PNC Financial Services Group Inc. Has $2.61 Million Position in Super Micro Computer, Inc. $SMCI

PNC Financial Services Group Inc. boosted its position in Super Micro Computer, Inc. (NASDAQ:SMCI) by 10.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,313 shares of the company’s stock after purchasing an additional 4,917 shares during the period. PNC Financial Services Group Inc.’s holdings in Super Micro Computer were worth $2,613,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Blue Trust Inc. lifted its stake in shares of Super Micro Computer by 16.1% in the 2nd 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. Hartford Investment Management Co. boosted its position in shares of Super Micro Computer by 0.8% during the second quarter. Hartford Investment Management Co. now owns 30,976 shares of the company’s stock valued at $1,518,000 after buying an additional 235 shares during the last quarter. Securian Asset Management Inc. raised its holdings in shares of Super Micro Computer by 0.9% in the second quarter. Securian Asset Management Inc. now owns 26,834 shares of the company’s stock valued at $1,315,000 after purchasing an additional 246 shares during the last quarter. Wealthcare Advisory Partners LLC lifted its position in shares of Super Micro Computer by 1.2% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 21,798 shares of the company’s stock worth $1,068,000 after buying an additional 248 shares in the last quarter. Finally, TD Private Client Wealth LLC boosted its position in Super Micro Computer by 46.0% in the second quarter. TD Private Client Wealth LLC now owns 800 shares of the company’s stock worth $39,000 after purchasing an additional 252 shares during the last quarter. Institutional investors own 84.06% of the company’s stock.

Analysts Set New Price Targets

SMCI has been the topic of a number of recent research reports. JPMorgan Chase & Co. dropped their price target on Super Micro Computer from $43.00 to $40.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 5th. Wall Street Zen downgraded Super Micro Computer from a “hold” rating to a “sell” rating in a research report on Saturday. Northland Securities set a $63.00 price target on shares of Super Micro Computer in a report on Wednesday, November 5th. Sanford C. Bernstein decreased their price objective on Super Micro Computer from $46.00 to $42.00 and set a “market perform” rating on the stock in a report on Wednesday, November 5th. Finally, Mizuho cut their price target on shares of Super Micro Computer from $50.00 to $45.00 and set a “neutral” rating for the company in a research report on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $48.38.

Super Micro Computer Trading Up 2.3%

Shares of NASDAQ SMCI opened at $34.90 on Wednesday. Super Micro Computer, Inc. has a 1 year low of $24.82 and a 1 year high of $66.44. The stock has a market cap of $20.83 billion, a P/E ratio of 21.02, a price-to-earnings-growth ratio of 1.30 and a beta of 1.50. The firm has a 50-day moving average of $47.71 and a 200 day moving average of $46.14. The company has a debt-to-equity ratio of 0.74, a current ratio of 5.25 and a quick ratio of 3.25.

Super Micro Computer (NASDAQ:SMCI) last announced its earnings results on Tuesday, November 4th. The company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.11). Super Micro Computer had a net margin of 4.77% and a return on equity of 17.14%. The business had revenue of $5.02 billion for the quarter, compared to the consensus estimate of $6.48 billion. During the same period in the prior year, the business posted $0.73 EPS. Super Micro Computer’s revenue for the quarter was down 15.5% on a year-over-year basis. Super Micro Computer has set its Q2 2026 guidance at 0.460-0.540 EPS. FY 2026 guidance at EPS. As a group, sell-side analysts expect that Super Micro Computer, Inc. will post 1.86 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO David E. Weigand sold 25,000 shares of the firm’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $45.14, for a total transaction of $1,128,500.00. Following the completion of the transaction, the chief financial officer directly owned 100,188 shares in the company, valued at $4,522,486.32. This trade represents a 19.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP George Kao sold 40,000 shares of Super Micro Computer stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $43.88, for a total value of $1,755,200.00. Following the completion of the transaction, the senior vice president directly owned 21,820 shares of the company’s stock, valued at approximately $957,461.60. This represents a 64.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 90,000 shares of company stock valued at $3,890,950. 16.30% of the stock is owned by corporate insiders.

About Super Micro Computer

Super Micro Computer, Inc, together with its subsidiaries, develops and manufactures high performance server and storage solutions based on modular and open architecture in the United States, Europe, Asia, and internationally. Its solutions range from complete server, storage systems, modular blade servers, blades, workstations, full racks, networking devices, server sub-systems, server management software, and security software.