Why Are People Buying SMCI Shares?

This morning we watched Super Micro Computer rise 6.2% to a price of $899.34 per share. The Large-Cap Computer Hardware company is now trading -12.12% below its average target price of $1023.42. Analysts have set target prices ranging from $285.0 to $1500.0 per share for Super Micro Computer, and have given the stock an average rating of buy.

Super Micro Computer has an elevated short interest of 10.4%. The stock's short ratio, or the number of days needed for all shorts to cover their positions, is 0.76. The company's insiders own 14.38% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. 59.6% of Super Micro Computer shares are held by institutional investors, which indicates a high level of confidence in the stock.

Institutions Invested in Super Micro Computer

Date Reported Holder Percentage Shares Value
2024-03-31 Vanguard Group Inc 12% 6,194,607 $5,571,058,025
2024-03-31 Blackrock Inc. 11% 5,388,187 $4,845,812,241
2024-03-31 State Street Corporation 5% 2,325,802 $2,091,686,833
2024-03-31 Geode Capital Management, LLC 3% 1,546,972 $1,391,253,840
2024-03-31 GQG Partners LLC 3% 1,312,304 $1,180,207,514
2024-03-31 Disciplined Growth Investors, Inc. 2% 1,019,432 $916,816,002
2024-03-31 JP Morgan Chase & Company 2% 932,764 $838,872,000
2024-03-31 Morgan Stanley 1% 666,498 $599,408,329
2024-03-31 Northern Trust Corporation 1% 659,645 $593,245,152
2024-03-31 FMR, LLC 1% 629,183 $565,849,456

For these reasons, we consider that the Super Micro Computer is the subject of mixed market sentiment.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.