Super Micro Computer (NASDAQ:SMCI) Trading Down 1.4% – Here’s What Happened

Super Micro Computer, Inc. (NASDAQ:SMCI)’s stock price dropped 1.4% during trading on Monday . The company traded as low as $23.77 and last traded at $23.83. 24,438,168 shares changed hands during mid-day trading, a decline of 43% from the average session volume of 42,836,629 shares. The stock had previously closed at $24.18.

Analyst Upgrades and Downgrades

SMCI has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Super Micro Computer from $28.00 to $32.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Raymond James Financial reduced their target price on Super Micro Computer from $45.00 to $39.00 in a research note on Friday, June 12th. Mizuho raised their price target on Super Micro Computer from $36.00 to $44.00 and gave the company a “neutral” rating in a research report on Monday, June 1st. Barclays dropped their price target on Super Micro Computer from $38.00 to $34.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 6th. Finally, Rosenblatt Securities upped their price objective on Super Micro Computer from $32.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Four equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $38.71.

Super Micro Computer Trading Down 1.4%

The stock has a market capitalization of $14.33 billion, a P/E ratio of 12.61, a price-to-earnings-growth ratio of 0.31 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. The stock’s fifty day moving average price is $33.11 and its two-hundred day moving average price is $30.58.

Super Micro Computer (NASDAQ:SMCI) last released its earnings results on Tuesday, May 5th. The company reported $0.84 EPS for the quarter, beating the consensus estimate 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 company had revenue of $10.24 billion for the quarter, compared to analyst estimates of $12.39 billion. During the same quarter last year, the firm earned $0.31 EPS. The firm’s quarterly revenue was up 122.7% compared to the same quarter last year. Super Micro Computer has set its Q4 2026 guidance at 0.650-0.790 EPS. Equities research analysts forecast that Super Micro Computer, Inc. will post 2.13 EPS for the current year.

Institutional Investors Weigh In On Super Micro Computer

Hedge funds and other institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC boosted its holdings in Super Micro Computer by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 13,808,499 shares of the company’s stock valued at $402,627,000 after acquiring an additional 41,314 shares during the period. Invesco Ltd. grew its position in Super Micro Computer by 21.2% during the 4th quarter. Invesco Ltd. now owns 9,953,780 shares of the company’s stock worth $291,347,000 after acquiring an additional 1,738,749 shares during the last quarter. Disciplined Growth Investors Inc. MN increased its stake in Super Micro Computer by 16.5% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 9,730,773 shares of the company’s stock worth $476,905,000 after purchasing an additional 1,381,046 shares during the period. Norges Bank purchased a new position in Super Micro Computer in the 4th quarter worth approximately $136,569,000. Finally, Dimensional Fund Advisors LP lifted its position in Super Micro Computer by 2.8% in the first quarter. Dimensional Fund Advisors LP now owns 4,082,780 shares of the company’s stock valued at $92,872,000 after purchasing an additional 111,388 shares during the last quarter. 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.