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Tuesday, September 26, 2023

Super Micro Computer Inc. (NASDAQ: SMCI) May Be Attracting Institutional Investments

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Super Micro Computer Inc. (SMCI) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $2.42, or 0.89%, to $273.38. The Super Micro Computer Inc. has recorded 18,064 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Supermicro Launches Industry Leading vSAN HCI Solution, Delivering up to 4.7X Performance at 3X Lower Cost*.

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Stocks Info

Super Micro Computer Inc. is listed on the NASDAQ as a member of the Technology sector and is a part of the Computer Hardware industry. At the end of the last regular session, the stock closed at $270.96 and fluctuated between $277.14 as its day high and $266.21 as its day low. The current market capitalization of Super Micro Computer Inc. is $13.66B. A total of 2.58 million shares were traded on the day, compared to an average of 3.29M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, SMCI has seen 14 BUY and 6 SELL insider trades, representing the acquisition of 30,005 and the disposition of 2,217 shares. Over the last 12 months, there were 52 BUYs and 78 SELLs from insiders. Insiders purchased 451,188 shares during that period but sold 291,194.

In the most recent transaction, KAO GEORGE sold 2,968 shares of SMCI for 280.79 per share on Aug 31. After the transaction, the SVP, OPERATIONS now owns 7,590 company shares. In a previous transaction on Aug 30, TUAN SHERMAN sold 1,000 shares at 272.00 per share. SMCI shares that Director owns now total 27,613.

Among the insiders who sold shares, KAO GEORGE disposed of 5,160 shares on Aug 14 at a per-share price of $269.99. This resulted in the SVP, OPERATIONS holding 7,338 shares of SMCI after the transaction. In another insider transaction, CHAN SHIU LEUNG bought 4,000 shares at $265.57 per share on Aug 11. Company shares held by the Director now total 40,917.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for SMCI in the last 3 months, the mean price target is $368.63 with high estimates of $500.00 and low estimates of $250.00. In terms of 52-week highs and lows, SMCI has a high of $357.00 and a low of $50.28.

As of this writing, SMCI has an earnings estimate of $3.15 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $3.39 per share and a lower estimate of $2.79. The company reported an EPS of $1.63 in the last quarter, which was -4.70% lower than expectations of $1.71.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. SMCI’s latest balance sheet shows that the firm has $267.40M in Cash & Short Term Investments as of fiscal 2022. There were $596.76M in debt and $1.47B in liabilities at the time. Its Book Value Per Share was $37.44, while its Total Shareholder’s Equity was $1.43B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SMCI is Buy with a score of 4.20.

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