Super Micro Computer (NASDAQ:SMCI) Shares Down 1.1% – Here’s What Happened

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) traded down 1.1% during trading on Monday. The stock traded as low as $42.80 and last traded at $43.19. Approximately 21,681,229 shares changed hands during mid-day trading, a decline of 51% from the average session volume of 44,071,273 shares. The stock had previously closed at $43.69.

Analyst Ratings Changes

Several research firms have commented on SMCI. Citigroup increased their price objective on shares of Super Micro Computer from $33.00 to $39.00 and gave the company a “neutral” rating in a report on Wednesday, August 12th. Stifel Nicolaus set a $42.00 target price on Super Micro Computer in a research report on Wednesday, August 12th. Northland Securities set a $36.00 target price on Super Micro Computer in a research report on Wednesday, July 22nd. Mizuho set a $35.00 target price on shares of Super Micro Computer and gave the company a “neutral” rating in a report on Wednesday, August 12th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Super Micro Computer in a research note on Monday, September 21st. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Super Micro Computer presently has a consensus rating of “Hold” and a consensus target price of $42.13.

Super Micro Computer Stock Performance

The stock has a market capitalization of $28.37 billion, a PE ratio of 13.50, a PEG ratio of 0.84 and a beta of 2.02. The business’s 50 day moving average is $36.71 and its 200 day moving average is $32.44. The company has a current ratio of 3.87, a quick ratio of 2.07 and a debt-to-equity ratio of 0.65.

Super Micro Computer (NASDAQ:SMCI) last posted its quarterly earnings data on Tuesday, August 11th. The company reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.78. The company 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 firm’s revenue for the quarter was up 93.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.31 EPS. Super Micro Computer has set its Q1 2027 guidance at 1.010-1.100 EPS. On average, equities research analysts predict that Super Micro Computer, Inc. will post 3.94 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Charles Liang sold 100,000 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $37.19, for a total value of $3,719,000.00. Following the transaction, the chief executive officer owned 537,506 shares of the company’s stock, valued at $19,989,848.14. This trade represents a 15.69% decrease in their position. The transaction was disclosed in a filing with the SEC, 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 Super Micro Computer stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $37.19, for a total transaction of $3,719,000.00. Following the sale, the director owned 537,506 shares of the company’s stock, valued at $19,989,848.14. The trade was a 15.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 16.10% of the company’s stock.

Institutional Investors Weigh In On Super Micro Computer

Several hedge funds have recently made changes to their positions in SMCI. Dimensional Fund Advisors LP increased its stake in shares of Super Micro Computer by 2.8% during the first quarter. Dimensional Fund Advisors LP now owns 4,082,780 shares of the company’s stock valued at $92,872,000 after buying an additional 111,388 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of Super Micro Computer by 1,770.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 2,174,863 shares of the company’s stock valued at $63,789,000 after purchasing an additional 2,058,588 shares in the last quarter. Swiss National Bank lifted its holdings in Super Micro Computer by 7.6% during the first quarter. Swiss National Bank now owns 1,576,800 shares of the company’s stock worth $35,904,000 after buying an additional 111,100 shares during the period. Hsbc Holdings PLC lifted its holdings in Super Micro Computer by 13.7% during the fourth quarter. Hsbc Holdings PLC now owns 1,134,891 shares of the company’s stock worth $33,203,000 after buying an additional 137,180 shares during the period. Finally, Principal Financial Group Inc. boosted its position in Super Micro Computer by 1.3% during the 1st quarter. Principal Financial Group Inc. now owns 565,746 shares of the company’s stock valued at $12,882,000 after acquiring an additional 7,373 shares in the last quarter. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

Super Micro Computer Company Profile

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.