PNC Financial Services Group Inc. Increases Stock Position in Super Micro Computer, Inc. $SMCI

PNC Financial Services Group Inc. raised its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI) by 10.2% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 53,313 shares of the company’s stock after acquiring an additional 4,917 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Super Micro Computer were worth $2,613,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Eastern Bank bought a new position in shares of Super Micro Computer during the first quarter valued at $29,000. Beaird Harris Wealth Management LLC purchased a new position in Super Micro Computer in the 1st quarter worth about $34,000. TD Private Client Wealth LLC lifted its stake in Super Micro Computer by 46.0% during the 2nd quarter. TD Private Client Wealth LLC now owns 800 shares of the company’s stock valued at $39,000 after acquiring an additional 252 shares during the period. Orion Capital Management LLC purchased a new stake in shares of Super Micro Computer during the 2nd quarter valued at about $39,000. Finally, Advisors Asset Management Inc. bought a new stake in shares of Super Micro Computer in the first quarter worth approximately $39,000. Institutional investors own 84.06% of the company’s stock.

Insider Activity at Super Micro Computer

In other Super Micro Computer news, CFO David E. Weigand sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $45.14, for a total value of $1,128,500.00. Following the completion of the transaction, the chief financial officer directly owned 100,188 shares in the company, valued at $4,522,486.32. This represents a 19.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP George Kao sold 40,000 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $43.88, for a total transaction of $1,755,200.00. Following the completion of the sale, the senior vice president directly owned 21,820 shares of the company’s stock, valued at approximately $957,461.60. This trade represents a 64.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 90,000 shares of company stock worth $3,890,950 in the last ninety days. Insiders own 16.30% of the company’s stock.

Super Micro Computer Stock Performance

NASDAQ:SMCI opened at $34.90 on Wednesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.25 and a current ratio of 5.25. The stock has a 50-day simple moving average of $47.71 and a two-hundred day simple moving average of $46.14. The firm has a market capitalization of $20.83 billion, a PE ratio of 21.02, a P/E/G ratio of 1.30 and a beta of 1.50. Super Micro Computer, Inc. has a 52-week low of $24.82 and a 52-week high of $66.44.

Super Micro Computer (NASDAQ:SMCI) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.11). The company had revenue of $5.02 billion for the quarter, compared to analysts’ expectations of $6.48 billion. Super Micro Computer had a net margin of 4.77% and a return on equity of 17.14%. The firm’s quarterly revenue was down 15.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.73 earnings per share. Super Micro Computer has set its Q2 2026 guidance at 0.460-0.540 EPS. FY 2026 guidance at EPS. Analysts forecast that Super Micro Computer, Inc. will post 1.86 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Rosenblatt Securities lowered their price objective on shares of Super Micro Computer from $60.00 to $55.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. Argus set a $64.00 price target on Super Micro Computer in a report on Thursday, November 6th. Wedbush cut their price objective on Super Micro Computer from $48.00 to $42.00 and set a “neutral” rating for the company in a report on Wednesday, November 5th. Barclays lowered their target price on Super Micro Computer from $45.00 to $43.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 5th. Finally, The Goldman Sachs Group set a $34.00 target price on Super Micro Computer and gave the stock a “sell” rating in a research report on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $48.38.

Super Micro Computer Profile

Super Micro Computer, Inc, together with its subsidiaries, develops and manufactures high performance server and storage solutions based on modular and open architecture in the United States, Europe, Asia, and internationally. Its solutions range from complete server, storage systems, modular blade servers, blades, workstations, full racks, networking devices, server sub-systems, server management software, and security software.