This afternoon we watched Super Micro Computer drop -7.8% to a price of $565.39 per share. The Large-Cap Computer Hardware company is now trading -35.72% below its average target price of $879.62. Analysts have set target prices ranging from $325.0 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 121.1%. The stock's short ratio, or the number of days needed for all shorts to cover their positions, is 0.94. The company's insiders own 14.36% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. 57.0% 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 |
|---|---|---|---|---|
| 2024-06-30 | Vanguard Group Inc | 12% | 5,961,678 | $3,370,703,049 |
| 2024-06-30 | Blackrock Inc. | 8% | 4,017,580 | $2,271,519,722 |
| 2024-06-30 | State Street Corporation | 4% | 2,049,450 | $1,158,748,822 |
| 2024-06-30 | Geode Capital Management, LLC | 3% | 1,250,033 | $706,762,432 |
| 2024-06-30 | Disciplined Growth Investors, Inc. | 2% | 1,012,405 | $572,408,744 |
| 2024-06-30 | Susquehanna International Group, LLP | 2% | 853,363 | $482,487,190 |
| 2024-06-30 | Jane Street Group, LLC | 2% | 826,114 | $467,080,741 |
| 2024-06-30 | Morgan Stanley | 2% | 806,548 | $456,018,222 |
| 2024-06-30 | JP Morgan Chase & Company | 2% | 790,533 | $446,963,420 |
| 2024-06-30 | Millennium Management Llc | 1% | 621,917 | $351,628,774 |
For these reasons, we consider that the Super Micro Computer is the subject of mixed market sentiment.
