Super Micro Computer (NASDAQ:SMCI) Stock Price Down 2.3% – Here’s What Happened

Super Micro Computer, Inc. (NASDAQ:SMCI)’s share price traded down 2.3% on Tuesday . The company traded as low as $36.22 and last traded at $37.41. 50,847,923 shares traded hands during mid-day trading, an increase of 12% from the average daily volume of 45,486,039 shares. The stock had previously closed at $38.28.

Wall Street Analyst Weigh In

SMCI has been the topic of several research analyst reports. Stifel Nicolaus set a $42.00 target price on shares of Super Micro Computer in a research report on Wednesday, August 12th. CJS Securities raised shares of Super Micro Computer from a “market underperform” rating to a “market perform” rating in a research report on Wednesday, May 6th. Citigroup raised their target price on Super Micro Computer from $33.00 to $39.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 12th. Bank of America reissued an “underperform” rating on shares of Super Micro Computer in a research note on Wednesday, August 12th. Finally, Wolfe Research assumed coverage on Super Micro Computer in a research report on Thursday, June 11th. They set a “peer perform” rating for the company. Four equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $42.13.

Super Micro Computer Price Performance

The firm has a market capitalization of $22.27 billion, a price-to-earnings ratio of 11.66, a price-to-earnings-growth ratio of 1.12 and a beta of 1.95. The company has a current ratio of 3.87, a quick ratio of 2.07 and a debt-to-equity ratio of 0.65. The stock’s fifty day moving average price is $30.16 and its two-hundred day moving average price is $30.73.

Super Micro Computer (NASDAQ:SMCI) last released its quarterly earnings data on Tuesday, August 11th. The company reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.78. The business had revenue of $11.12 billion for the quarter, compared to the consensus estimate of $11.60 billion. Super Micro Computer had a return on equity of 27.83% and a net margin of 5.71%.The business’s revenue for the quarter was up 93.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.31 EPS. Super Micro Computer has set its Q1 2027 guidance at 1.010-1.100 EPS. Equities research analysts expect that Super Micro Computer, Inc. will post 2.97 EPS for the current year.

Institutional Trading of Super Micro Computer

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

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.