Super Micro Computer (NASDAQ:SMCI) Trading Down 2.9% – Here’s What Happened
by Doug Wharley · The Cerbat GemSuper Micro Computer, Inc. (NASDAQ:SMCI – Get Free Report) was down 2.9% during mid-day trading on Friday . The company traded as low as $31.12 and last traded at $31.31. Approximately 20,952,030 shares traded hands during mid-day trading, a decline of 36% from the average daily volume of 32,526,695 shares. The stock had previously closed at $32.24.
Analysts Set New Price Targets
Several brokerages recently commented on SMCI. Needham & Company LLC reduced their target price on shares of Super Micro Computer from $51.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, February 4th. Sanford C. Bernstein reduced their price objective on shares of Super Micro Computer from $42.00 to $37.00 and set a “market perform” rating for the company in a research note on Wednesday, February 4th. Zacks Research raised Super Micro Computer from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Citigroup dropped their target price on Super Micro Computer from $48.00 to $39.00 and set a “neutral” rating on the stock in a report on Tuesday, January 20th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $55.00 price target on shares of Super Micro Computer in a research note on Monday, February 2nd. Five research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $43.43.
Read Our Latest Stock Analysis on SMCI
Super Micro Computer Stock Performance
The company has a debt-to-equity ratio of 0.67, a current ratio of 1.70 and a quick ratio of 1.01. The stock has a 50-day moving average price of $31.06 and a 200-day moving average price of $38.48. The company has a market capitalization of $18.75 billion, a price-to-earnings ratio of 23.37, a PEG ratio of 0.64 and a beta of 1.52.
Super Micro Computer (NASDAQ:SMCI – Get Free Report) last posted its earnings results on Tuesday, February 3rd. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.20. Super Micro Computer had a return on equity of 13.22% and a net margin of 3.11%.The business had revenue of $12.68 billion for the quarter, compared to analyst estimates of $10.34 billion. During the same period in the previous year, the firm earned $0.59 EPS. The firm’s revenue was up 123.4% compared to the same quarter last year. Super Micro Computer has set its Q3 2026 guidance at 0.600- EPS. As a group, analysts forecast that Super Micro Computer, Inc. will post 1.86 earnings per share for the current year.
Institutional Investors Weigh In On Super Micro Computer
A number of institutional investors have recently made changes to their positions in the company. Anfield Capital Management LLC bought a new stake in shares of Super Micro Computer during the 2nd quarter valued at $25,000. Twin Peaks Wealth Advisors LLC acquired a new position in Super Micro Computer in the second quarter valued at about $25,000. Flagship Harbor Advisors LLC bought a new stake in Super Micro Computer during the fourth quarter worth about $25,000. Elyxium Wealth LLC bought a new stake in Super Micro Computer during the fourth quarter worth about $26,000. Finally, Arax Advisory Partners acquired a new stake in Super Micro Computer during the fourth quarter worth about $28,000. 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.