Super Micro Computer (NASDAQ:SMCI) Trading Down 2% – Should You Sell?

Super Micro Computer, Inc. (NASDAQ:SMCI)’s share price dropped 2% during trading on Friday . The company traded as low as $23.38 and last traded at $24.18. Approximately 31,777,812 shares traded hands during trading, a decline of 26% from the average session volume of 42,969,348 shares. The stock had previously closed at $24.68.

Wall Street Analyst Weigh In

SMCI has been the subject of several recent analyst reports. JPMorgan Chase & Co. upped their price objective on Super Micro Computer from $28.00 to $32.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Bank of America decreased their target price on 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. Wedbush dropped their target price on shares of Super Micro Computer from $42.00 to $34.00 and set a “neutral” rating for the company in a report on Wednesday, May 6th. Barclays dropped their target price on shares of Super Micro Computer from $38.00 to $34.00 and set an “equal weight” rating for the company in a report on Wednesday, May 6th. Finally, Rosenblatt Securities lifted their price target on shares of Super Micro Computer from $32.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Four research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $38.71.

Super Micro Computer Stock Down 2.0%

The company has a current ratio of 2.66, a quick ratio of 1.29 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $14.54 billion, a P/E ratio of 12.79, a PEG ratio of 0.31 and a beta of 1.94. The stock has a 50 day moving average price of $33.11 and a 200 day moving average price of $30.58.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Norges Bank bought a new position in Super Micro Computer during the fourth quarter worth $136,569,000. Assenagon Asset Management S.A. boosted its position in Super Micro Computer by 1,770.4% during the second quarter. Assenagon Asset Management S.A. now owns 2,174,863 shares of the company’s stock valued at $63,789,000 after acquiring an additional 2,058,588 shares during the last quarter. Invesco Ltd. boosted its position in Super Micro Computer by 21.2% during the fourth quarter. Invesco Ltd. now owns 9,953,780 shares of the company’s stock valued at $291,347,000 after acquiring an additional 1,738,749 shares during the last quarter. Amundi grew its holdings in Super Micro Computer by 188.8% during the 4th quarter. Amundi now owns 2,421,891 shares of the company’s stock worth $70,889,000 after acquiring an additional 1,583,229 shares during the period. Finally, Disciplined Growth Investors Inc. MN raised its position in shares of Super Micro Computer by 16.5% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 9,730,773 shares of the company’s stock worth $476,905,000 after acquiring an additional 1,381,046 shares in the last quarter. Institutional investors and hedge funds own 84.06% of the company’s stock.

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.