Super Micro Computer Inc. to Join the Nasdaq-100 Index® Beginning July 22, 2024
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 13 2024
0mins
Should l Buy NDAQ?
Source: Newsfilter
- Nasdaq Index Changes: Super Micro Computer Inc. will replace Walgreens Boots Alliance Inc. in the Nasdaq-100 Index and other related indices on July 22, 2024.
- About Nasdaq: Nasdaq is a global technology company providing services to corporate clients, investment managers, banks, brokers, and exchange operators in the financial markets.
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Analyst Views on NDAQ
Wall Street analysts forecast NDAQ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NDAQ is 105.89 USD with a low forecast of 96.00 USD and a high forecast of 115.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
10 Buy
1 Hold
0 Sell
Strong Buy
Current: 84.830
Low
96.00
Averages
105.89
High
115.00
Current: 84.830
Low
96.00
Averages
105.89
High
115.00
About NDAQ
Nasdaq, Inc. is a global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. The Company manages, operates and provides its products and services in three business segments: Capital Access Platforms, Financial Technology and Market Services. Its Capital Access Platforms segment comprises Data & Listing Services, Index and Workflow & Insights. The Financial Technology segment comprises Financial Crime Management Technology, Regulatory Technology and Capital Markets Technology businesses. Its Market Services segment includes its equity derivative trading and clearing, cash equity trading, fixed income, currency and commodities trading. It operates over 19 exchanges across several asset classes, including derivatives, commodities, cash equity, debt, structured products and exchange-traded products (ETPs).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- IPO Opportunities: With tech giants like SpaceX preparing for IPOs, the fast entry rule will provide these companies with quicker market access, likely attracting more investor attention.
- Significant ETF Impact: Under the new rules, ETFs based on the Nasdaq 100, such as the Invesco QQQ ETF with $412 billion in assets under management, will automatically include new stocks, further driving capital inflows into the market.
- Implementation Timeline: If the proposal is finalized, it will be implemented after the March 23, 2026 quarterly rebalance, marking Nasdaq's adaptability to changing market dynamics.
See More
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- New Rule Proposal: Nasdaq has proposed a 'Fast Entry' rule that allows newly listed companies with a market cap among the top 40 to be included in the index with at least five trading days' notice, significantly reducing delays for IPOs and exchange transfers.
- Market Impact: The implementation of this rule is expected to enable tech giants like Elon Musk's SpaceX and AI startup Anthropic to be reflected in the index more quickly in 2026, thereby boosting investor confidence in the market.
- Index Composition Adjustment: The new rule allows new listings to temporarily increase the number of constituents without replacing existing index members, which is anticipated to enhance the representativeness of the Nasdaq 100 index.
- Strategic Significance: As tech giants leverage AI to drive valuations into the hundreds of billions, this proposal will help Nasdaq better align with market dynamics, reinforcing its position as the preferred exchange for technology companies.
See More
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- Enhanced Trading Environment: OSE's CEO Ryusuke Yokoyama stated that this partnership will significantly improve the foundation of derivatives trading, aiming to provide a safer and more efficient trading environment for market participants by combining Nasdaq's expertise with OSE's experience, thereby enhancing market trust.
- Flexibility to Market Changes: Nasdaq's Eqlipse Trading platform will support multi-asset trading with ultra-low latency and adaptability to changing market conditions, while also providing robust risk management tools to ensure efficient management during volume fluctuations.
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- AI Integration: The launch of the Agentic AI workforce, starting with the Agentic Sanctions Analyst, has received positive early client feedback, and plans to implement 23/5 trading in the second half of 2026 aim to enhance market competitiveness.
- Accelerated Market Activity: Management anticipates an acceleration in capital markets activity in 2026, supported by recent Fed cuts and a robust pipeline of late-stage private companies, indicating a vibrant new issuance environment.
- Financial Crime Management Partnership: The new partnership with BioCatch aims to enhance financial crime management technology, with a goal to exceed $100 million in run-rate revenue from cross-sells by the end of 2027, underscoring the company's strategic focus on compliance.
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- Adjusted EPS: The company reported an adjusted EPS of 96 cents, exceeding the analyst consensus estimate of 91 cents, reflecting improved profitability and increased market confidence.
- Annual Recurring Revenue: Nasdaq's Annualized Recurring Revenue increased by 10% year-over-year to $3.1 billion, demonstrating robust growth in recurring revenue streams and enhancing future financial stability.
- Shareholder Return Strategy: In Q4 2025, Nasdaq returned $153 million to shareholders through dividends and repurchased $286 million of common stock, highlighting the company's commitment to shareholder value and its strong financial health.
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