Super Micro Computer (NASDAQ:SMCI) Stock Price Down 2.3% – Should You Sell?

Super Micro Computer, Inc. (NASDAQ:SMCI) shares fell 2.3% on Monday . The stock traded as low as $27.22 and last traded at $27.66. 22,672,610 shares were traded during trading, a decline of 48% from the average daily volume of 43,374,676 shares. The stock had previously closed at $28.31.

Analyst Ratings Changes

A number of equities analysts have recently commented on SMCI shares. Weiss Ratings restated a “hold (c)” rating on shares of Super Micro Computer in a research report on Wednesday, June 24th. Mizuho upped their target price on shares of Super Micro Computer from $36.00 to $44.00 and gave the stock a “neutral” rating in a report on Monday, June 1st. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 target price on shares of Super Micro Computer in a research note on Wednesday, May 6th. Barclays cut their price target 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, Northland Securities boosted their price target on shares of Super Micro Computer from $22.00 to $34.00 in a research report on Wednesday, May 6th. Four investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $38.71.

Super Micro Computer Stock Down 0.0%

The company has a debt-to-equity ratio of 0.88, a current ratio of 2.66 and a quick ratio of 1.29. The company has a market cap of $16.63 billion, a PE ratio of 14.63, a price-to-earnings-growth ratio of 0.35 and a beta of 1.94. The company has a fifty day moving average price of $33.66 and a 200 day moving average price of $30.69.

Super Micro Computer (NASDAQ:SMCI) last announced its earnings results on Tuesday, May 5th. The company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.21. Super Micro Computer had a net margin of 3.70% and a return on equity of 17.49%. The business had revenue of $10.24 billion for the quarter, compared to the consensus estimate of $12.39 billion. During the same period last year, the firm posted $0.31 earnings per share. Super Micro Computer’s quarterly 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. As a group, analysts anticipate that Super Micro Computer, Inc. will post 2.13 EPS for the current year.

Hedge Funds Weigh In On Super Micro Computer

A number of hedge funds and other institutional investors have recently modified their holdings of the company. OVERSEA CHINESE BANKING Corp Ltd increased its position in shares of Super Micro Computer by 210.8% in the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 49,806 shares of the company’s stock valued at $1,498,000 after acquiring an additional 33,782 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Super Micro Computer by 54.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 107,789 shares of the company’s stock worth $3,155,000 after purchasing an additional 38,098 shares during the last quarter. Generali Asset Management SPA SGR increased its holdings in Super Micro Computer by 235.2% during the 4th quarter. Generali Asset Management SPA SGR now owns 70,389 shares of the company’s stock valued at $2,060,000 after purchasing an additional 49,389 shares during the period. Peterson Wealth Management bought a new position in Super Micro Computer during the 3rd quarter valued at approximately $993,000. Finally, Strs Ohio grew its position in shares of Super Micro Computer by 41.9% in the 4th quarter. Strs Ohio now owns 237,299 shares of the company’s stock worth $6,946,000 after buying an additional 70,021 shares during the last quarter. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

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.