Super Micro Computer’s (SMCI) Buy Rating Reiterated at Rosenblatt Securities

Super Micro Computer (NASDAQ:SMCI)‘s stock had its “buy” rating reiterated by analysts at Rosenblatt Securities in a research report issued on Friday, October 16th, Benzinga reports. They currently have a $51.00 price target on the stock. Rosenblatt Securities‘s target price would suggest a potential upside of 53.18% from the company’s current price.

A number of other analysts also recently issued reports on the stock. Stifel Nicolaus set a $42.00 price objective on shares of Super Micro Computer in a report on Wednesday, August 12th. Northland Securities set a $36.00 price objective on shares of Super Micro Computer in a report on Wednesday, July 22nd. Needham & Company LLC reaffirmed a “buy” rating and set a $46.00 price objective on shares of Super Micro Computer in a report on Wednesday, August 12th. Wedbush lifted their price objective on shares of Super Micro Computer from $34.00 to $40.00 and gave the stock a “neutral” rating in a report on Wednesday, August 12th. Finally, Citigroup reiterated a “neutral” rating and issued a $45.00 target price (up from $39.00) on shares of Super Micro Computer in a research report on Thursday, October 8th. Four equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Super Micro Computer presently has an average rating of “Hold” and an average target price of $43.07.

Super Micro Computer Price Performance

NASDAQ:SMCI traded up $0.35 during trading hours on Friday, hitting $33.29. The stock had a trading volume of 8,588,157 shares, compared to its average volume of 43,469,914. The company has a 50 day simple moving average of $38.58 and a two-hundred day simple moving average of $33.88. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.87 and a quick ratio of 2.07. Super Micro Computer has a one year low of $19.48 and a one year high of $54.08. The firm has a market capitalization of $21.87 billion, a price-to-earnings ratio of 10.40, a P/E/G ratio of 0.51 and a beta of 2.02.

Super Micro Computer (NASDAQ:SMCI) last announced 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 firm had revenue of $11.12 billion during the quarter, compared to the consensus estimate of $11.60 billion. During the same period last year, the firm earned $0.31 EPS. The business’s quarterly 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. Research analysts forecast that Super Micro Computer will post 4.17 earnings per share for the current fiscal year.

Insider Transactions at Super Micro Computer

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

Hedge Funds Weigh In On Super Micro Computer

Hedge funds and other institutional investors have recently modified their holdings of the stock. Quantinno Capital Management LP increased its position in shares of Super Micro Computer by 49.0% during the first quarter. Quantinno Capital Management LP now owns 155,225 shares of the company’s stock valued at $3,534,000 after buying an additional 51,049 shares during the period. Sei Investments Co. increased its position in shares of Super Micro Computer by 134.8% during the first quarter. Sei Investments Co. now owns 144,238 shares of the company’s stock valued at $3,284,000 after buying an additional 82,820 shares during the period. Renaissance Technologies LLC bought a new stake in Super Micro Computer during the first quarter worth about $1,353,000. Czech National Bank boosted its stake in Super Micro Computer by 16.9% during the second quarter. Czech National Bank now owns 160,189 shares of the company’s stock worth $4,698,000 after acquiring an additional 23,158 shares in the last quarter. Finally, OP Asset Management Ltd bought a new stake in Super Micro Computer during the first quarter worth about $1,221,000. Hedge funds and other institutional investors own 84.06% of the company’s stock.

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.