Super Micro Computer (NASDAQ:SMCI) Trading Down 4.9% – Should You Sell?

Super Micro Computer, Inc. (NASDAQ:SMCI) was down 4.9% during trading on Wednesday . The company traded as low as $27.71 and last traded at $27.78. Approximately 52,799,912 shares traded hands during trading, an increase of 25% from the average daily volume of 42,165,258 shares. The stock had previously closed at $29.22.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on SMCI shares. Raymond James Financial cut their price objective on shares of Super Micro Computer from $45.00 to $39.00 in a research report on Friday, June 12th. Barclays decreased their target price on shares of Super Micro Computer from $38.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 6th. The Goldman Sachs Group reaffirmed a “sell” rating on shares of Super Micro Computer in a research note on Wednesday, May 6th. Wolfe Research initiated coverage on Super Micro Computer in a report on Thursday, June 11th. They issued a “peer perform” rating for the company. Finally, Wedbush reduced their price target on Super Micro Computer from $42.00 to $34.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 6th. Four investment 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.com, Super Micro Computer presently has an average rating of “Hold” and an average target price of $38.57.

Super Micro Computer Stock Performance

The stock’s 50 day moving average price is $32.88 and its 200 day moving average price is $31.11. 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 company has a market cap of $18.44 billion, a price-to-earnings ratio of 16.22, a P/E/G ratio of 0.46 and a beta of 1.87.

Super Micro Computer (NASDAQ:SMCI) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.84 earnings per share for the quarter, topping 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 business had revenue of $10.24 billion for the quarter, compared to analyst estimates of $12.39 billion. During the same period in the prior year, the firm posted $0.31 EPS. The company’s revenue was up 122.7% on a year-over-year basis. Super Micro Computer has set its Q4 2026 guidance at 0.650-0.790 EPS. On average, analysts expect that Super Micro Computer, Inc. will post 2.11 EPS for the current fiscal year.

Hedge Funds Weigh In On Super Micro Computer

A number of hedge funds have recently made changes to their positions in SMCI. Pacer Advisors Inc. grew its stake in shares of Super Micro Computer by 1.7% during the 1st quarter. Pacer Advisors Inc. now owns 101,611 shares of the company’s stock valued at $2,314,000 after buying an additional 1,719 shares during the period. Militia Capital Management LLC acquired a new stake in shares of Super Micro Computer during the 1st quarter worth $488,000. NewEdge Advisors LLC raised its position in shares of Super Micro Computer by 6.3% in the 1st quarter. NewEdge Advisors LLC now owns 55,847 shares of the company’s stock worth $1,272,000 after buying an additional 3,308 shares during the period. Edgestream Partners L.P. purchased a new position in shares of Super Micro Computer in the 1st quarter worth $1,866,000. Finally, Janus Henderson Group PLC boosted its holdings in Super Micro Computer by 7.7% in the first quarter. Janus Henderson Group PLC now owns 51,584 shares of the company’s stock valued at $1,175,000 after acquiring an additional 3,683 shares during the last quarter. Institutional investors and hedge funds 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.