Super Micro Computer (NASDAQ:SMCI) Trading Down 2% – Here’s Why

Super Micro Computer, Inc. (NASDAQ:SMCI)’s stock price fell 2% during mid-day trading on Friday . The company traded as low as $23.38 and last traded at $24.18. Approximately 31,777,812 shares were traded during trading, a decline of 26% from the average session volume of 42,969,348 shares. The stock had previously closed at $24.68.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. upped their target price on Super Micro Computer from $28.00 to $32.00 and gave the company a “neutral” rating in a research 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 research note on Wednesday, May 6th. Raymond James Financial decreased their price objective on Super Micro Computer from $45.00 to $39.00 in a report on Friday, June 12th. CJS Securities upgraded Super Micro Computer from a “market underperform” rating to a “market perform” rating in a research report on Wednesday, May 6th. Finally, Mizuho lifted their target price on Super Micro Computer from $36.00 to $44.00 and gave the stock a “neutral” rating in a report on Monday, June 1st. Four equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $38.71.

Super Micro Computer Stock Performance

The stock’s 50-day simple moving average is $33.33 and its 200-day simple moving average is $30.62. The stock has a market cap of $14.54 billion, a price-to-earnings ratio of 12.79, a price-to-earnings-growth ratio of 0.34 and a beta of 1.94. The company has a current ratio of 2.66, a quick ratio of 1.29 and a debt-to-equity ratio of 0.88.

Super Micro Computer (NASDAQ:SMCI) last released its quarterly 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. The company had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $12.39 billion. Super Micro Computer had a net margin of 3.70% and a return on equity of 17.49%. The firm’s quarterly revenue was up 122.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.31 earnings per share. Super Micro Computer has set its Q4 2026 guidance at 0.650-0.790 EPS. Analysts forecast that Super Micro Computer, Inc. will post 2.13 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Super Micro Computer

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SMCI. Flagship Harbor Advisors LLC bought a new stake in shares of Super Micro Computer during the 4th quarter valued at $25,000. Elyxium Wealth LLC bought a new position in shares of Super Micro Computer in the fourth quarter worth $26,000. Arax Advisory Partners bought a new position in shares of Super Micro Computer in the fourth quarter worth $28,000. SHP Wealth Management acquired a new position in Super Micro Computer in the fourth quarter valued at about $29,000. Finally, Concord Wealth Partners lifted its position in Super Micro Computer by 2,564.1% during the fourth quarter. Concord Wealth Partners now owns 1,039 shares of the company’s stock worth $30,000 after purchasing an additional 1,000 shares during the period. 84.06% of the stock is owned by institutional investors and hedge funds.

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.