Super Micro Computer (NASDAQ:SMCI) Shares Down 3.6% – What’s Next?

Super Micro Computer, Inc. (NASDAQ:SMCI)’s stock price traded down 3.6% during trading on Friday . The company traded as low as $36.87 and last traded at $37.08. Approximately 28,912,233 shares were traded during trading, a decline of 36% from the average session volume of 45,239,188 shares. The stock had previously closed at $38.46.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on SMCI shares. Northland Securities set a $36.00 target price on shares of Super Micro Computer in a research note on Wednesday, July 22nd. Rosenblatt Securities raised their price target on shares of Super Micro Computer from $45.00 to $51.00 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. Raymond James Financial reaffirmed an “outperform” rating and set a $48.00 price objective on shares of Super Micro Computer in a report on Wednesday, August 12th. Barclays set a $39.00 price objective on Super Micro Computer and gave the company an “equal weight” rating in a research note on Wednesday, August 12th. Finally, Citigroup increased their target price on Super Micro Computer from $33.00 to $39.00 and gave the stock a “neutral” rating in a report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Super Micro Computer has a consensus rating of “Hold” and a consensus price target of $42.13.

Super Micro Computer Stock Performance

The company has a market capitalization of $22.30 billion, a P/E ratio of 11.59, a P/E/G ratio of 0.81 and a beta of 1.95. 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 stock’s 50 day simple moving average is $31.14 and its two-hundred day simple moving average is $31.03.

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

Institutional Investors Weigh In On Super Micro Computer

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Advisors Asset Management Inc. acquired a new stake in Super Micro Computer in the first quarter worth about $39,000. EverSource Wealth Advisors LLC boosted its position in shares of Super Micro Computer by 42.4% during the second quarter. EverSource Wealth Advisors LLC now owns 3,479 shares of the company’s stock worth $171,000 after purchasing an additional 1,036 shares in the last quarter. Baird Financial Group Inc. boosted its position in shares of Super Micro Computer by 54.9% during the second quarter. Baird Financial Group Inc. now owns 18,955 shares of the company’s stock worth $929,000 after purchasing an additional 6,718 shares in the last quarter. Flow Traders U.S. LLC acquired a new position in shares of Super Micro Computer in the 2nd quarter valued at $277,000. Finally, Daiwa Securities Group Inc. grew its holdings in shares of Super Micro Computer by 3.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 85,647 shares of the company’s stock valued at $4,198,000 after buying an additional 2,799 shares during the period. 84.06% of the stock is owned by institutional investors and hedge funds.

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.