Fintel reports that on May 3, 2023, Loop Capital maintained coverage of Super Micro Computer (NASDAQ:SMCI) with a Buy recommendation.
Analyst Price Forecast Suggests 19.85% Downside
As of April 24, 2023, the average one-year price target for Super Micro Computer is 107.30. The forecasts range from a low of 65.65 to a high of $183.75. The average price target represents a decrease of 19.85% from its latest reported closing price of 133.88.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Super Micro Computer is 7,015MM, an increase of 6.71%. The projected annual non-GAAP EPS is 10.30.
What is the Fund Sentiment?
There are 686 funds or institutions reporting positions in Super Micro Computer. This is an increase of 148 owner(s) or 27.51% in the last quarter. Average portfolio weight of all funds dedicated to SMCI is 0.38%, an increase of 3.70%. Total shares owned by institutions increased in the last three months by 12.41% to 48,388K shares. 
The put/call ratio of SMCI is 0.58, indicating a bullish outlook.
What are Other Shareholders Doing?
Disciplined Growth Investors holds 4,511K shares representing 8.55% ownership of the company. In it's prior filing, the firm reported owning 4,549K shares, representing a decrease of 0.84%. The firm increased its portfolio allocation in SMCI by 36.41% over the last quarter.
Wolf Hill Capital Management holds 1,702K shares representing 3.23% ownership of the company. In it's prior filing, the firm reported owning 2,114K shares, representing a decrease of 24.21%. The firm increased its portfolio allocation in SMCI by 23.70% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,367K shares representing 2.59% ownership of the company. In it's prior filing, the firm reported owning 1,331K shares, representing an increase of 2.68%. The firm increased its portfolio allocation in SMCI by 41.47% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 1,304K shares representing 2.47% ownership of the company.
NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 1,159K shares representing 2.20% ownership of the company. In it's prior filing, the firm reported owning 1,120K shares, representing an increase of 3.34%. The firm increased its portfolio allocation in SMCI by 42.78% 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.
See all Super Micro Computer regulatory filings.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.
