Super Micro Computer (NASDAQ:SMCI) Stock Price Down 3.9% – Should You Sell?

Super Micro Computer, Inc. (NASDAQ:SMCI)’s share price dropped 3.9% during trading on Monday . The stock traded as low as $37.68 and last traded at $38.28. Approximately 54,892,406 shares changed hands during mid-day trading, an increase of 21% from the average daily volume of 45,486,539 shares. The stock had previously closed at $39.84.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Rosenblatt Securities increased their price objective on Super Micro Computer from $45.00 to $51.00 and gave the company a “buy” rating in a report on Wednesday, August 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Super Micro Computer in a research report on Wednesday, June 24th. Bank of America reiterated an “underperform” rating on shares of Super Micro Computer in a research note on Wednesday, August 12th. Northland Securities set a $36.00 price objective on shares of Super Micro Computer in a report on Wednesday, July 22nd. Finally, Stifel Nicolaus set a $42.00 target price on shares of Super Micro Computer in a research report on Wednesday, August 12th. Four investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Super Micro Computer currently has a consensus rating of “Hold” and a consensus target price of $42.13.

Super Micro Computer Trading Down 3.9%

The firm has a 50-day simple moving average of $30.20 and a 200-day simple moving average of $30.60. The company has a quick ratio of 2.07, a current ratio of 3.87 and a debt-to-equity ratio of 0.65. The stock has a market cap of $23.02 billion, a PE ratio of 11.96, a P/E/G ratio of 1.19 and a beta of 1.95.

Super Micro Computer (NASDAQ:SMCI) last announced its quarterly earnings results on Tuesday, August 11th. The company reported $1.70 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.78. The company had revenue of $11.12 billion during the quarter, compared to analysts’ expectations of $11.60 billion. Super Micro Computer had a return on equity of 27.83% and a net margin of 5.71%.The firm’s quarterly revenue was up 93.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.31 earnings per share. 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 2.97 earnings per share for the current year.

Institutional Investors Weigh In On Super Micro Computer

Several hedge funds and other institutional investors have recently modified their holdings of SMCI. Elyxium Wealth LLC bought a new position in shares of Super Micro Computer in the fourth quarter valued at approximately $26,000. Arax Advisory Partners bought a new stake in Super Micro Computer during the 4th quarter worth approximately $28,000. SHP Wealth Management purchased a new stake in Super Micro Computer in the 4th quarter worth approximately $29,000. Concord Wealth Partners boosted its holdings in Super Micro Computer by 2,564.1% in the 4th quarter. Concord Wealth Partners now owns 1,039 shares of the company’s stock valued at $30,000 after purchasing an additional 1,000 shares during the period. Finally, Banque Cantonale Vaudoise bought a new position in Super Micro Computer in the 1st quarter valued at $37,000. 84.06% of the stock is currently owned by 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.