Super Micro Computer (NASDAQ:SMCI) Stock Price Down 8.4% – What’s Next?

Super Micro Computer, Inc. (NASDAQ:SMCI) shares were down 8.4% on Monday . The stock traded as low as $36.38 and last traded at $36.74. 39,585,862 shares traded hands during trading, a decline of 11% from the average daily volume of 44,697,813 shares. The stock had previously closed at $40.10.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Sanford C. Bernstein set a $42.00 target price on Super Micro Computer in a research note on Thursday, August 13th. Barclays set a $39.00 price target on Super Micro Computer and gave the company an “equal weight” rating in a report on Wednesday, August 12th. Mizuho set a $35.00 price objective on Super Micro Computer and gave the company a “neutral” rating in a research report on Wednesday, August 12th. Bank of America reiterated an “underperform” rating on shares of Super Micro Computer in a report on Wednesday, August 12th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Super Micro Computer in a research report on Wednesday, June 24th. 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 company. 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 debt-to-equity ratio of 0.65, a quick ratio of 2.07 and a current ratio of 3.87. The firm has a market cap of $24.14 billion, a P/E ratio of 11.48, a P/E/G ratio of 0.76 and a beta of 2.00. The business’s 50-day simple moving average is $32.77 and its 200 day simple moving average is $31.52.

Super Micro Computer (NASDAQ:SMCI) last announced its earnings results on Tuesday, August 11th. The company reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.78. The business had revenue of $11.12 billion during the quarter, compared to analyst estimates of $11.60 billion. Super Micro Computer had a net margin of 5.71% and a return on equity of 27.83%. The company’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 EPS. Super Micro Computer has set its Q1 2027 guidance at 1.010-1.100 EPS. As a group, equities analysts predict that Super Micro Computer, Inc. will post 4.04 earnings per share for the current year.

Insiders Place Their Bets

In other Super Micro Computer news, Director Chiu-Chu Liang sold 100,000 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $37.19, for a total value of $3,719,000.00. Following the transaction, the director directly owned 537,506 shares of the company’s stock, valued at approximately $19,989,848.14. This trade represents a 15.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Charles Liang sold 100,000 shares of the business’s stock in a transaction dated 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 approximately $19,989,848.14. This represents a 15.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 16.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Super Micro Computer

Several institutional investors have recently made changes to their positions in the business. California State Teachers Retirement System grew its position in Super Micro Computer by 2,984.2% during the second quarter. California State Teachers Retirement System now owns 25,071,724 shares of the company’s stock valued at $735,354,000 after buying an additional 24,258,827 shares during the period. Geode Capital Management LLC boosted its stake in shares of Super Micro Computer by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 13,808,499 shares of the company’s stock worth $402,627,000 after acquiring an additional 41,314 shares during the last quarter. Norges Bank bought a new stake in shares of Super Micro Computer during the 4th quarter valued at $136,569,000. Dimensional Fund Advisors LP grew its position in shares of Super Micro Computer by 2.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,082,780 shares of the company’s stock valued at $92,872,000 after acquiring an additional 111,388 shares during the period. Finally, Legal & General Group Plc grew its position in shares of Super Micro Computer by 1.6% during the 4th quarter. Legal & General Group Plc now owns 3,956,726 shares of the company’s stock valued at $115,813,000 after acquiring an additional 63,877 shares during the period. Institutional investors own 84.06% of the company’s stock.

About Super Micro Computer

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.