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Super Micro Computer Inc (NASDAQ: SMCI) Shares Are Up 160.43% Year To Date.

In the last trading session, 10.83 million Super Micro Computer Inc (NASDAQ:SMCI) shares changed hands as the company’s beta touched 1.19. With the company’s per share price at $740.29 changed hands at $42.29 or 6.06% during last session, the market valuation stood at $41.40B. SMCI’s last price was a premium, traded about 3.49% off its 52-week high of $714.49. The share price had its 52-week low at $85.61, which suggests the last value was 88.44% up since then. When we look at Super Micro Computer Inc’s average trading volume, we note the 10-day average is 13.58 million shares, with the 3-month average coming to 1.88.

Super Micro Computer Inc (NASDAQ:SMCI) trade information

Instantly SMCI was in green as seen at the end of in last trading. With action 27.72%, the performance over the past five days has been green. The jump to weekly highs of 745.17 added 6.06% to the stock’s daily price. The company’s shares are showing year-to-date upside of 160.43%, with the 5-day performance at 27.72% in the green. However, in the 30-day time frame, Super Micro Computer Inc (NASDAQ:SMCI) is 116.22% up. Looking at the short shares, we see there were 5.03 million shares sold at short interest cover period of 0.66 days.

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Super Micro Computer Inc (SMCI) estimates and forecasts

Data shows that the Super Micro Computer Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 167.14% over the past 6 months, a 83.74% in annual growth rate that is considerably higher than the industry average of 25.90%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 66.82%. The 2024 estimates are for Super Micro Computer Inc earnings to increase by 82.93%, but the outlook for the next 5-year period is at 48.20% per year.

Super Micro Computer Inc (NASDAQ:SMCI)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 15.03% of Super Micro Computer Inc shares while 67.75% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 79.72%. There are 67.75% institutions holding the Super Micro Computer Inc stock share, with Blackrock Inc. the top institutional holder. As of Jun 29, 2023, the company held 10.97% of the shares, roughly 5.47 million SMCI shares worth $1.36 billion.

Vanguard Group Inc holds the second largest percentage of outstanding shares, with 9.67% or 4.83 million shares worth $1.2 billion as of Jun 29, 2023.

Among Mutual Funds, the top two as of Sep 29, 2023 were iShares Core S&P Midcap ETF and Vanguard Total Stock Market Index Fund. With 1.43 million shares estimated at $391.63 million under it, the former controlled 2.86% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.80% of the shares, roughly 1.4 million shares worth around $347.92 million.

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