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

Super Micro Computer, Inc. (NASDAQ:SMCI)’s share price dropped 3.6% on Friday . The company traded as low as $36.87 and last traded at $37.08. Approximately 28,912,233 shares traded hands 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 research firms have recently issued reports on SMCI. The Goldman Sachs Group reiterated a “sell” rating and issued a $34.00 price objective (up from $30.00) on shares of Super Micro Computer in a report on Wednesday, August 12th. Northland Securities set a $36.00 price target on shares of Super Micro Computer in a report on Wednesday, July 22nd. Zacks Research upgraded Super Micro Computer from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 20th. JPMorgan Chase & Co. lifted their price objective on shares of Super Micro Computer from $28.00 to $32.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $48.00 price objective on shares of Super Micro Computer in a research report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Super Micro Computer presently has an average rating of “Hold” and an average price target of $42.13.

Super Micro Computer Stock Performance

The firm has a 50 day moving average of $31.01 and a two-hundred day moving average of $30.99. 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 has a market cap of $22.30 billion, a PE ratio of 11.59, a PEG ratio of 0.82 and a beta of 1.95.

Super Micro Computer (NASDAQ:SMCI) last posted its quarterly earnings results 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 company had revenue of $11.12 billion during the quarter, compared to the consensus estimate of $11.60 billion. During the same period last year, the firm earned $0.31 EPS. The company’s revenue for the quarter 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. Research analysts predict that Super Micro Computer, Inc. will post 4.04 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Elyxium Wealth LLC bought a new stake in shares of Super Micro Computer in the fourth quarter valued at about $26,000. Arax Advisory Partners acquired a new position in Super Micro Computer in the fourth quarter valued at approximately $28,000. SHP Wealth Management acquired a new position in shares of Super Micro Computer during the 4th quarter worth about $29,000. Banque Cantonale Vaudoise bought a new position in shares of Super Micro Computer during the first quarter worth $37,000. Finally, Peterson Wealth Services grew its position in shares of Super Micro Computer by 273.6% in the 4th quarter. Peterson Wealth Services now owns 1,274 shares of the company’s stock valued at $37,000 after purchasing an additional 933 shares during the period. 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.