Super Micro Computer Inc: Not Just Any Tech Stock

Dive into the world of 'super' tech stocks with Super Micro Computer Incโ€”thriving in earnings, sales, and financial stewardship. #SMCI

WEALTH WORKSHOP

7/27/20231 min read

Let's take a look at the world of tech stocks. Amid the hustle and bustle, there's one that's making waves - Super Micro Computer Inc (NASDAQ: SMCI). When they say "super," they aren't joking.

This company isn't just running with the tech packโ€”it's sprinting ahead. The stock price is confidently striding at $303.15 per share. And let's be clear, SMCI is not here to play small.

Now, onto earnings. You may have heard about SMCI's 'super' performance, but we're here to spill the details. The earnings per share have increased by 5% from the last quarter, and the average growth over the last three quarters stands at a whopping 255.1%. That's more 'super' than a superhero in a blockbuster movie!

But it's not all about earnings. SMCI also excels in the sales department. Over the past three years, the company has maintained a steady sales growth rate of 31%, which is no mean feat in today's competitive market.

SMCI isn't just about earning and selling, though. It's also a responsible financial steward, with a low debt-to-equity ratio, assuring investors about its robust financial health.

Now, the cherry on top: institutional investors are jumping on the SMCI bandwagon, with a 14% increase in the number of funds owning the stock. Clearly, when SMCI calls, Wall Street listens.

In conclusion, Super Micro Computer Inc. isn't just any tech stock. It's a 'super' stock worth considering for your portfolio.