Super Micro Computer (NASDAQ:SMCI) Shares Down 1.8% – What’s Next?

Super Micro Computer, Inc. (NASDAQ:SMCI) fell 1.8% during trading on Tuesday. The stock traded as low as $40.86 and last traded at $41.02. 25,051,674 shares changed hands during mid-day trading, a decline of 44% from the average session volume of 44,351,125 shares. The stock had previously closed at $41.78.

Analyst Upgrades and Downgrades

SMCI has been the topic of several recent research reports. Sanford C. Bernstein set a $42.00 target price on shares of Super Micro Computer in a research note on Thursday, August 13th. Wedbush raised their price target on shares of Super Micro Computer from $34.00 to $40.00 and gave the company a “neutral” rating in a research report on Wednesday, August 12th. Needham & Company LLC restated a “buy” rating and issued a $46.00 price target on shares of Super Micro Computer in a research note on Wednesday, August 12th. Northland Securities set a $36.00 price objective on Super Micro Computer in a research report on Wednesday, July 22nd. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $48.00 price objective on shares of Super Micro Computer in a research note on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $42.13.

Super Micro Computer Stock Down 0.5%

The firm’s fifty day simple moving average is $36.22 and its 200 day simple moving average is $32.28. The company has a current ratio of 3.87, a quick ratio of 2.07 and a debt-to-equity ratio of 0.65. The company has a market cap of $26.84 billion, a price-to-earnings ratio of 12.76, a PEG ratio of 0.79 and a beta of 2.00.

Super Micro Computer (NASDAQ:SMCI) last announced its quarterly earnings data on Tuesday, August 11th. The company reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.78. The business had revenue of $11.12 billion for the quarter, compared to analyst estimates of $11.60 billion. Super Micro Computer had a net margin of 5.71% and a return on equity of 27.83%. The company’s revenue was up 93.2% on a year-over-year basis. During the same period last year, the business earned $0.31 EPS. Super Micro Computer has set its Q1 2027 guidance at 1.010-1.100 EPS. Sell-side analysts predict that Super Micro Computer, Inc. will post 3.94 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Charles Liang sold 100,000 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $37.19, for a total transaction of $3,719,000.00. Following the sale, the chief executive officer owned 537,506 shares of the company’s stock, valued at approximately $19,989,848.14. This trade represents a 15.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Chiu-Chu Liang sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $37.19, for a total value of $3,719,000.00. Following the sale, the director owned 537,506 shares of the company’s stock, valued at approximately $19,989,848.14. The trade was a 15.69% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 16.10% of the stock is owned by company insiders.

Institutional Trading of Super Micro Computer

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SHP Wealth Management acquired a new position in shares of Super Micro Computer in the 4th quarter valued at $29,000. TOP Private Wealth LLC. acquired a new stake in Super Micro Computer during the 2nd quarter worth $42,000. Comprehensive Financial Planning Inc. PA purchased a new stake in Super Micro Computer in the second quarter valued at $43,000. BNP Paribas purchased a new stake in Super Micro Computer in the fourth quarter valued at $47,000. Finally, Banque Cantonale Vaudoise acquired a new position in Super Micro Computer in the first quarter valued at $37,000. Institutional investors and hedge funds own 84.06% of the company’s stock.

About Super Micro Computer

Super Micro Computer, Inc develops and sells application-optimized server and storage systems for data centers, cloud computing, enterprise IT, artificial intelligence, and other demanding computing environments. The company offers complete computing platforms as well as modular components, allowing customers to configure systems for specific performance, power, and workload requirements.

Its product portfolio includes server and storage systems, workstations, networking equipment, rack-scale solutions, GPU and AI systems, and related software and services.