Legal & General Group Plc Buys 192,714 Shares of Super Micro Computer, Inc. $SMCI

Key Points

• Legal & General Group Plc increased its stake in Super Micro Computer by 5.2% in Q3, adding 192,714 shares to hold 3,892,849 shares (about 0.65% of the company) worth roughly $186.6 million.
• Super Micro significantly beat quarterly expectations with EPS of $0.69 versus $0.49 expected and revenue of $12.68 billion versus $10.34 billion, a 123.4% year-over-year revenue increase.
• Analyst coverage is mixed with a consensus rating of Hold and an average target of $43.43 (5 Buy / 8 Hold / 2 Sell), and institutional investors own about 84.06% of the stock.

Legal & General Group Plc grew its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 5.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,892,849 shares of the company's stock after acquiring an additional 192,714 shares during the quarter. Legal & General Group Plc owned about 0.65% of Super Micro Computer worth $186,623,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of SMCI. Anfield Capital Management LLC bought a new position in Super Micro Computer in the 2nd quarter worth about $25,000. Twin Peaks Wealth Advisors LLC purchased a new stake in Super Micro Computer during the 2nd quarter valued at about $25,000. Armstrong Advisory Group Inc. bought a new stake in Super Micro Computer during the 3rd quarter valued at about $29,000. Hazlett Burt & Watson Inc. increased its stake in Super Micro Computer by 68.6% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 661 shares of the company's stock valued at $31,000 after purchasing an additional 269 shares in the last quarter. Finally, Advisors Asset Management Inc. purchased a new position in Super Micro Computer in the first quarter worth about $39,000. Hedge funds and other institutional investors own 84.06% of the company's stock.

Wall Street Analyst Weigh In

SMCI has been the topic of several analyst reports. Zacks Research upgraded shares of Super Micro Computer from a "strong sell" rating to a "hold" rating in a research note on Monday, December 8th. Sanford C. Bernstein reduced their price target on shares of Super Micro Computer from $42.00 to $37.00 and set a "market perform" rating for the company in a research report on Wednesday, February 4th. Rosenblatt Securities restated a "buy" rating and issued a $55.00 price objective on shares of Super Micro Computer in a report on Monday, February 2nd. The Goldman Sachs Group upped their price objective on Super Micro Computer from $26.00 to $27.00 and gave the company a "sell" rating in a research report on Wednesday, February 4th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Super Micro Computer in a research note on Monday, December 29th. Five research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $43.43.

Super Micro Computer Stock Performance

Shares of NASDAQ SMCI opened at $30.90 on Friday. The firm's 50-day moving average price is $31.24 and its 200-day moving average price is $38.06. Super Micro Computer, Inc. has a 52-week low of $27.60 and a 52-week high of $62.36. The company has a market cap of $18.51 billion, a PE ratio of 23.06, a PEG ratio of 0.63 and a beta of 1.52. The company has a quick ratio of 1.01, a current ratio of 1.70 and a debt-to-equity ratio of 0.67.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last released its quarterly earnings data on Tuesday, February 3rd. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.20. The firm had revenue of $12.68 billion during the quarter, compared to analysts' expectations of $10.34 billion. Super Micro Computer had a net margin of 3.11% and a return on equity of 13.22%. The firm's quarterly revenue was up 123.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.59 earnings per share. Super Micro Computer has set its Q3 2026 guidance at 0.600- EPS. As a group, analysts anticipate that Super Micro Computer, Inc. will post 1.86 EPS for the current 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.

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