Super Micro Computer (NASDAQ:SMCI) Shares Down 4.6% – Here’s Why

Super Micro Computer, Inc. (NASDAQ:SMCI) was down 4.6% on Tuesday . The stock traded as low as $27.13 and last traded at $28.45. 36,089,581 shares were traded during trading, a decline of 18% from the average daily volume of 43,972,012 shares. The stock had previously closed at $29.81.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Northland Securities set a $36.00 price target on Super Micro Computer in a research note on Wednesday, July 22nd. Raymond James Financial dropped their price objective on Super Micro Computer from $45.00 to $39.00 in a research report on Friday, June 12th. Barclays raised their price objective on Super Micro Computer from $34.00 to $38.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Super Micro Computer in a research note on Wednesday, June 24th. Finally, Wolfe Research began coverage on shares of Super Micro Computer in a research note on Thursday, June 11th. They issued a “peer perform” rating on the stock. Four equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $39.21.

Super Micro Computer Price Performance

The company has a fifty day simple moving average of $32.46 and a 200 day simple moving average of $30.48. The stock has a market capitalization of $16.68 billion, a price-to-earnings ratio of 14.67, a P/E/G ratio of 0.34 and a beta of 1.94. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.29 and a current ratio of 2.66.

Super Micro Computer (NASDAQ:SMCI) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.21. The company had revenue of $10.24 billion during the quarter, compared to analysts’ expectations of $12.39 billion. Super Micro Computer had a return on equity of 17.49% and a net margin of 3.70%.The business’s quarterly revenue was up 122.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.31 earnings per share. Super Micro Computer has set its Q4 2026 guidance at 0.650-0.790 EPS. Equities research analysts forecast that Super Micro Computer, Inc. will post 2.1 EPS for the current fiscal year.

Institutional Investors Weigh In On Super Micro Computer

Large investors have recently modified their holdings of the company. OVERSEA CHINESE BANKING Corp Ltd lifted its stake in Super Micro Computer by 210.8% in the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 49,806 shares of the company’s stock valued at $1,498,000 after buying an additional 33,782 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Super Micro Computer by 54.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 107,789 shares of the company’s stock valued at $3,155,000 after acquiring an additional 38,098 shares in the last quarter. Generali Asset Management SPA SGR lifted its position in shares of Super Micro Computer by 235.2% during the 4th quarter. Generali Asset Management SPA SGR now owns 70,389 shares of the company’s stock valued at $2,060,000 after acquiring an additional 49,389 shares during the period. Strs Ohio lifted its position in shares of Super Micro Computer by 41.9% during the 4th quarter. Strs Ohio now owns 237,299 shares of the company’s stock valued at $6,946,000 after acquiring an additional 70,021 shares during the period. Finally, Quent Capital LLC boosted its stake in Super Micro Computer by 27,103.4% during the fourth quarter. Quent Capital LLC now owns 48,694 shares of the company’s stock worth $1,425,000 after acquiring an additional 48,515 shares in the last quarter. 84.06% of the stock is currently owned by institutional investors and hedge funds.

About Super Micro Computer

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.