Super Micro Computer (NASDAQ:SMCI) Trading Down 3.9% – Here’s Why
by Amy Steele · The Cerbat GemSuper Micro Computer, Inc. (NASDAQ:SMCI – Get Free Report) traded down 3.9% during mid-day trading on Wednesday . The company traded as low as $31.64 and last traded at $32.04. 24,452,389 shares traded hands during trading, a decline of 33% from the average session volume of 36,402,406 shares. The stock had previously closed at $33.33.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on SMCI shares. Zacks Research upgraded shares of Super Micro Computer from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. The Goldman Sachs Group upped their price target on Super Micro Computer from $26.00 to $27.00 and gave the stock a “sell” rating in a research note on Wednesday, February 4th. Citigroup reduced their price objective on Super Micro Computer from $48.00 to $39.00 and set a “neutral” rating for the company in a research report on Tuesday, January 20th. Wall Street Zen downgraded Super Micro Computer from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. Finally, Needham & Company LLC cut their target price on Super Micro Computer from $51.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday, February 4th. Seven investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $43.87.
Read Our Latest Analysis on SMCI
Super Micro Computer Stock Down 3.9%
The company has a market cap of $19.19 billion, a P/E ratio of 23.91, a price-to-earnings-growth ratio of 0.65 and a beta of 1.53. The company has a quick ratio of 1.01, a current ratio of 1.70 and a debt-to-equity ratio of 0.67. The company has a fifty day moving average of $31.36 and a 200 day moving average of $40.73.
Super Micro Computer (NASDAQ:SMCI – Get Free Report) last posted its quarterly earnings data on Tuesday, February 3rd. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.20. Super Micro Computer had a net margin of 3.11% and a return on equity of 13.22%. The company had revenue of $12.68 billion for the quarter, compared to the consensus estimate of $10.34 billion. During the same quarter last year, the firm posted $0.59 earnings per share. 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. On average, research analysts anticipate that Super Micro Computer, Inc. will post 1.86 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Super Micro Computer
A number of institutional investors have recently bought and sold shares of SMCI. Blue Trust Inc. grew its holdings in Super Micro Computer by 16.1% during the second quarter. Blue Trust Inc. now owns 1,557 shares of the company’s stock valued at $76,000 after purchasing an additional 216 shares during the period. Securian Asset Management Inc. grew its stake in shares of Super Micro Computer by 0.9% during the 2nd quarter. Securian Asset Management Inc. now owns 26,834 shares of the company’s stock valued at $1,315,000 after acquiring an additional 246 shares during the period. Tokio Marine Asset Management Co. Ltd. increased its holdings in Super Micro Computer by 1.4% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 19,374 shares of the company’s stock worth $929,000 after acquiring an additional 266 shares in the last quarter. Hazlett Burt & Watson Inc. increased its holdings in 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 acquiring an additional 269 shares in the last quarter. Finally, Mutual of America Capital Management LLC raised its stake in Super Micro Computer by 0.5% during the 2nd quarter. Mutual of America Capital Management LLC now owns 58,852 shares of the company’s stock worth $2,884,000 after acquiring an additional 297 shares during the period. 84.06% of the stock is owned by 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.