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Will Super Micro Computer Inc (SMCI) benefit from Wall Street bulls Calls?

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Super Micro Computer Inc (NASDAQ: SMCI) is 255.28% higher on its value in year-to-date trading and has touched a low of $93.19 and a high of $1229.00 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SMCI stock was last observed hovering at around $1037.15 in the last trading session, with the day’s loss setting it -27.24%.

Currently trading at $1009.91, the stock is -4.32% and 20.40% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.14 million and changing -2.63% at the moment leaves the stock 141.79% off its SMA200. SMCI registered 877.27% gain for a year compared to 6-month gain of 268.28%. The firm has a 50-day simple moving average (SMA 50) of $6.35 and a 200-day simple moving average (SMA200) of $64.81.

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The stock witnessed a 11.53% loss in the last 1 month and extending the period to 3 months gives it a 255.28%, and is -3.15% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.65% over the week and 8.31% over the month.

Super Micro Computer Inc (SMCI) has around 5126 employees, a market worth around $59.13B and $9.25B in sales. Current P/E ratio is 78.94 and Fwd P/E is 33.42. Profit margin for the company is 7.92%. Distance from 52-week low is 983.71% and -17.83% from its 52-week high. The company has generated returns on investments over the last 12 months (23.06%).

Super Micro Computer Inc quarterly earnings per share for the current quarter are estimated at $5.84 with sales reaching $4.01B over the same period.The EPS is expected to grow by 86.07% this year, but quarterly earnings will post 105.80% year-over-year.

Super Micro Computer Inc (SMCI) Top Institutional Holders

895 institutions hold shares in Super Micro Computer Inc (SMCI), with institutional investors hold 80.14% of the company’s shares. The shares outstanding are 52.90M, and float is at 49.81M with Short Float at 8.09%. Institutions hold 68.64% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 5.47 million shares valued at $1.36 billion. The investor’s holdings represent 10.97% of the SMCI Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 4.83 million shares valued at $1.2 billion to account for 9.67% of the shares outstanding. The other top investors are Disciplined Growth Investors, Inc. which holds 2.96 million shares representing 5.93% and valued at over $736.66 million, while Dimensional Fund Advisors LP holds 3.40% of the shares totaling 1.7 million with a market value of $423.15 million.

Super Micro Computer Inc (SMCI) Insider Activity

The most recent transaction is an insider sale by FAIRFAX DANIEL W,the company’sDirector. SEC filings show that FAIRFAX DANIEL W sold 300 shares of the company’s common stock on Mar 01 ’24 at a price of $881.88 per share for a total of $0.26 million. Following the sale, the insider now owns 19787.0 shares.

Super Micro Computer Inc disclosed in a document filed with the SEC on Feb 29 ’24 that TUAN SHERMAN (Director) sold a total of 5,000 shares of the company’s common stock. The trade occurred on Feb 29 ’24 and was made at $873.98 per share for $4.37 million. Following the transaction, the insider now directly holds 22113.0 shares of the SMCI stock.

Still, SEC filings show that on Feb 15 ’24, KAO GEORGE (SVP, OPERATIONS) disposed off 1,884 shares at an average price of $993.00 for $1.87 million. The insider now directly holds 8,496 shares of Super Micro Computer Inc (SMCI).

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