Super Micro Computer (NASDAQ:SMCI) Trading Down 8.2% – Here’s Why

Super Micro Computer, Inc. (NASDAQ:SMCI) dropped 8.2% during mid-day trading on Thursday . The company traded as low as $24.65 and last traded at $24.68. Approximately 35,186,003 shares traded hands during trading, a decline of 18% from the average daily volume of 43,046,566 shares. The stock had previously closed at $26.89.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of Super Micro Computer in a research report on Wednesday, June 24th. Argus reiterated a “hold” rating on shares of Super Micro Computer in a research report on Friday, March 20th. Wedbush decreased 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 note on Wednesday, May 6th. Northland Securities boosted their price objective on shares of Super Micro Computer from $22.00 to $34.00 in a report on Wednesday, May 6th. Finally, Mizuho upped their price objective on shares of Super Micro Computer from $36.00 to $44.00 and gave the company a “neutral” rating in a research note on Monday, June 1st. Four analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $38.71.

Super Micro Computer Price Performance

The company has a market capitalization of $14.54 billion, a PE ratio of 12.79, a PEG ratio of 0.31 and a beta of 1.94. The firm has a fifty day moving average of $33.11 and a two-hundred day moving average of $30.58. The company has a current ratio of 2.66, a quick ratio of 1.29 and a debt-to-equity ratio of 0.88.

Super Micro Computer (NASDAQ:SMCI) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.21. Super Micro Computer had a return on equity of 17.49% and a net margin of 3.70%.The business had revenue of $10.24 billion for the quarter, compared to analyst estimates of $12.39 billion. During the same period last year, the company earned $0.31 EPS. Super Micro Computer’s revenue for the quarter 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. Research analysts anticipate that Super Micro Computer, Inc. will post 2.13 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC boosted its position 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 buying an additional 41,314 shares during the period. Invesco Ltd. increased its position in shares of Super Micro Computer by 21.2% in the fourth quarter. Invesco Ltd. now owns 9,953,780 shares of the company’s stock valued at $291,347,000 after acquiring an additional 1,738,749 shares during the period. Disciplined Growth Investors Inc. MN increased its position in shares of Super Micro Computer by 16.5% in the second quarter. Disciplined Growth Investors Inc. MN now owns 9,730,773 shares of the company’s stock valued at $476,905,000 after acquiring an additional 1,381,046 shares during the period. Norges Bank bought a new position in shares of Super Micro Computer during the fourth quarter valued at about $136,569,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of Super Micro Computer by 2.8% during the first quarter. Dimensional Fund Advisors LP now owns 4,082,780 shares of the company’s stock valued at $92,872,000 after acquiring an additional 111,388 shares during the last quarter. 84.06% of the stock is owned by hedge funds and other institutional investors.

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.