Super Micro Computer, Inc. (NASDAQ:SMCI) director Scott Angel has disclosed a direct acquisition of company common stock, according to a regulatory filing. The transaction, dated November 6, 2026, involved the purchase of 1,715 shares at a price of $29.1199 per share, for a total value of $49,940. Following the acquisition, Angel directly holds 8,770 shares of Super Micro Computer common stock.
The insider purchase comes at a time when SMCI is trading at a price-to-earnings ratio of just 5.82, a level described as significantly below industry averages. According to an analysis, the stock appears undervalued, with shares currently trading well below the platform's Fair Value estimate. Investors seeking detailed valuation metrics and exclusive insights can access a comprehensive Pro Research Report, available for SMCI and more than 1,400 other US equities.
Recent financial results and guidance
In other recent news, Super Micro Computer reported September quarter revenue of $19.9 billion, surpassing consensus estimates of $15.0 billion. The company also provided guidance for December quarter revenue at $20.5 billion, which is above the expected $16.5 billion. Despite a decrease in gross margin to 12.8%, Super Micro Computer's AI mix increased to 71%. Following these results, the company raised its fiscal 2027 revenue guidance to a range of $72 billion to $82 billion, with some firms noting a record backlog as a contributing factor.
Analyst reactions
Several analyst firms have responded to these developments with adjustments to their price targets and ratings:
- Raymond James increased its price target to $65, maintaining an Outperform rating.
- Rosenblatt reiterated a Buy rating with a $57 target.
- Needham also maintained a Buy rating, keeping its target at $46, despite noting a miss on earnings per share.
- Mizuho lowered its price target to $36, maintaining a Neutral rating, citing competitive pressures.
- Susquehanna raised its price target to $18 from $15, holding a Negative rating on the stock.
The mixed analyst actions reflect a range of views on the company's outlook, with some firms pointing to strong revenue growth and backlog while others highlight margin pressures and competitive dynamics.
Super Micro Computer shares closed at $27.79, down $0.81 or 2.83%, on the most recent trading day. In after-hours trading, the stock was quoted at $29.46, up $1.67 or 6.01%.