Navellier & Associates Inc. Cuts Holdings in Super Micro Computer, Inc. $SMCI

Navellier & Associates Inc. lowered its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 26.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 232,333 shares of the company’s stock after selling 83,259 shares during the quarter. Navellier & Associates Inc.’s holdings in Super Micro Computer were worth $6,814,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Norges Bank purchased a new stake in shares of Super Micro Computer during the 4th quarter valued at $136,569,000. Assenagon Asset Management S.A. grew its position in Super Micro Computer by 1,770.4% during the second quarter. Assenagon Asset Management S.A. now owns 2,174,863 shares of the company’s stock valued at $63,789,000 after buying an additional 2,058,588 shares during the period. Invesco Ltd. grew its position in Super Micro Computer by 21.2% during the fourth quarter. Invesco Ltd. now owns 9,953,780 shares of the company’s stock valued at $291,347,000 after buying an additional 1,738,749 shares during the period. Amundi increased its holdings in Super Micro Computer by 188.8% during the fourth quarter. Amundi now owns 2,421,891 shares of the company’s stock worth $70,889,000 after buying an additional 1,583,229 shares during the last quarter. Finally, Disciplined Growth Investors Inc. MN increased its holdings in Super Micro Computer by 16.5% during the second quarter. Disciplined Growth Investors Inc. MN now owns 9,730,773 shares of the company’s stock worth $476,905,000 after buying an additional 1,381,046 shares during the last quarter. Hedge funds and other institutional investors own 84.06% of the company’s stock.

Super Micro Computer Price Performance

Super Micro Computer stock opened at $37.08 on Friday. The firm has a market capitalization of $22.30 billion, a P/E ratio of 11.59, a PEG ratio of 0.84 and a beta of 1.95. Super Micro Computer, Inc. has a one year low of $19.48 and a one year high of $58.78. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.87 and a quick ratio of 2.07. The business has a fifty day moving average price of $31.14 and a 200-day moving average price of $31.03.

Super Micro Computer (NASDAQ:SMCI) last released its quarterly earnings data on Tuesday, August 11th. The company reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.78. Super Micro Computer had a return on equity of 27.83% and a net margin of 5.71%.The company had revenue of $11.12 billion for the quarter, compared to analyst estimates of $11.60 billion. During the same period in the previous year, the company posted $0.31 EPS. The firm’s revenue for the quarter was up 93.2% compared to the same quarter last year. Super Micro Computer has set its Q1 2027 guidance at 1.010-1.100 EPS. As a group, equities research analysts forecast that Super Micro Computer, Inc. will post 4.04 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on SMCI shares. Raymond James Financial reiterated an “outperform” rating and issued a $48.00 target price on shares of Super Micro Computer in a research note on Wednesday, August 12th. JPMorgan Chase & Co. upped their price objective on Super Micro Computer from $28.00 to $32.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Citigroup increased their price objective on Super Micro Computer from $33.00 to $39.00 and gave the company a “neutral” rating in a report on Wednesday, August 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Super Micro Computer in a research report on Wednesday, June 24th. Finally, CJS Securities upgraded Super Micro Computer from a “market underperform” rating to a “market perform” rating in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Super Micro Computer currently has an average rating of “Hold” and an average target price of $42.13.

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.