Navellier & Associates Inc. Lowers Stock Holdings in Super Micro Computer, Inc. $SMCI

Navellier & Associates Inc. lowered its position in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 26.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 232,333 shares of the company’s stock after selling 83,259 shares during the period. Navellier & Associates Inc.’s holdings in Super Micro Computer were worth $6,814,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Elyxium Wealth LLC purchased a new stake in Super Micro Computer in the fourth quarter worth approximately $26,000. Arax Advisory Partners bought a new position in Super Micro Computer during the fourth quarter valued at approximately $28,000. SHP Wealth Management purchased a new position in shares of Super Micro Computer during the fourth quarter worth approximately $29,000. Advisors Asset Management Inc. purchased a new position in shares of Super Micro Computer during the first quarter worth approximately $39,000. Finally, Peterson Wealth Services lifted its holdings 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 worth $37,000 after acquiring an additional 933 shares during the last quarter. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SMCI has been the subject of several analyst reports. Mizuho set a $35.00 price target on shares of Super Micro Computer and gave the company a “neutral” rating in a research report on Wednesday, August 12th. CJS Securities upgraded Super Micro Computer from a “market underperform” rating to a “market perform” rating in a report on Wednesday, May 6th. Needham & Company LLC reissued a “buy” rating and issued a $46.00 target price on shares of Super Micro Computer in a research note on Wednesday, August 12th. Raymond James Financial restated an “outperform” rating and set a $48.00 target price on shares of Super Micro Computer in a report on Wednesday, August 12th. Finally, Stifel Nicolaus set a $42.00 price target on Super Micro Computer in a research report on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $42.13.

Super Micro Computer Stock Performance

Super Micro Computer stock opened at $37.08 on Friday. 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 firm has a market cap of $22.30 billion, a P/E ratio of 11.59, a P/E/G ratio of 0.84 and a beta of 1.95. Super Micro Computer, Inc. has a 1-year low of $19.48 and a 1-year high of $58.78. The firm has a 50-day moving average of $31.14 and a 200-day moving average of $31.03.

Super Micro Computer (NASDAQ:SMCI) last announced its quarterly earnings results on Tuesday, August 11th. The company reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.78. Super Micro Computer had a return on equity of 27.83% and a net margin of 5.71%.The company had revenue of $11.12 billion during the quarter, compared to analyst estimates of $11.60 billion. During the same quarter last year, the firm posted $0.31 earnings per share. The firm’s 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. Sell-side analysts expect that Super Micro Computer, Inc. will post 4.04 EPS for the current year.

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.