Super Micro Computer (NASDAQ:SMCI) Stock Price Down 2.8% – Should You Sell?

Super Micro Computer, Inc. (NASDAQ:SMCI)’s share price was down 2.8% on Thursday . The stock traded as low as $30.80 and last traded at $30.90. 16,501,964 shares changed hands during mid-day trading, a decline of 48% from the average daily volume of 31,664,883 shares. The stock had previously closed at $31.79.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SMCI. Needham & Company LLC reduced their price objective on Super Micro Computer from $51.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, February 4th. Barclays set a $38.00 target price on Super Micro Computer and gave the stock an “equal weight” rating in a research note on Wednesday, February 4th. Zacks Research upgraded Super Micro Computer from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Sanford C. Bernstein decreased their price objective on Super Micro Computer from $42.00 to $37.00 and set a “market perform” rating on the stock in a report on Wednesday, February 4th. Finally, Wall Street Zen upgraded Super Micro Computer from a “sell” rating to a “hold” rating in a research report on Sunday, February 15th. Five research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $43.43.

Super Micro Computer Stock Performance

The stock’s 50-day simple moving average is $31.21 and its 200-day simple moving average is $38.11. The stock has a market cap of $18.51 billion, a price-to-earnings ratio of 23.06, a price-to-earnings-growth ratio of 0.63 and a beta of 1.52. The company has a current ratio of 1.70, a quick ratio of 1.01 and a debt-to-equity ratio of 0.67.

Super Micro Computer (NASDAQ:SMCI) last released its quarterly earnings results on Tuesday, February 3rd. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.20. The company had revenue of $12.68 billion during the quarter, compared to the consensus estimate of $10.34 billion. Super Micro Computer had a net margin of 3.11% and a return on equity of 13.22%. The firm’s quarterly revenue was up 123.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.59 earnings per share. Super Micro Computer has set its Q3 2026 guidance at 0.600- EPS. Analysts forecast that Super Micro Computer, Inc. will post 1.86 earnings per share for the current fiscal year.

Institutional Trading of Super Micro Computer

A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in Super Micro Computer by 2.7% in the second quarter. Vanguard Group Inc. now owns 66,152,948 shares of the company’s stock valued at $3,242,156,000 after purchasing an additional 1,745,179 shares in the last quarter. Norges Bank acquired a new stake in Super Micro Computer during the second quarter worth about $150,395,000. Focus Financial Network Inc. increased its holdings in Super Micro Computer by 4,042.2% in the 3rd quarter. Focus Financial Network Inc. now owns 264,688 shares of the company’s stock valued at $12,689,000 after buying an additional 258,298 shares during the period. BLKBRD Asset Management LP bought a new position in Super Micro Computer in the 2nd quarter valued at about $9,486,000. Finally, Thames Capital Management LLC acquired a new position in shares of Super Micro Computer in the 2nd quarter valued at approximately $12,760,000. 84.06% of the stock is currently owned by institutional investors.

About Super Micro Computer

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.