Super Micro Computer (NASDAQ:SMCI) Shares Down 3% – Here’s What Happened

Super Micro Computer, Inc. (NASDAQ:SMCI) traded down 3% during trading on Tuesday . The stock traded as low as $35.57 and last traded at $35.64. Approximately 26,495,922 shares traded hands during trading, a decline of 41% from the average session volume of 44,596,066 shares. The stock had previously closed at $36.74.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on SMCI shares. Northland Securities set a $36.00 price target on shares of Super Micro Computer in a research note on Wednesday, July 22nd. Zacks Research upgraded shares of Super Micro Computer from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 20th. Rosenblatt Securities increased their price objective on shares of Super Micro Computer from $45.00 to $51.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. Sanford C. Bernstein set a $42.00 target price on shares of Super Micro Computer in a research report on Thursday, August 13th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Super Micro Computer in a research note on Wednesday, June 24th. One investment 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 stock. Based on data from MarketBeat.com, 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 $26.56 billion, a P/E ratio of 12.66, a PEG ratio of 0.67 and a beta of 2.00. 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 company has a fifty day moving average price of $33.32 and a two-hundred day moving average price of $31.61.

Super Micro Computer (NASDAQ:SMCI) last issued 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 net margin of 5.71% and a return on equity of 27.83%. The business had revenue of $11.12 billion during the quarter, compared to analyst estimates of $11.60 billion. During the same quarter last year, the business earned $0.31 EPS. The firm’s quarterly revenue was up 93.2% on a year-over-year basis. Super Micro Computer has set its Q1 2027 guidance at 1.010-1.100 EPS. Equities analysts forecast that Super Micro Computer, Inc. will post 4.04 earnings per share for the current fiscal year.

Insider Buying and Selling at Super Micro Computer

In related news, CEO Charles Liang sold 100,000 shares of the business’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $37.19, for a total value of $3,719,000.00. Following the sale, the chief executive officer owned 537,506 shares of the company’s stock, valued at $19,989,848.14. The trade was a 15.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Chiu-Chu Liang sold 100,000 shares of the stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $37.19, for a total value of $3,719,000.00. Following the completion of the sale, the director owned 537,506 shares of the company’s stock, valued at $19,989,848.14. The trade was a 15.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 16.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Super Micro Computer

Institutional investors have recently made changes to their positions in the stock. Elyxium Wealth LLC acquired a new position in shares of Super Micro Computer in the fourth quarter worth approximately $26,000. SHP Wealth Management acquired a new stake in Super Micro Computer during the 4th quarter valued at approximately $29,000. TOP Private Wealth LLC. acquired a new stake in Super Micro Computer during the 2nd quarter valued at approximately $42,000. Comprehensive Financial Planning Inc. PA bought a new position in Super Micro Computer during the 2nd quarter worth approximately $43,000. Finally, BNP Paribas bought a new position in Super Micro Computer during the 4th quarter worth approximately $47,000. Institutional investors own 84.06% of the company’s stock.

Super Micro Computer Company Profile

Super Micro Computer, Inc, doing business as Supermicro, develops and sells application-optimized server and storage systems. Its product portfolio includes servers, workstations, storage platforms, networking equipment, motherboards, chassis, power supplies and related software and support services.

The company also provides high-performance computing and data center infrastructure, including systems designed for artificial intelligence, machine learning, cloud computing, enterprise applications, telecommunications and edge computing.