Super Micro Computer (NASDAQ:SMCI) Stock Price Down 11.2% – Here’s What Happened

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) dropped 11.2% on Friday . The company traded as low as $41.04 and last traded at $41.64. Approximately 46,691,036 shares were traded during trading, an increase of 23% from the average daily volume of 38,006,961 shares. The stock had previously closed at $46.90.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. The Goldman Sachs Group reiterated a “sell” rating on shares of Super Micro Computer in a report on Wednesday, May 6th. Needham & Company LLC restated a “buy” rating and issued a $40.00 price target on shares of Super Micro Computer in a report on Wednesday, May 6th. Mizuho lifted their price objective on shares of Super Micro Computer from $36.00 to $44.00 and gave the stock a “neutral” rating in a research report on Monday. Wedbush reduced their price objective on shares of Super Micro Computer from $42.00 to $34.00 and set a “neutral” rating for the company in a research note on Wednesday, May 6th. Finally, Wall Street Zen raised shares of Super Micro Computer from a “sell” rating to a “hold” rating in a research report on Sunday, February 15th. Four analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Super Micro Computer currently has an average rating of “Hold” and an average target price of $39.00.

Super Micro Computer Stock Performance

The company has a quick ratio of 1.29, a current ratio of 2.66 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $25.04 billion, a PE ratio of 22.03, a PEG ratio of 0.79 and a beta of 1.87. The business has a 50 day simple moving average of $30.67 and a 200 day simple moving average of $31.07.

Super Micro Computer (NASDAQ:SMCI) last issued its quarterly earnings results 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 firm earned $0.31 earnings per share. The company’s 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 predict that Super Micro Computer, Inc. will post 2.12 EPS for the current fiscal year.

Institutional Investors Weigh In On Super Micro Computer

A number of institutional investors and hedge funds have recently modified their holdings of SMCI. Norges Bank acquired a new stake in Super Micro Computer during the 4th quarter valued at approximately $136,569,000. Clear Street Group Inc. acquired a new position in Super Micro Computer during the third quarter valued at $147,631,000. Vanguard Group Inc. boosted its holdings in Super Micro Computer by 4.1% in the third quarter. Vanguard Group Inc. now owns 68,848,777 shares of the company’s stock valued at $3,300,610,000 after purchasing an additional 2,695,829 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Super Micro Computer by 833.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,939,536 shares of the company’s stock valued at $140,882,000 after buying an additional 2,624,746 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Super Micro Computer by 21.2% in the 4th quarter. Invesco Ltd. now owns 9,953,780 shares of the company’s stock valued at $291,347,000 after buying an additional 1,738,749 shares during the period. Institutional investors and hedge funds 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.