Super Micro Computer (NASDAQ:SMCI) Trading Up 19.8% After Analyst Upgrade

Super Micro Computer, Inc. (NASDAQ:SMCI)’s share price was up 19.8% during trading on Wednesday after Barclays raised their price target on the stock from $34.00 to $38.00. Barclays currently has an equal weight rating on the stock. Super Micro Computer traded as high as $32.28 and last traded at $30.56. 161,865,465 shares changed hands during mid-day trading, an increase of 270% from the average session volume of 43,758,965 shares. The stock had previously closed at $25.50.

Several other research analysts have also issued reports on SMCI. Northland Securities increased their target price on shares of Super Micro Computer from $22.00 to $34.00 in a research note on Wednesday, May 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Super Micro Computer in a research report on Wednesday, June 24th. Mizuho upped their price target on Super Micro Computer from $36.00 to $44.00 and gave the stock a “neutral” rating in a report on Monday, June 1st. Needham & Company LLC raised their price objective on Super Micro Computer from $40.00 to $46.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Super Micro Computer from $28.00 to $32.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Four investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target 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

Hedge Funds Weigh In On Super Micro Computer

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisors Asset Management Inc. bought a new position in Super Micro Computer during the first quarter valued at about $39,000. EverSource Wealth Advisors LLC raised its position in Super Micro Computer by 42.4% in the second quarter. EverSource Wealth Advisors LLC now owns 3,479 shares of the company’s stock worth $171,000 after acquiring an additional 1,036 shares during the period. Baird Financial Group Inc. boosted its stake in Super Micro Computer by 54.9% in the second quarter. Baird Financial Group Inc. now owns 18,955 shares of the company’s stock valued at $929,000 after acquiring an additional 6,718 shares during the last quarter. Flow Traders U.S. LLC purchased a new position in Super Micro Computer in the second quarter valued at about $277,000. Finally, Daiwa Securities Group Inc. boosted its stake in Super Micro Computer by 3.4% in the second quarter. Daiwa Securities Group Inc. now owns 85,647 shares of the company’s stock valued at $4,198,000 after acquiring an additional 2,799 shares during the last quarter. 84.06% of the stock is owned by hedge funds and other institutional investors.

Super Micro Computer Stock Up 19.8%

The stock’s 50-day moving average price is $32.74 and its two-hundred day moving average price is $30.52. The stock has a market capitalization of $18.38 billion, a P/E ratio of 16.17, a P/E/G ratio of 0.32 and a beta of 1.94. The company has a current ratio of 2.66, a quick ratio of 1.29 and a debt-to-equity ratio of 0.88.

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 the consensus estimate of $0.63 by $0.21. The company had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $12.39 billion. Super Micro Computer had a return on equity of 17.49% and a net margin of 3.70%.The firm’s quarterly revenue was up 122.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.31 EPS. Super Micro Computer has set its Q4 2026 guidance at 0.650-0.790 EPS. As a group, research analysts expect that Super Micro Computer, Inc. will post 2.11 earnings per share for the current fiscal year.

Super Micro Computer Company Profile

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.