Super Micro Computer (NASDAQ:SMCI) Shares Down 2.2% – What’s Next?

Super Micro Computer, Inc. (NASDAQ:SMCI) shares traded down 2.2% during trading on Tuesday . The company traded as low as $31.24 and last traded at $32.79. 34,971,635 shares changed hands during trading, a decline of 6% from the average session volume of 37,139,207 shares. The stock had previously closed at $33.52.

Key Stories Impacting Super Micro Computer

Here are the key news stories impacting Super Micro Computer this week:

• Positive Sentiment: Mizuho raised its price target on SMCI to $36 from $30, signaling some confidence in the stock’s valuation even though the firm kept a neutral rating. Benzinga/The Fly report on Mizuho target increase
• Neutral Sentiment: Supermicro announced the appointment of Vik Malyala as Chief Business Officer, a move aimed at strengthening partnerships and business development with major technology partners. Supermicro appoints Vik Malyala as Chief Business Officer
• Negative Sentiment: Multiple law firms issued new reminders and deadline alerts tied to a class-action securities lawsuit against SMCI, keeping allegations of investor harm and possible disclosure issues in the spotlight. Pomerantz class action reminder
• Negative Sentiment: Rosen, Bronstein, Bernstein Liebhard, Faruqi & Faruqi, Bragar Eagel & Squire, Glancy Prongay, Levi & Korsinsky, Schall, and Robbins all circulated notices about the May 26 lead-plaintiff deadline in the SMCI securities-fraud case, reinforcing legal uncertainty around the stock. Rosen deadline notice

Analyst Ratings Changes

A number of analysts have recently commented on the company. Argus reiterated a “hold” rating on shares of Super Micro Computer in a research report on Friday, March 20th. Needham & Company LLC reiterated a “buy” rating and set a $40.00 target price on shares of Super Micro Computer in a research report on Wednesday, May 6th. Barclays cut their target price on Super Micro Computer from $38.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 6th. Wall Street Zen upgraded Super Micro Computer from a “sell” rating to a “hold” rating in a research report on Sunday, February 15th. Finally, Citigroup reiterated a “neutral” rating and set a $31.00 target price (up from $25.00) on shares of Super Micro Computer in a research report on Wednesday, May 6th. Four analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $38.43.

Super Micro Computer Price Performance

The company has a 50-day moving average of $27.76 and a 200-day moving average of $32.02. The stock has a market cap of $19.64 billion, a price-to-earnings ratio of 17.35, a PEG ratio of 0.65 and a beta of 1.69. 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 announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.21. Super Micro Computer had a return on equity of 17.49% and a net margin of 3.70%.The company had revenue of $10.24 billion for the quarter, compared to analyst estimates of $12.39 billion. During the same quarter in the previous year, the company earned $0.31 EPS. The firm’s revenue for the quarter was up 122.7% compared to the same quarter last year. Super Micro Computer has set its Q4 2026 guidance at 0.650-0.790 EPS. As a group, equities research analysts predict that Super Micro Computer, Inc. will post 1.9 earnings per share for the current year.

Institutional Investors Weigh In On Super Micro Computer

A number of institutional investors have recently added to or reduced their stakes in SMCI. OVERSEA CHINESE BANKING Corp Ltd boosted its stake in shares of Super Micro Computer by 210.8% during the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 49,806 shares of the company’s stock worth $1,498,000 after acquiring an additional 33,782 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Super Micro Computer by 54.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 107,789 shares of the company’s stock worth $3,155,000 after acquiring an additional 38,098 shares in the last quarter. Impact Partnership Wealth LLC purchased a new stake in Super Micro Computer in the 3rd quarter valued at approximately $832,000. UG Investment Advisers Ltd. purchased a new stake in Super Micro Computer in the 3rd quarter valued at approximately $1,009,000. Finally, Littlejohn Financial Services Inc. purchased a new stake in Super Micro Computer in the 3rd quarter valued at approximately $1,162,000. Hedge funds and other institutional investors own 84.06% of the company’s stock.

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.