Super Micro Computer (NASDAQ:SMCI) Stock Price Down 9.7% – Here’s Why

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) dropped 9.7% on Wednesday . The stock traded as low as $25.68 and last traded at $25.70. 39,938,072 shares changed hands during trading, a decline of 9% from the average session volume of 43,978,859 shares. The stock had previously closed at $28.45.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. The Goldman Sachs Group reissued a “sell” rating on shares of Super Micro Computer in a report on Wednesday, May 6th. JPMorgan Chase & Co. lifted their target price on shares of Super Micro Computer from $28.00 to $32.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Barclays boosted their target price on shares of Super Micro Computer from $34.00 to $38.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 22nd. Raymond James Financial lowered their price target on shares of Super Micro Computer from $45.00 to $39.00 in a report on Friday, June 12th. Finally, Wedbush dropped their price target on shares of Super Micro Computer from $42.00 to $34.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 6th. Four equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $39.21.

Super Micro Computer Stock Up 1.4%

The company has a market cap of $16.92 billion, a PE ratio of 14.98, a P/E/G ratio of 0.30 and a beta of 1.94. The business has a 50-day simple moving average of $32.35 and a 200-day simple moving average of $30.46. The company has a quick ratio of 1.29, a current ratio of 2.66 and a debt-to-equity ratio of 0.88.

Super Micro Computer (NASDAQ:SMCI) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.63 by $0.21. The company had revenue of $10.24 billion for the quarter, compared to analyst estimates of $12.39 billion. Super Micro Computer had a return on equity of 17.49% and a net margin of 3.70%.Super Micro Computer’s quarterly revenue was up 122.7% compared to the same quarter last year. During the same period last year, the company earned $0.31 earnings per share. Super Micro Computer has set its Q4 2026 guidance at 0.650-0.790 EPS. Equities research analysts anticipate that Super Micro Computer, Inc. will post 2.1 EPS for the current year.

Institutional Investors Weigh In On Super Micro Computer

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

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.