Super Micro Computer (NASDAQ:SMCI) Stock Price Down 2.3% – Here’s Why

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) traded down 2.3% during mid-day trading on Monday . The stock traded as low as $27.22 and last traded at $27.66. Approximately 22,672,610 shares traded hands during mid-day trading, a decline of 48% from the average daily volume of 43,374,676 shares. The stock had previously closed at $28.31.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Needham & Company LLC reiterated a “buy” rating and set a $40.00 price target on shares of Super Micro Computer in a report on Wednesday, May 6th. Wolfe Research began coverage on Super Micro Computer in a research note on Thursday, June 11th. They set a “peer perform” rating for the company. Rosenblatt Securities lifted their target price on Super Micro Computer from $32.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Citigroup restated a “neutral” rating and set a $33.00 price target (up from $31.00) on shares of Super Micro Computer in a report on Monday. Finally, The Goldman Sachs Group reiterated a “sell” rating on shares of Super Micro Computer in a research report on Wednesday, May 6th. Four equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $38.71.

Super Micro Computer Trading Down 2.3%

The firm has a market cap of $16.64 billion, a price-to-earnings ratio of 14.64, a P/E/G ratio of 0.36 and a beta of 1.94. The firm’s 50-day moving average is $33.66 and its 200-day moving average is $30.73. The company has a current ratio of 2.66, a quick ratio of 1.29 and a debt-to-equity ratio of 0.88.

Super Micro Computer (NASDAQ:SMCI) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.21. The business had revenue of $10.24 billion for the quarter, compared to analysts’ expectations of $12.39 billion. Super Micro Computer had a net margin of 3.70% and a return on equity of 17.49%. The firm’s revenue for the quarter was up 122.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.31 EPS. Super Micro Computer has set its Q4 2026 guidance at 0.650-0.790 EPS. As a group, sell-side analysts anticipate that Super Micro Computer, Inc. will post 2.13 EPS for the current fiscal year.

Institutional Investors Weigh In On Super Micro Computer

Large investors have recently made changes to their positions in the business. MCF Advisors LLC increased its holdings in Super Micro Computer by 9.6% during the fourth quarter. MCF Advisors LLC now owns 3,696 shares of the company’s stock worth $108,000 after buying an additional 325 shares during the last quarter. CIBC Private Wealth Group LLC grew its position in shares of Super Micro Computer by 11.8% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 3,206 shares of the company’s stock valued at $154,000 after acquiring an additional 339 shares during the period. City State Bank increased its stake in shares of Super Micro Computer by 4.9% during the 4th quarter. City State Bank now owns 7,500 shares of the company’s stock worth $220,000 after purchasing an additional 350 shares during the last quarter. World Equity Group Inc. increased its stake in shares of Super Micro Computer by 3.8% during the 1st quarter. World Equity Group Inc. now owns 9,877 shares of the company’s stock worth $225,000 after purchasing an additional 362 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. raised its holdings in shares of Super Micro Computer by 8.3% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 4,897 shares of the company’s stock worth $143,000 after purchasing an additional 375 shares during the period. 84.06% of the stock is owned by hedge funds and other institutional investors.

Super Micro Computer Company Profile

Super Micro Computer, Inc (Supermicro) is a technology company that designs, develops and manufactures high-performance server, storage and networking solutions for enterprise, cloud, data center, high performance computing (HPC) and edge computing customers. The company’s product portfolio includes rackmount and blade servers, storage subsystems, motherboards, chassis, power supplies and networking components, with an emphasis on high-density, energy-efficient configurations and platforms optimized for GPU-accelerated workloads and artificial intelligence applications.

Headquartered in San Jose, California, Supermicro combines in-house engineering with a global manufacturing and distribution footprint to deliver configurable, application-specific systems.