Super Micro Computer (NASDAQ:SMCI) Price Target Cut to $51.00 by Analysts at Needham & Company LLC

Super Micro Computer (NASDAQ:SMCI) had its target price decreased by Needham & Company LLC from $60.00 to $51.00 in a report released on Wednesday morning, Marketbeat.com reports. Needham & Company LLC currently has a buy rating on the stock.

A number of other brokerages also recently issued reports on SMCI. Weiss Ratings reissued a “hold (c+)” rating on shares of Super Micro Computer in a report on Wednesday, October 8th. Zacks Research raised Super Micro Computer to a “hold” rating in a report on Monday, August 11th. Raymond James Financial reissued an “outperform” rating and issued a $53.00 price target on shares of Super Micro Computer in a report on Thursday, October 23rd. Northland Securities boosted their price target on Super Micro Computer from $59.00 to $67.00 in a report on Friday, October 24th. Finally, JPMorgan Chase & Co. decreased their price target on Super Micro Computer from $45.00 to $43.00 and set a “neutral” rating for the company in a report on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $47.53.

Super Micro Computer Trading Down 11.3%

Shares of NASDAQ:SMCI opened at $42.03 on Wednesday. Super Micro Computer has a 52-week low of $17.25 and a 52-week high of $66.44. The stock has a market cap of $24.98 billion, a price-to-earnings ratio of 25.32, a PEG ratio of 1.30 and a beta of 1.55. The company has a quick ratio of 3.25, a current ratio of 5.25 and a debt-to-equity ratio of 0.74. The business has a 50-day moving average price of $48.40 and a 200-day moving average price of $45.81.

Super Micro Computer (NASDAQ:SMCI) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.11). Super Micro Computer had a return on equity of 17.14% and a net margin of 4.77%.The firm had revenue of $5.02 billion during the quarter, compared to analysts’ expectations of $6.48 billion. During the same quarter in the previous year, the business earned $0.73 earnings per share. The company’s revenue for the quarter was down 15.5% compared to the same quarter last year. Super Micro Computer has set its Q2 2026 guidance at 0.460-0.540 EPS. FY 2026 guidance at EPS. Equities analysts predict that Super Micro Computer will post 1.86 EPS for the current year.

Insiders Place Their Bets

In other Super Micro Computer news, CFO David E. Weigand sold 25,000 shares of the business’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $45.14, for a total transaction of $1,128,500.00. Following the transaction, the chief financial officer owned 100,188 shares of the company’s stock, valued at approximately $4,522,486.32. The trade was a 19.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP George Kao sold 40,000 shares of the business’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $43.88, for a total value of $1,755,200.00. Following the transaction, the senior vice president directly owned 21,820 shares in the company, valued at $957,461.60. This trade represents a 64.70% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 90,000 shares of company stock worth $3,890,950 in the last three months. 16.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Super Micro Computer

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BHK Investment Advisors LLC acquired a new position in Super Micro Computer during the third quarter worth $336,000. Azzad Asset Management Inc. ADV purchased a new stake in Super Micro Computer in the third quarter valued at $567,000. Arkfeld Wealth Strategies L.L.C. raised its position in Super Micro Computer by 9.3% in the third quarter. Arkfeld Wealth Strategies L.L.C. now owns 6,350 shares of the company’s stock valued at $330,000 after purchasing an additional 540 shares during the period. Moloney Securities Asset Management LLC raised its position in Super Micro Computer by 14.2% in the third quarter. Moloney Securities Asset Management LLC now owns 15,377 shares of the company’s stock valued at $737,000 after purchasing an additional 1,912 shares during the period. Finally, Canada Post Corp Registered Pension Plan raised its position in Super Micro Computer by 18.8% in the third quarter. Canada Post Corp Registered Pension Plan now owns 10,110 shares of the company’s stock valued at $469,000 after purchasing an additional 1,600 shares during the period. Institutional investors and hedge funds own 84.06% of the company’s stock.

About Super Micro Computer

Super Micro Computer, Inc, together with its subsidiaries, develops and manufactures high performance server and storage solutions based on modular and open architecture in the United States, Europe, Asia, and internationally. Its solutions range from complete server, storage systems, modular blade servers, blades, workstations, full racks, networking devices, server sub-systems, server management software, and security software.