Super Micro Computer Inc. (NASDAQ: SMCI) saw a significant rise in its share price after hitting a 52-week low. The share price surged by 84.76%, while its year-to-date numbers increased by an impressive 216.70%. In the last trading session, the company’s shares traded at 2.87 million, with a beta value of 1.21. At the end of the day, the stock’s price stood at $260.01, reflecting a gain of 3.78% or $9.48. Despite a slight decrease from its 52-week high of $270.18, the share price increase is still striking at 84.76%.
Super Micro Computer Inc. currently holds a market capitalization of $13.65 billion. The average intraday trading volume over the past 10 days was 2.52 million shares, with an average trade volume of 2.48 million shares over the past three months.
Analysts have given Super Micro Computer Inc. a consensus recommendation of Overweight, with a mean rating of 2.70. Out of the seven analysts who have reviewed the stock, one analyst recommends selling, one suggests holding, five recommend buying, and none have rated it as underweight. The company is expected to report earnings per share (EPS) of $2.45 for the current quarter.
Super Micro Computer Inc.’s stock has shown positive performance in the last five sessions and recorded a 10.21% increase in its 5-day price performance. Over the past 30 days, the stock has moved up by 11.52%. Overall, the stock has delivered a remarkable price performance of 564.99% since the beginning of the year.
Short interest in Super Micro Computer Inc. stands at 5.31 million shares, giving shorts approximately 1.69 days to cover their positions.
On Wall Street, analysts have set a consensus price target of $247.14 for the stock. This implies a decrease of 5.21% from its current value. The lowest price target is $65.00, while the highest is $400.00. Therefore, the current trading price of SMCI represents a discount of 53.84% from the highest target and 75.0% from the lowest target.
Super Micro Computer Inc. has outperformed its industry peers in terms of share price, with a growth rate of 216.12% over the last six months. This is significantly higher than the industry average of 90.44% for the same period. Analysts are optimistic about the company’s growth prospects for fiscal year 2023, with revenue expected to increase by 29.60% compared to the previous year.
For the current quarter, Super Micro Computer Inc. is expected to generate revenue of $1.8 billion, according to estimates from six analysts. The same analysts anticipate revenue growth to reach $1.93 billion by the end of September 2023. Comparing these figures to the corresponding quarters of the previous fiscal year, where sales totaled $1.64 billion and $1.65 billion, analysts expect current quarter sales to grow by 9.80% and then jump by 16.50% in the following quarter.
Over the past five years, Super Micro Computer Inc. has experienced significant earnings growth, estimated at 32.70%. The projections indicate a return of 154.40% in 2023, with an average annual return of 10.00% over the next five years.
Insiders of Super Micro Computer Inc. own 12.99% of the total outstanding shares, while institutional holders control 82.27%. Blackrock Inc. is the largest shareholder, holding over 5.37 million shares (10.23% of all shares), valued at $572.05 million as of March 30, 2023. The second largest institutional holding is Vanguard Group, Inc. (The), with 5.11 million shares (9.74% of outstanding shares), valued at $544.76 million.
Among mutual funds, iShares Core S&P Midcap ETF and Vanguard Total Stock Market Index Fund have the largest holdings of Super Micro Computer Inc. shares. iShares Core S&P Midcap ETF owns about 1.43 million shares (2.87% of overall shares), valued at $140.47 million. Vanguard Total Stock Market Index Fund holds slightly less at 1.37 million shares (2.74% of the stock), valued at approximately $112.26 million.
As Super Micro Computer Inc. prepares to release its next quarterly earnings in August, it is worth noting that the dividend yield ratio serves as a guidance indicator and should not be the sole factor influencing investment decisions.
In conclusion, Super Micro Computer Inc. has experienced substantial growth in its share price, outperforming its industry peers. Analysts remain optimistic about the company’s future, although projections indicate a potential decrease in revenue for the current and next quarters. Nonetheless, the long-term outlook for Super Micro Computer Inc. appears promising, with significant earnings growth projected.
