Super Micro Computer downgraded by JP Morgan with a new price target
$SMCI
Computer Manufacturing
Technology
JP Morgan downgraded Super Micro Computer from Overweight to Neutral and set a new price target of $500.00 from $950.00 previously
Save time and jump to the most important pieces.
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/6/2024 | $50.00 → $23.00 | Neutral → Underweight | JP Morgan |
| 10/31/2024 | Buy → Hold | Argus | |
| 9/18/2024 | $600.00 | Buy | Needham |
| 9/17/2024 | $450.00 | Neutral | Mizuho |
| 9/6/2024 | $950.00 → $500.00 | Overweight → Neutral | JP Morgan |
| 9/4/2024 | $693.00 → $438.00 | Overweight → Equal Weight | Barclays |
| 8/7/2024 | $1090.00 → $700.00 | Buy → Neutral | BofA Securities |
| 7/10/2024 | $930.00 | Buy → Neutral | Nomura |
As previously announced, Super Micro Computer, Inc. (NASDAQ:SMCI) ("SMCI" or the "Company"), a Total IT Solution Provider for AI, Cloud, Storage and 5G/Edge, submitted a compliance plan to Nasdaq on November 18, 2024 with respect to supporting its request for an extension of time to regain compliance with the Nasdaq continued listing requirements. In the compliance plan, the Company indicated that it believes it will be able to file both its Annual Report on Form 10-K for the fiscal year ended June 30, 2024 (the "2024 Form 10-K") and its Quarterly Report on Form 10-Q for the period ended September 30, 2024 (the "Q1 2025 Form 10-Q"), and become current with its periodic filings within the di
All-new FlexTwin™ and New Generation SuperBlade® Maximize Compute Density with up to 36,864 Cores per Rack, featuring Direct to Chip Liquid Cooling and Upgraded Technologies to Maximize HPC Performance SAN JOSE, Calif. and ATLANTA, Nov. 19, 2024 /PRNewswire/ -- Supercomputing Conference -- Supermicro, Inc. (NASDAQ:SMCI) a Total IT Solution Provider for AI/ML, HPC, Cloud, Storage, and 5G/Edge, is showcasing its latest high-compute-density multi-node solutions which are optimized for high intensity HPC workloads. These systems include the innovative liquid-cooled FlexTwin 2U 4-node purpose-built HPC architecture and the industry leading SuperBlade with up to 20 nodes in a 6U or an 8U chassis w
Super Micro Computer, Inc. (NASDAQ:SMCI), a Total IT Solution Provider for AI, Cloud, Storage, and 5G/Edge, announced today that the Audit Committee of its Board of Directors has engaged BDO USA, P.C. ("BDO") as its independent auditor, effective immediately. BDO is a member firm of BDO International, one of the world's top five accounting firms network with over 115,000 professionals across its global network and a recognized leader in audit and assurance. "We are pleased to welcome BDO as Supermicro's independent auditor," said Charles Liang, President and CEO of Supermicro. "BDO is a highly respected accounting firm with global capabilities. This is an important next step to bring our
Super Micro Computer, Inc. (NASDAQ:SMCI), a Total IT Solution Provider for AI, Cloud, Storage, and 5G/Edge, announced today that the Audit Committee of its Board of Directors has engaged BDO USA, P.C. ("BDO") as its independent auditor, effective immediately. BDO is a member firm of BDO International, one of the world's top five accounting firms network with over 115,000 professionals across its global network and a recognized leader in audit and assurance. "We are pleased to welcome BDO as Supermicro's independent auditor," said Charles Liang, President and CEO of Supermicro. "BDO is a highly respected accounting firm with global capabilities. This is an important next step to bring our
Super Micro Computer, Inc. (NASDAQ:SMCI), a Total IT Solution Provider for AI, Cloud, Storage and 5G/Edge, announces the appointment of Susie Giordano to the board of directors. "The Board of Directors and I are excited that Susie Giordano has joined Supermicro as a Director," said Charles Liang, chairman of Supermicro's Board of Directors. "Susie has decades of extensive executive management experience leading both internal and external functions for several large technology companies and we look forward to her contributions to our future growth." Ms. Giordano has over 25 years of experience advising executive management and board directors on a wide range of topics, including strategy
