The price of Super Micro Computer Inc. (NASDAQ:SMCI) shares last traded on Wall Street fell -8.19% to $254.43.
Based on available information, 8 analysts follow Super Micro Computer Inc. (NASDAQ:SMCI). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $500.00 and a low of $250.00, we find $384.50. Given the previous closing price of $277.12, this indicates a potential upside of 38.75 percent. SMCI stock price is now -6.57% away from the 50-day moving average and 79.41% away from the 200-day moving average. The market capitalization of the company currently stands at $14.55B.
Among analysts, 1 rate the stock a hold while 6 rate it a buy. Brokers who have rated the stock have averaged $368.63 as their price target over the next twelve months.
With the price target of $300, Rosenblatt recently initiated with Buy rating for Super Micro Computer Inc. (NASDAQ: SMCI).
In other news, CHAN SHIU LEUNG, Director bought 4,000 shares of the company’s stock on Aug 11. The stock was bought for $1,062,280 at an average price of $265.57. Upon completion of the transaction, the Director now directly owns 40,917 shares in the company, valued at $10.41 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 27, Director Liu Liang Chiu-Chu Sara sold 963 shares of the business’s stock. A total of $316,880 was realized by selling the stock at an average price of $329.05. This leaves the insider owning 1,827 shares of the company worth $0.46 million. Insiders disposed of 358,131 shares of company stock worth roughly $91.12 million over the past 1 year. A total of 12.80% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SMCI stock. A new stake in Super Micro Computer Inc. shares was purchased by WEDGE CAPITAL MANAGEMENT L L P/NC during the first quarter worth $82,444,000. FENGHE FUND MANAGEMENT PTE. LTD. invested $44,576,000 in shares of SMCI during the first quarter. In the first quarter, CITADEL ADVISORS LLC acquired a new stake in Super Micro Computer Inc. valued at approximately $42,277,000. TRIVEST ADVISORS LTD acquired a new stake in SMCI for approximately $40,658,000. TWINBEECH CAPITAL LP purchased a new stake in SMCI valued at around $23,651,000 in the second quarter.
During the past 12 months, Super Micro Computer Inc. has had a low of $50.28 and a high of $357.00. As of last week, the company has a debt-to-equity ratio of 0.11, a current ratio of 2.50, and a quick ratio of 1.10. According to the stock market information, the enterprise value for the company is $13.20B, which is based on a 22.24 price-to-earnings ratio, a 2.22 price-to-earnings-growth ratio, and a beta of 1.29. The fifty day moving average price for SMCI is $272.93 and a two-hundred day moving average price translates $142.77 for the stock.
The latest earnings results from Super Micro Computer Inc. (NASDAQ: SMCI) was released for Jun, 2023. According to the Computer Hardware Company, earnings per share came in at $3.51, beating analysts’ expectations of $2.96 by 0.55. This compares to $1.43 EPS in the same period last year. The net profit margin was 8.10% and return on equity was 34.90% for SMCI. The company reported revenue of $1.28 billion for the quarter, compared to $1.36 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.33 percent. For the current quarter, analysts expect SMCI to generate $2.06B in revenue.
Super Micro Computer Inc.(SMCI) Company Profile
Super Micro Computer, Inc., together with its subsidiaries, develops and manufactures high performance server and storage solutions based on modular and open architecture in the United States, Europe, Asia, and internationally. Its solutions range from complete server, storage systems, modular blade servers, blades, workstations, full racks, networking devices, server sub-systems, server management software, and security software. The company also provides application-optimized server solutions, rackmount and blade servers, storage, and subsystems and accessories; and server software management solutions, such as Server Management Suite, including Supermicro Server Manager, Supermicro Power Management software, Supermicro Update Manager, SuperCloud Composer, and SuperDoctor 5. In addition, it offers server subsystems and accessories comprising server boards, chassis, power supplies, and other accessories. Further, the company provides server and storage system integration, configuration, and software upgrade and update services; and technical documentation services, as well as identifies service requirements, creates and executes project plans, and conducts verification testing and training services. Additionally, it offers help desk and on-site product support services for its server and storage systems; and customer support services, including ongoing maintenance and technical support for its products. The company provides its products to enterprise data centers, cloud computing, artificial intelligence, and 5G and edge computing markets. It sells its products through direct and indirect sales force, distributors, value-added resellers, system integrators, and original equipment manufacturers. Super Micro Computer, Inc. was incorporated in 1993 and is headquartered in San Jose, California.
