Super Micro Computer, Inc. (NASDAQ:SMCI – Get Free Report) traded down 5.5% during mid-day trading on Wednesday . The company traded as low as $45.66 and last traded at $47.42. 49,430,604 shares traded hands during mid-day trading, an increase of 30% from the average session volume of 37,959,543 shares. The stock had previously closed at $50.17.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on SMCI. Rosenblatt Securities lifted their price target on Super Micro Computer from $32.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Raymond James Financial reiterated an “outperform” rating and issued a $45.00 target price on shares of Super Micro Computer in a report on Wednesday, May 6th. CJS Securities raised shares of Super Micro Computer from a “market underperform” rating to a “market perform” rating in a research report on Wednesday, May 6th. Argus restated a “hold” rating on shares of Super Micro Computer in a report on Friday, March 20th. Finally, The Goldman Sachs Group restated a “sell” rating on shares of Super Micro Computer in a research report on Wednesday, May 6th. Four investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Super Micro Computer currently has an average rating of “Hold” and an average price target of $39.00.
Get Our Latest Report on Super Micro Computer
Super Micro Computer Stock Down 7.1%
Super Micro Computer (NASDAQ:SMCI – Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.21. Super Micro Computer had a return on equity of 17.49% and a net margin of 3.70%.The business had revenue of $10.24 billion during the quarter, compared to analysts’ expectations of $12.39 billion. During the same quarter in the previous year, the firm earned $0.31 EPS. The firm’s revenue was up 122.7% compared to the same quarter last year. Super Micro Computer has set its Q4 2026 guidance at 0.650-0.790 EPS. On average, equities research analysts forecast that Super Micro Computer, Inc. will post 2.12 EPS for the current fiscal year.
Hedge Funds Weigh In On Super Micro Computer
A number of hedge funds have recently made changes to their positions in the business. NewEdge Advisors LLC boosted its position in shares of Super Micro Computer by 6.3% during the 1st quarter. NewEdge Advisors LLC now owns 55,847 shares of the company’s stock valued at $1,272,000 after acquiring an additional 3,308 shares in the last quarter. Edgestream Partners L.P. acquired a new stake in Super Micro Computer during the first quarter valued at approximately $1,866,000. Janus Henderson Group PLC boosted its holdings in Super Micro Computer by 7.7% during the first quarter. Janus Henderson Group PLC now owns 51,584 shares of the company’s stock valued at $1,175,000 after purchasing an additional 3,683 shares in the last quarter. Arkadios Wealth Advisors grew its stake in shares of Super Micro Computer by 6.7% in the 1st quarter. Arkadios Wealth Advisors now owns 20,901 shares of the company’s stock valued at $476,000 after purchasing an additional 1,311 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Super Micro Computer by 33.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,788 shares of the company’s stock worth $86,000 after buying an additional 939 shares in the last quarter. Institutional investors and hedge funds own 84.06% of the company’s stock.
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.
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