Super Micro Computer (NASDAQ:SMCI) Price Target Raised to $43.00

Key Points

• Mizuho raised Super Micro Computer’s price target from $35 to $43 while maintaining a “neutral” rating, implying roughly 0.44% downside from the stock’s reported $43.19 price. The analyst consensus remains “Hold,” with an average target of $42.67.
• Super Micro reported strong quarterly earnings, with EPS of $1.70 versus estimates of $0.92 and revenue growth of 93.2% year over year to $11.12 billion, though revenue fell short of expectations.
• Company insiders sold shares: CEO Charles Liang and director Chiu-Chu Liang each sold 100,000 shares for approximately $3.72 million under pre-arranged Rule 10b5-1 plans. Institutional investors continue to hold a substantial 84.06% of the stock.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) had its target price increased by equities research analysts at Mizuho from $35.00 to $43.00 in a report released on Tuesday, Benzinga reports. The firm currently has a "neutral" rating on the stock. Mizuho's price objective would indicate a potential downside of 0.44% from the stock's current price.

Several other research firms also recently commented on SMCI. Needham & Company LLC reiterated a "buy" rating and issued a $46.00 price objective on shares of Super Micro Computer in a report on Wednesday, August 12th. Bank of America reaffirmed an "underperform" rating on shares of Super Micro Computer in a report on Wednesday, August 12th. Wedbush upped their price target on shares of Super Micro Computer from $34.00 to $40.00 and gave the company a "neutral" rating in a research note on Wednesday, August 12th. Sanford C. Bernstein set a $42.00 price target on shares of Super Micro Computer in a report on Thursday, August 13th. Finally, Stifel Nicolaus set a $42.00 price objective on shares of Super Micro Computer in a research report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $42.67.

Super Micro Computer Stock Performance

SMCI opened at $43.19 on Tuesday. The company has a quick ratio of 2.07, a current ratio of 3.87 and a debt-to-equity ratio of 0.65. Super Micro Computer has a 12-month low of $19.48 and a 12-month high of $58.78. The business has a 50 day moving average of $36.97 and a 200-day moving average of $32.52. The stock has a market cap of $28.37 billion, a price-to-earnings ratio of 13.50, a PEG ratio of 0.84 and a beta of 2.02.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last posted its earnings results on Tuesday, August 11th. The company reported $1.70 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $11.60 billion. During the same period in the previous year, the firm earned $0.31 EPS. The firm's 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. On average, equities research analysts expect that Super Micro Computer will post 3.94 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Charles Liang sold 100,000 shares of the company's stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $37.19, for a total value of $3,719,000.00. Following the transaction, the chief executive officer directly owned 537,506 shares in the company, valued at approximately $19,989,848.14. This represents a 15.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Chiu-Chu Liang sold 100,000 shares of the firm's stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $37.19, for a total transaction of $3,719,000.00. Following the transaction, the director directly owned 537,506 shares in the company, valued at approximately $19,989,848.14. This represents a 15.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 16.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. World Equity Group Inc. increased its position in Super Micro Computer by 3.8% in the first quarter. World Equity Group Inc. now owns 9,877 shares of the company's stock worth $225,000 after buying an additional 362 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Super Micro Computer by 0.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 117,205 shares of the company's stock valued at $2,669,000 after buying an additional 564 shares in the last quarter. Focused Wealth Management Inc grew its stake in shares of Super Micro Computer by 3.3% during the 1st quarter. Focused Wealth Management Inc now owns 21,245 shares of the company's stock valued at $484,000 after acquiring an additional 677 shares during the period. MCF Advisors LLC increased its holdings in Super Micro Computer by 22.8% in the 2nd quarter. MCF Advisors LLC now owns 3,667 shares of the company's stock worth $108,000 after acquiring an additional 680 shares in the last quarter. Finally, Redwood Wealth Management Group LLC increased its holdings in Super Micro Computer by 8.8% in the 1st quarter. Redwood Wealth Management Group LLC now owns 9,725 shares of the company's stock worth $221,000 after acquiring an additional 785 shares in the last quarter. Institutional investors and hedge funds own 84.06% of the company's stock.

Super Micro Computer Company Profile

Super Micro Computer, Inc develops and sells application-optimized server and storage systems for data centers, cloud computing, enterprise IT, artificial intelligence, and other demanding computing environments. The company offers complete computing platforms as well as modular components, allowing customers to configure systems for specific performance, power, and workload requirements.

Its product portfolio includes server and storage systems, workstations, networking equipment, rack-scale solutions, GPU and AI systems, and related software and services.

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