Consistent Expansion, Technology Leadership, and Commitment to Excellence for Top-Tier Clients Propels USA Manufacturer Supermicro to the Nasdaq 100 Index Supermicro, Inc. (NASDAQ:SMCI), a Total IT Solution Provider for AI, Cloud, Storage, and 5G/Edge, has been selected to join the renowned Nasdaq 100 Index, which tracks 100 of the largest non-financial companies listed on the Nasdaq, requiring companies to maintain a weighting of at least 0.1% of the index's value. After hitting record highs recently, the Nasdaq 100 index underscores a company's significant impact, profitability, and leadership. This press release features multimedia. View the full release here: https://www.businesswire
SC 13G - Super Micro Computer, Inc. (0001375365) (Subject)
SC 13G/A - Super Micro Computer, Inc. (0001375365) (Subject)
SC 13G/A - Super Micro Computer, Inc. (0001375365) (Subject)
Taiwan’s Premier Cho Jung-tai has announced a sweeping economic and social reform plan, aiming to attract nearly $100 billion in investments. This comes after former President Donald Trump said “Taiwan should pay us for defense.” What Happened: The reform plan would focus on energy, artificial intelligence, and infrastructure. The strategy includes appealing to Taiwanese investors disillusioned with conducting business in China, a trend the government aims to capitalize on, said Premier Cho in an interview with Nikkei Asia. The plan is in line with President Lai Ching-te‘s vision of a “smarter, forward-looking sustainability,” exploring ocean and space industries, and enhancing Taiwan’
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. Below are some instances of options activity happening in the Information Technology sector: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume TSM CALL SWEEP BEARISH 11/15/24 $175.00 $218.2K 1.3K 76.6K NVDA PUT SWEEP
JP Morgan downgraded Super Micro Computer from Neutral to Underweight and set a new price target of $23.00 from $50.00 previously
Argus downgraded Super Micro Computer from Buy to Hold
Needham initiated coverage of Super Micro Computer with a rating of Buy and set a new price target of $600.00
4 - Super Micro Computer, Inc. (0001375365) (Issuer)
4 - Super Micro Computer, Inc. (0001375365) (Issuer)
4 - Super Micro Computer, Inc. (0001375365) (Issuer)
8-K - Super Micro Computer, Inc. (0001375365) (Filer)
8-K - Super Micro Computer, Inc. (0001375365) (Filer)
NT 10-Q - Super Micro Computer, Inc. (0001375365) (Filer)
4 - Super Micro Computer, Inc. (0001375365) (Issuer)
Super Micro Computer, Inc. (SMCI), a Total IT Solution Provider for AI, Cloud, Storage, and 5G/Edge, today announced that it will provide a first quarter fiscal 2025 business update on Tuesday, November 5, 2025, at 5:00 p.m. ET / 2:00 p.m. PT. The webcast will be available at https://ir.supermicro.com. A replay of the webcast will be available shortly after the call at the same website and will remain accessible for one year. Cautionary Statement Regarding Forward Looking Statements Statements contained in this press release that are not historical in fact may be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Super Micro Computer, Inc. (NASDAQ:SMCI), a Total IT Solution Provider for AI, Cloud, Storage and 5G/Edge, today announced fourth quarter and full-year financial results for fiscal year 2024 ended June 30, 2024. Fourth Quarter of Fiscal Year 2024 Highlights Net sales of $5.31 billion versus $3.85 billion in the third quarter of fiscal year 2024 and $2.18 billion in the same quarter of last year. Gross margin of 11.2% versus 15.5% in the third quarter of fiscal year 2024 and 17.0% in the same quarter of last year. Net income of $353 million versus $402 million in the third quarter of fiscal year 2024 and $194 million in the same quarter of last year. Diluted net income per c
Super Micro Computer, Inc. (NASDAQ:SMCI), a Total IT Solution Provider for AI, Cloud, Storage and 5G/Edge, today announced it will present a live audio webcast of a conference call to review its fiscal 2024 fourth quarter and full year financial results on Tuesday, August 6, 2024 at 5:00 p.m. ET / 2:00 p.m. PT. The webcast will be available at https://ir.supermicro.com. A replay of the webcast will be available shortly after the call at the same website and will remain accessible for one year. About Super Micro Computer, Inc. Supermicro (NASDAQ:SMCI) is a global leader in Application-Optimized Total IT Solutions. Founded and operating in San Jose, California, Supermicro is committed