Super Micro Computer (NASDAQ:SMCI) Shares Down 5% – Here’s What Happened

Super Micro Computer, Inc. (NASDAQ:SMCI) shares dropped 5% during mid-day trading on Friday . The company traded as low as $32.23 and last traded at $32.33. Approximately 22,269,487 shares changed hands during mid-day trading, a decline of 52% from the average daily volume of 46,285,965 shares. The stock had previously closed at $34.02.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Northland Securities set a $63.00 price target on Super Micro Computer in a research note on Wednesday, November 5th. Barclays reduced their target price 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. Rosenblatt Securities dropped their target price on shares of Super Micro Computer from $60.00 to $55.00 and set a “buy” rating for the company in a research report on Wednesday, November 5th. JPMorgan Chase & Co. cut their price target on shares of Super Micro Computer from $43.00 to $40.00 and set a “neutral” rating for the company in a report on Wednesday, November 5th. Finally, Wedbush decreased their price objective on shares of Super Micro Computer from $48.00 to $42.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $48.38.

Super Micro Computer Price Performance

The stock has a fifty day moving average of $42.92 and a 200-day moving average of $45.41. The firm has a market capitalization of $19.30 billion, a P/E ratio of 25.86, a PEG ratio of 0.66 and a beta of 1.52. The company has a quick ratio of 2.95, a current ratio of 5.39 and a debt-to-equity ratio of 0.72.

Super Micro Computer (NASDAQ:SMCI) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.11). Super Micro Computer had a net margin of 3.77% and a return on equity of 12.70%. The company had revenue of $5.02 billion during the quarter, compared to analyst estimates of $6.48 billion. During the same quarter in the previous year, the business posted $0.73 EPS. The company’s revenue was down 15.5% compared to the same quarter last year. Super Micro Computer has set its Q2 2026 guidance at 0.460-0.540 EPS. Equities analysts predict that Super Micro Computer, Inc. will post 1.86 EPS for the current fiscal year.

Insider Buying and Selling

In other Super Micro Computer news, CFO David E. Weigand sold 25,000 shares of the stock in a transaction on 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 transaction, the chief financial officer directly owned 100,188 shares in the company, valued at approximately $4,522,486.32. This trade represents a 19.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 16.30% of the company’s stock.

Hedge Funds Weigh In On Super Micro Computer

Large investors have recently made changes to their positions in the company. Anfield Capital Management LLC acquired a new position in Super Micro Computer in the second quarter valued at approximately $25,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Super Micro Computer during the 2nd quarter valued at $25,000. Armstrong Advisory Group Inc. acquired a new position in shares of Super Micro Computer in the 3rd quarter valued at $29,000. Hazlett Burt & Watson Inc. boosted its position in shares of Super Micro Computer by 68.6% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 661 shares of the company’s stock worth $31,000 after purchasing an additional 269 shares during the last quarter. Finally, TD Private Client Wealth LLC grew its stake 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. Institutional investors and hedge funds own 84.06% of the company’s stock.

Super Micro Computer Company 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.