Fintel reports that on August 7, 2023, Loop Capital maintained coverage of Super Micro Computer (NASDAQ:SMCI) with a Buy recommendation.
Analyst Price Forecast Suggests 21.59% Downside
As of August 2, 2023, the average one-year price target for Super Micro Computer is 277.00. The forecasts range from a low of 65.65 to a high of $421.05. The average price target represents a decrease of 21.59% from its latest reported closing price of 353.29.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Super Micro Computer is 7,514MM, an increase of 14.30%. The projected annual non-GAAP EPS is 9.04.
What is the Fund Sentiment?
There are 815 funds or institutions reporting positions in Super Micro Computer. This is an increase of 129 owner(s) or 18.80% in the last quarter. Average portfolio weight of all funds dedicated to SMCI is 0.41%, an increase of 7.62%. Total shares owned by institutions decreased in the last three months by 1.47% to 46,950K shares. 
The put/call ratio of SMCI is 1.03, indicating a bearish outlook.
What are Other Shareholders Doing?
Disciplined Growth Investors holds 3,967K shares representing 7.56% ownership of the company. In it's prior filing, the firm reported owning 4,511K shares, representing a decrease of 13.71%. The firm increased its portfolio allocation in SMCI by 14.33% over the last quarter.
Wolf Hill Capital Management holds 1,492K shares representing 2.84% ownership of the company. In it's prior filing, the firm reported owning 1,702K shares, representing a decrease of 14.07%. The firm decreased its portfolio allocation in SMCI by 45.98% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 1,441K shares representing 2.75% ownership of the company. In it's prior filing, the firm reported owning 1,304K shares, representing an increase of 9.53%. The firm increased its portfolio allocation in SMCI by 37.31% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,419K shares representing 2.70% ownership of the company. In it's prior filing, the firm reported owning 1,367K shares, representing an increase of 3.62%. The firm increased its portfolio allocation in SMCI by 24.34% over the last quarter.
NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 1,193K shares representing 2.27% ownership of the company. In it's prior filing, the firm reported owning 1,159K shares, representing an increase of 2.88%. The firm increased its portfolio allocation in SMCI by 28.25% over the last quarter.
Super Micro Computer Background Information
(This description is provided by the company.)
Supermicro, the leading innovator in high-performance, high-efficiency server technology is a premier provider of advanced server Building Block Solutions® for Enterprise Data Center, Cloud Computing, Artificial Intelligence, and Edge Computing Systems worldwide. Supermicro is committed to protecting the environment through its 'We Keep IT Green®' initiative and provides customers with the most energy-efficient, environmentally-friendly solutions available on the market.
Additional reading:
- Supermicro Announces Preliminary Financial Results for Fourth Quarter of Fiscal 2023
- Form of Notice of Grant of Stock Option under 2020 Equity and Incentive Compensation Plan (Supersedes previously filed Exhibit 10.31 from the Company’s Annual Report on Form 10-K
- Supermicro Announces Third Quarter Fiscal Year 2023 Financial Results
- Supermicro Announces Preliminary Financial Information for Third Quarter Fiscal 2023
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
