NewEdge Advisors LLC Raises Stock Position in Super Micro Computer, Inc. $SMCI

NewEdge Advisors LLC boosted its stake in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 183.5% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 158,321 shares of the company's stock after acquiring an additional 102,474 shares during the period. NewEdge Advisors LLC's holdings in Super Micro Computer were worth $4,644,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Baird Financial Group Inc. purchased a new stake in Super Micro Computer during the 2nd quarter worth approximately $292,000. Allworth Financial LP boosted its stake in shares of Super Micro Computer by 11.3% in the second quarter. Allworth Financial LP now owns 37,880 shares of the company's stock worth $1,111,000 after acquiring an additional 3,858 shares during the last quarter. Arizona State Retirement System increased its position in shares of Super Micro Computer by 11.0% during the second quarter. Arizona State Retirement System now owns 161,980 shares of the company's stock worth $4,751,000 after purchasing an additional 15,990 shares in the last quarter. Nykredit A S purchased a new stake in shares of Super Micro Computer during the second quarter worth approximately $3,559,000. Finally, Corient Private Wealth LP lifted its holdings in Super Micro Computer by 45.7% in the 2nd quarter. Corient Private Wealth LP now owns 31,716 shares of the company's stock valued at $930,000 after purchasing an additional 9,950 shares in the last quarter. Institutional investors and hedge funds own 84.06% of the company's stock.

Insider Activity

In other news, Director Chiu-Chu Liang sold 100,000 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, the director owned 537,506 shares of the company's stock, valued at approximately $19,989,848.14. This trade represents a 15.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, 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 Super Micro Computer stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $37.19, for a total transaction of $3,719,000.00. Following the completion of the transaction, the chief executive officer owned 537,506 shares of the company's stock, valued at $19,989,848.14. This trade represents a 15.69% decrease in their position. 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 corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SMCI. Raymond James Financial restated an "outperform" rating and set a $48.00 price target on shares of Super Micro Computer in a research report on Wednesday, August 12th. Sanford C. Bernstein set a $42.00 price target on Super Micro Computer in a research report on Thursday, August 13th. Rosenblatt Securities lifted their price objective on Super Micro Computer from $45.00 to $51.00 and gave the stock a "buy" rating in a research report on Wednesday, August 12th. Wolfe Research began coverage on Super Micro Computer in a research note on Thursday, June 11th. They issued a "peer perform" rating for the company. Finally, Northland Securities set a $36.00 price target on shares of Super Micro Computer in a research report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, Super Micro Computer has a consensus rating of "Hold" and an average target price of $42.13.

Super Micro Computer Stock Down 8.4%

Shares of SMCI opened at $36.74 on Tuesday. The company's 50-day moving average price is $32.96 and its 200 day moving average price is $31.56. Super Micro Computer, Inc. has a 12-month low of $19.48 and a 12-month high of $58.78. The company has a current ratio of 3.87, a quick ratio of 2.07 and a debt-to-equity ratio of 0.65. The firm has a market cap of $24.14 billion, a P/E ratio of 11.48, a price-to-earnings-growth ratio of 0.76 and a beta of 2.00.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last announced its quarterly earnings results on Tuesday, August 11th. The company reported $1.70 earnings per share for the quarter, beating analysts' consensus estimates 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 business had revenue of $11.12 billion during the quarter, compared to analysts' expectations of $11.60 billion. During the same period last year, the business earned $0.31 earnings per share. The business's revenue for the quarter was up 93.2% on a year-over-year basis. Super Micro Computer has set its Q1 2027 guidance at 1.010-1.100 EPS. On average, sell-side analysts forecast that Super Micro Computer, Inc. will post 4.04 earnings per share for the current year.

Super Micro Computer Company Profile

Super Micro Computer, Inc, doing business as Supermicro, develops and sells application-optimized server and storage systems. Its product portfolio includes servers, workstations, storage platforms, networking equipment, motherboards, chassis, power supplies and related software and support services.

The company also provides high-performance computing and data center infrastructure, including systems designed for artificial intelligence, machine learning, cloud computing, enterprise applications, telecommunications and edge computing.

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