Super Micro Computer (NASDAQ:SMCI) Stock Price Down 2.7% – What’s Next?

Super Micro Computer, Inc. (NASDAQ:SMCI)’s stock price fell 2.7% on Wednesday . The stock traded as low as $26.17 and last traded at $26.89. 25,245,625 shares were traded during mid-day trading, a decline of 41% from the average session volume of 43,103,957 shares. The stock had previously closed at $27.65.

Analyst Ratings Changes

A number of research firms have recently commented on SMCI. Needham & Company LLC reissued a “buy” rating and issued a $40.00 target price on shares of Super Micro Computer in a report on Wednesday, May 6th. Argus reaffirmed a “hold” rating on shares of Super Micro Computer in a report on Friday, March 20th. JPMorgan Chase & Co. upped their price objective on shares of Super Micro Computer from $28.00 to $32.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Barclays dropped their price objective on shares of Super Micro Computer from $38.00 to $34.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 6th. Finally, Bank of America cut their target price on shares of Super Micro Computer from $34.00 to $24.00 and set an “underperform” rating on the stock in a research report on Tuesday, March 24th. Four research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $38.71.

Super Micro Computer Trading Down 8.2%

The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.29 and a current ratio of 2.66. The firm’s fifty day simple moving average is $33.33 and its 200-day simple moving average is $30.62. The stock has a market cap of $14.84 billion, a P/E ratio of 13.06, a price-to-earnings-growth ratio of 0.34 and a beta of 1.94.

Super Micro Computer (NASDAQ:SMCI) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.21. Super Micro Computer had a net margin of 3.70% and a return on equity of 17.49%. The company had revenue of $10.24 billion for the quarter, compared to analyst estimates of $12.39 billion. During the same period in the prior year, the firm posted $0.31 EPS. The company’s quarterly revenue was up 122.7% on a year-over-year basis. Super Micro Computer has set its Q4 2026 guidance at 0.650-0.790 EPS. Equities research analysts expect that Super Micro Computer, Inc. will post 2.13 EPS for the current fiscal year.

Institutional Investors Weigh In On Super Micro Computer

Several institutional investors and hedge funds have recently made changes to their positions in the business. Trust Asset Management LLC bought a new stake in Super Micro Computer in the second quarter worth approximately $164,000. Tema ETFs LLC lifted its position in shares of Super Micro Computer by 10.5% during the 2nd quarter. Tema ETFs LLC now owns 10,663 shares of the company’s stock valued at $313,000 after acquiring an additional 1,015 shares during the period. Redhawk Wealth Advisors Inc. bought a new position in Super Micro Computer during the second quarter worth $253,000. Contravisory Investment Management Inc. bought a new stake in Super Micro Computer in the second quarter valued at $49,000. Finally, World Equity Group Inc. raised its holdings in shares of Super Micro Computer by 21.3% during the second quarter. World Equity Group Inc. now owns 11,977 shares of the company’s stock valued at $351,000 after purchasing an additional 2,100 shares during the period. Institutional investors own 84.06% of the company’s stock.

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.