 earnings per share. Super Micro Computer has set its Q4 2026 guidance at 0.650-0.790 EPS. Sell-side analysts predict that Super Micro Computer, Inc. will post 2.11 earnings per share for the current fiscal year.

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.