Meridian Wealth Management LLC Sells 2,403 Shares of Super Micro Computer, Inc. $SMCI

Meridian Wealth Management LLC decreased its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI) by 30.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,373 shares of the company’s stock after selling 2,403 shares during the quarter. Meridian Wealth Management LLC’s holdings in Super Micro Computer were worth $263,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. TD Private Client Wealth LLC increased its holdings in shares of Super Micro Computer by 46.0% during the second quarter. TD Private Client Wealth LLC now owns 800 shares of the company’s stock worth $39,000 after purchasing an additional 252 shares during the period. Orion Capital Management LLC acquired a new stake in Super Micro Computer during the second quarter worth approximately $39,000. Avion Wealth grew its position in Super Micro Computer by 434.6% during the second quarter. Avion Wealth now owns 834 shares of the company’s stock worth $40,000 after buying an additional 678 shares in the last quarter. Eastern Bank bought a new position in Super Micro Computer during the 1st quarter worth $29,000. Finally, Beaird Harris Wealth Management LLC acquired a new position in Super Micro Computer in the 1st quarter valued at $34,000. Institutional investors own 84.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SMCI. Northland Securities set a $63.00 target price on Super Micro Computer in a report on Wednesday, November 5th. Sanford C. Bernstein reduced their price objective on shares of Super Micro Computer from $46.00 to $42.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 5th. Argus set a $64.00 target price on shares of Super Micro Computer in a research report on Thursday, November 6th. Wedbush cut their price target on shares of Super Micro Computer from $48.00 to $42.00 and set a “neutral” rating for the company in a report on Wednesday, November 5th. Finally, Barclays decreased their price objective on shares of Super Micro Computer from $45.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Super Micro Computer has an average rating of “Hold” and an average price target of $48.38.

Insiders Place Their Bets

In other Super Micro Computer news, CFO David E. Weigand sold 25,000 shares of the company’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $45.14, for a total value of $1,128,500.00. Following the completion of the transaction, the chief financial officer owned 100,188 shares of the company’s stock, valued at $4,522,486.32. This represents a 19.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP George Kao sold 40,000 shares of Super Micro Computer stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $43.88, for a total value of $1,755,200.00. Following the sale, the senior vice president directly owned 21,820 shares in the company, valued at $957,461.60. The trade was a 64.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 90,000 shares of company stock valued at $3,890,950 over the last quarter. 16.30% of the stock is owned by corporate insiders.

Super Micro Computer Stock Up 2.3%

SMCI stock opened at $34.90 on Wednesday. The firm has a 50-day moving average price of $47.71 and a 200-day moving average price of $46.14. Super Micro Computer, Inc. has a 12 month low of $24.82 and a 12 month high of $66.44. The company has a current ratio of 5.25, a quick ratio of 3.25 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $20.83 billion, a P/E ratio of 21.02, a price-to-earnings-growth ratio of 1.30 and a beta of 1.50.

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

Super Micro Computer Profile

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.