Super Micro Computer (NASDAQ:SMCI) Stock Falls 1.1% – Here’s Why

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) traded down 1.1% during trading on Monday. The company traded as low as $42.80 and last traded at $43.19. 21,681,229 shares traded hands during mid-day trading, a decline of 51% from the average daily volume of 44,071,273 shares. The stock had previously closed at $43.69.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $46.00 target price on shares of Super Micro Computer in a research report on Wednesday, August 12th. Stifel Nicolaus set a $42.00 price target on shares of Super Micro Computer in a research report on Wednesday, August 12th. Barclays set a $39.00 price objective on shares of Super Micro Computer and gave the stock an “equal weight” rating in a research note on Wednesday, August 12th. Wolfe Research began coverage on Super Micro Computer in a report on Thursday, June 11th. They issued a “peer perform” rating for the company. Finally, Citigroup lifted their target price on Super Micro Computer from $33.00 to $39.00 and gave the company a “neutral” rating in a research report on Wednesday, August 12th. One 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 stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $42.67.

Super Micro Computer Trading Up 0.6%

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 business has a 50-day simple moving average of $37.27 and a two-hundred day simple moving average of $32.61. The stock has a market cap of $28.55 billion, a price-to-earnings ratio of 13.58, a P/E/G ratio of 0.83 and a beta of 2.02.

Super Micro Computer (NASDAQ:SMCI) last released 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 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 analysts’ expectations of $11.60 billion. During the same period last year, the firm posted $0.31 earnings per share. The business’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. Equities analysts forecast that Super Micro Computer, Inc. will post 3.94 EPS for the current fiscal year.

Insider Buying and Selling at Super Micro Computer

In other Super Micro Computer news, CEO Charles Liang sold 100,000 shares of the company’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 transaction, the chief executive officer directly owned 537,506 shares in the company, valued at $19,989,848.14. The trade was a 15.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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 dated Thursday, September 3rd. The shares were sold at an average price of $37.19, for a total transaction of $3,719,000.00. Following the completion of the transaction, the director directly owned 537,506 shares in the company, valued at $19,989,848.14. The trade was a 15.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 16.10% of the company’s stock.

Institutional Trading of Super Micro Computer

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Quantinno Capital Management LP boosted its position in shares of Super Micro Computer by 49.0% in the first quarter. Quantinno Capital Management LP now owns 155,225 shares of the company’s stock valued at $3,534,000 after acquiring an additional 51,049 shares during the period. Sei Investments Co. increased its position in Super Micro Computer by 134.8% during the first quarter. Sei Investments Co. now owns 144,238 shares of the company’s stock worth $3,284,000 after acquiring an additional 82,820 shares during the period. Renaissance Technologies LLC acquired a new stake in Super Micro Computer in the 1st quarter worth about $1,353,000. Czech National Bank raised its stake in Super Micro Computer by 16.9% in the 2nd quarter. Czech National Bank now owns 160,189 shares of the company’s stock worth $4,698,000 after purchasing an additional 23,158 shares in the last quarter. Finally, OP Asset Management Ltd bought a new stake in Super Micro Computer in the 1st quarter valued at about $1,221,000. Institutional investors own 84.06% of the company’s stock.

Super Micro Computer Company Profile

Super Micro Computer, Inc develops and sells application-optimized server and storage systems for data centers, cloud computing, enterprise IT, artificial intelligence, and other demanding computing environments. The company offers complete computing platforms as well as modular components, allowing customers to configure systems for specific performance, power, and workload requirements.

Its product portfolio includes server and storage systems, workstations, networking equipment, rack-scale solutions, GPU and AI systems, and related software and services.