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

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) were down 1.1% during trading on Monday. The company 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 daily volume of 44,071,273 shares. The stock had previously closed at $43.69.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SMCI. Wedbush boosted their price objective on shares of Super Micro Computer from $34.00 to $40.00 and gave the company a “neutral” rating in a report on Wednesday, August 12th. Weiss Ratings restated a “hold (c)” rating on shares of Super Micro Computer in a report on Monday, September 21st. Raymond James Financial reaffirmed an “outperform” rating and issued a $48.00 price objective on shares of Super Micro Computer in a report on Wednesday, August 12th. Wolfe Research initiated coverage on Super Micro Computer in a research report on Thursday, June 11th. They set a “peer perform” rating for the company. Finally, Citigroup raised their target price on Super Micro Computer from $33.00 to $39.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Super Micro Computer presently has a consensus rating of “Hold” and an average target price of $42.13.

Super Micro Computer Trading Down 1.1%

The company has a quick ratio of 2.07, a current ratio of 3.87 and a debt-to-equity ratio of 0.65. The firm 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 stock’s fifty day simple moving average is $36.71 and its 200 day simple moving average is $32.44.

Super Micro Computer (NASDAQ:SMCI) last issued its quarterly earnings results on Tuesday, August 11th. The company reported $1.70 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.78. Super Micro Computer had a net margin of 5.71% and a return on equity of 27.83%. The business had revenue of $11.12 billion for the quarter, compared to analysts’ expectations of $11.60 billion. During the same quarter last year, the company posted $0.31 EPS. The company’s revenue was up 93.2% compared to the same quarter last year. Super Micro Computer has set its Q1 2027 guidance at 1.010-1.100 EPS. On average, sell-side analysts predict that Super Micro Computer, Inc. will post 3.94 earnings per share for the current year.

Insider Buying and Selling at Super Micro Computer

In other news, Director Chiu-Chu Liang sold 100,000 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $37.19, for a total value of $3,719,000.00. Following the transaction, the director owned 537,506 shares of the company’s stock, valued at $19,989,848.14. This trade represents a 15.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Charles 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 value of $3,719,000.00. Following the transaction, the chief executive officer directly owned 537,506 shares in the company, valued at approximately $19,989,848.14. The trade was a 15.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 16.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. SHP Wealth Management bought a new position in shares of Super Micro Computer in the fourth quarter worth about $29,000. TOP Private Wealth LLC. bought a new stake in Super Micro Computer during the 2nd quarter valued at approximately $42,000. Comprehensive Financial Planning Inc. PA purchased a new position in Super Micro Computer in the 2nd quarter worth approximately $43,000. Banque Cantonale Vaudoise purchased a new position in Super Micro Computer in the 1st quarter worth approximately $37,000. Finally, Contravisory Investment Management Inc. bought a new position in Super Micro Computer in the 2nd quarter worth approximately $49,000. Institutional investors own 84.06% of the company’s stock.

About Super Micro Computer

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.