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Super Micro Computer (NASDAQ:SMCI) Director Scott Angel Acquires 1,715 Shares of Company Stock

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Key Points

  • Director Scott Angel bought 1,715 shares at an average price of $29.12, investing about $49,941 and increasing his direct stake by 24.31% to 8,770 shares.
  • Super Micro reported quarterly EPS of $1.81, beating the $1.28 consensus, while revenue rose 297.5% year over year to $19.95 billion.
  • Shares traded at $27.79 in the report, and analysts’ consensus rating was Hold, with an average price target of $41.29.
  • Interested in Super Micro Computer? Here are five stocks we like better.

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) Director Scott Angel acquired 1,715 shares of the business's stock in a transaction that occurred on Friday, November 6th. The stock was purchased at an average cost of $29.12 per share, with a total value of $49,940.80. Following the acquisition, the director directly owned 8,770 shares of the company's stock, valued at $255,382.40. This trade represents a 24.31% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink.

Super Micro Computer Stock Performance

SMCI stock traded down $0.81 during trading on Tuesday, reaching $27.79. The stock had a trading volume of 45,734,542 shares, compared to its average volume of 43,674,008. The firm has a market cap of $18.26 billion, a PE ratio of 5.93, a PEG ratio of 0.46 and a beta of 2.17. The company has a current ratio of 3.02, a quick ratio of 2.07 and a debt-to-equity ratio of 0.56. The stock's 50 day moving average is $37.27 and its two-hundred day moving average is $32.64. Super Micro Computer, Inc. has a 52 week low of $19.48 and a 52 week high of $51.40.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last released its quarterly earnings results on Tuesday, November 3rd. The company reported $1.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.28 by $0.53. Super Micro Computer had a return on equity of 38.97% and a net margin of 6.77%. The business had revenue of $19.95 billion during the quarter, compared to the consensus estimate of $16.29 billion. During the same period in the previous year, the company posted $0.35 EPS. The business's quarterly revenue was up 297.5% compared to the same quarter last year. As a group, equities analysts anticipate that Super Micro Computer, Inc. will post 4.31 earnings per share for the current year.

Hedge Funds Weigh In On Super Micro Computer

Hedge funds have recently made changes to their positions in the business. SLT Holdings LLC grew its position in Super Micro Computer by 3.0% in the third quarter. SLT Holdings LLC now owns 10,400 shares of the company's stock valued at $427,000 after purchasing an additional 300 shares in the last quarter. World Equity Group Inc. increased its stake in Super Micro Computer by 3.8% in the 1st quarter. World Equity Group Inc. now owns 9,877 shares of the company's stock valued at $225,000 after buying an additional 362 shares during the last quarter. Quest 10 Wealth Builders Inc. lifted its position in Super Micro Computer by 235.2% during the 3rd quarter. Quest 10 Wealth Builders Inc. now owns 600 shares of the company's stock worth $25,000 after buying an additional 421 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in 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 worth $2,669,000 after buying an additional 564 shares in the last quarter. Finally, MCF Advisors LLC lifted its position in Super Micro Computer by 22.8% during the 2nd quarter. MCF Advisors LLC now owns 3,667 shares of the company's stock worth $108,000 after buying an additional 680 shares in the last quarter. Institutional investors own 84.06% of the company's stock.

Key Stories Impacting Super Micro Computer

Here are the key news stories impacting Super Micro Computer this week:

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on SMCI shares. Wedbush upped their price objective on Super Micro Computer from $34.00 to $40.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 12th. Raymond James Financial reissued an "outperform" rating and set a $65.00 price target on shares of Super Micro Computer in a report on Wednesday, November 4th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Super Micro Computer in a research note on Monday, September 21st. Mizuho lifted their price objective on Super Micro Computer from $35.00 to $43.00 and gave the company a "neutral" rating in a research report on Tuesday, October 6th. Finally, Stifel Nicolaus set a $42.00 price objective on Super Micro Computer in a research note on Wednesday, August 12th. Four investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $41.29.

Check Out Our Latest Stock Analysis on SMCI

Super Micro Computer Company Profile

(Get Free Report)

Super Micro Computer, Inc. designs and sells server and storage systems, networking equipment, and related software and services. Its offerings include systems for data centers, cloud computing, enterprise applications, high-performance computing, artificial intelligence, and edge computing. The company emphasizes application-optimized solutions, including integrated rack-scale systems that combine computing, storage, networking, and management tools. It also provides system configuration, deployment, and support services.

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