BlackRock Fund Advisors recently announced the acquisition of new stake in Super Micro Computer Inc (NASDAQ:SMCI). The institutional investor has increased its shareholding in the Technology company by 1.97% to 4.93 million shares with purchase of 95254.0 shares. This fresh investment now brings its stake to 8.87% valued currently at $1.4 billion. In addition, SSgA Funds Management, Inc. raised its holdings by 0.23 million to 1.75 million shares. And Geode Capital Management LLC has lifted its position by 3.97% or 38391.0 shares – to 1.01 million shares.
Currently, there are 52.90M common shares owned by the public and among those 47.14M shares have been available to trade.
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Insiders at the company have transacted a total of 133 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 65 of these insider trades were purchases, accounting for 129,447 shares. Insider sales of the common stock occurred on 68 occasions, with total insider shares sold totaling 107,630 shares.
The top 3 mutual fund holders in Super Micro Computer Inc are Vanguard Total Stock Market ETF, iShares Core S&P Mid Cap ETF, and iShares Russell 2000 ETF. Vanguard Total Stock Market ETF owns 1.48 million shares of the company’s stock, all valued at over $421.98 million. The company bought an additional 83527.0 shares recently to bring their total holdings to about 2.67% of the shares outstanding. iShares Core S&P Mid Cap ETF bought 1275.0 shares to see its total holdings expand to 1.41 million shares valued at over $400.6 million and representing 2.54% of the shares outstanding. iShares Russell 2000 ETF sold 3294.0 shares to bring its total holdings to over 1.25 million shares at a value of $354.09 million. iShares Russell 2000 ETF now owns shares totaling to 2.24% of the shares outstanding.
However, the script later moved the day high at 495.72, up 4.54%. The company’s stock has a 5-day price change of 13.62% and 106.99% over the past three months. SMCI shares are trading 74.37% year to date (YTD), with the 12-month market performance up to 549.89% higher. It has a 12-month low price of $70.11 and touched a high of $496.78 over the same period. SMCI has an average intraday trading volume of 4.15 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 39.53%, 58.23%, and 93.23% respectively.
Institutional ownership of Super Micro Computer Inc (NASDAQ: SMCI) shares accounts for 67.42% of the company’s 52.90M shares outstanding. Mutual fund holders own 32.27%, while other institutional holders and individual stakeholders account for 35.30% and 16.67% respectively.
It has a market capitalization of $27.53B and a beta (3y monthly) value of 1.19. The stock’s trailing 12-month PE ratio is 45.75, while the earnings-per-share (ttm) stands at $10.84. The company has a PEG of 1.16 and a Quick Ratio of 0.95 with the debt-to-equity ratio at 0.07. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.38% over the week and 7.80% over the month.
Analysts forecast that Super Micro Computer Inc (SMCI) will achieve an EPS of $4.93 for the current quarter, $4.55 for the next quarter and $20.9 for 2025. The lowest estimate earnings-per-share for the quarter is $4.35 while analysts give the company a high EPS estimate of $5.52. Comparatively, EPS for the current quarter was $3.26 a year ago. Earnings per share for the fiscal year are expected to increase by 57.43%, and 22.16% over the next financial year. EPS should shrink at an annualized rate of 39.40% over the next five years, compared to 66.82% over the past 5-year period.
Looking at the support for the SMCI, a number of firms have released research notes about the stock. Susquehanna stated their Negative rating for the stock in a research note on December 11, 2023, with the firm’s price target at $240-$160.
