BlackRock Fund Advisors has recently announced that it has increased stake in Super Micro Computer Inc (NASDAQ:SMCI) by 1.97%. After grabbing 4.93 million shares, the institutional investor is now in possession of 95254.0 shares of the Technology Company. The new investment brought the stake of investor firm to 9.24% having worth around $1.35 billion. Moreover, SSgA Funds Management, Inc. increased its share by 0.23 million to have a control over 1.75 million shares. And Geode Capital Management LLC raised its holdings to 38391.0 shares by acquiring 1.01 million shares or 1.89% of the stake.
Super Micro Computer Inc (SMCI) concluded trading on 12/21/23 at a closing price of $304.18, with 2.42 million shares of worth about $735.82 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 40.78% during that period and on Thursday the price saw a gain of about 0.70%. Currently the company’s common shares owned by public are about 52.90M shares, out of which, 46.75M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 11 analysts are covering the SMCI stock and their offered price forecasts bring an average price target of $365.80. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $500.00 and could fall to a lowest price of $160.00. The stock’s current price level is 16.85% above of average price target set by the analysts, while a rise to estimated low would result in loss of -90.11% for the stock. However, touching the estimated high of $500.00 would mean a gain of 39.16% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 151 times over the past 12 months. They bought 277,663 shares in 67 of the transactions. In 84 selling transactions, insiders dumped 201,402 shares.
iShares Core S&P Mid Cap ETF, Vanguard Total Stock Market ETF, and Vanguard Small Cap Index Fund are the top 3 mutual funds which are holding stakes in Super Micro Computer Inc iShares Core S&P Mid Cap ETF is currently holding 1.41 million shares of worth totaling $385.22 million. The company recently came buying 250.0 shares which brought its stake up to 2.64% of the company’s outstanding shares. Vanguard Total Stock Market ETF bought 2300.0 shares, after which its hold over company’s outstanding shares expand to 2.63%, leaving 1.4 million shares with the mutual fund that have a worth of about $382.65 million. Vanguard Small Cap Index Fund, after buying 1.15 million shares, have now control over 2.16% of the stake in the company. It holds 2452.0 shares of worth $314.67 million.
Super Micro Computer Inc (NASDAQ: SMCI) started trading at $308.94, above $6.86 from concluding price of the previous day. However, the stock later moved at a day high price of 313.98, or with a gain of 0.70%. Stock saw a price change of 3.32% in past 5 days and over the past one month there was a price change of 4.94%. Year-to-date (YTD), SMCI shares are showing a performance of 270.50% which increased to 265.12% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $69.02 but also hit the highest price of $357.00 during that period. The average intraday trading volume for Super Micro Computer Inc shares is 3.20 million. The stock is currently trading 8.13% above its 20-day simple moving average (SMA20), while that difference is up 11.13% for SMA50 and it goes to 33.73% higher than SMA200.
BlackRock Fund Advisors acquired 4.93 million shares of Super Micro Computer Inc having value of about $1.35 billion. Data submitted at the U.S SEC by BlackRock Fund Advisors revealed that the firm now holds 95254.0 shares in the company valued at close to $28974361.72, or have control over 1.97% stake in the company. Super Micro Computer Inc (NASDAQ: SMCI) currently have 52.90M outstanding shares and institutions hold larger chunk of about 66.93% of that. Holding of mutual funds in the company is about 33.82% while other institutional holders and individual stake holders have control over 36.34% and 17.37% of the stake respectively.
The stock has a current market capitalization of $16.89B and its 3Y-monthly beta is at 1.14. PE ratio of stock for trailing 12 months is 28.07, while it has posted earnings per share of $10.84 in the same period. Its PEG reads 2.81 and has Quick Ratio of 0.95 while making debt-to-equity ratio of 0.07. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SMCI, volatility over the week remained 5.32% while standing at 5.44% over the month.
Analysts are in expectations that Super Micro Computer Inc (SMCI) stock would likely to be making an EPS of $4.55 in the current quarter, while forecast for next quarter EPS is $4.31 and it is $20.52 for next year. For the current quarter EPS, analysts have given the company a lowest target $4.35 which is $4.7 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $3.26 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 47.91% while it is estimated to increase by 12.25% in next year. EPS is likely to shrink at an annualized rate of 10.00% for next 5-years, compared to annual growth of 66.82% made by the stock over the past 5-years.
Analysts at 11 brokerage firms have issued recommendations for the Super Micro Computer Inc (SMCI)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.73. Out of those 11 Wall Street analysts, 7 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Susquehanna on December 11, 2023 offering a Negative rating for the stock and assigned a target price range of between $240 and $160 to it.
