Super Micro Computer (NASDAQ:SMCI) Trading Down 3% – Here’s Why

Super Micro Computer, Inc. (NASDAQ:SMCIGet Free Report)’s share price traded down 3% on Wednesday . The company traded as low as $31.39 and last traded at $32.3370. Approximately 48,878,924 shares traded hands during trading, an increase of 13% from the average daily volume of 43,325,492 shares. The stock had previously closed at $33.32.

Key Stories Impacting Super Micro Computer

Here are the key news stories impacting Super Micro Computer this week:

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SMCI. Wedbush cut their price target on Super Micro Computer from $42.00 to $34.00 and set a “neutral” rating on the stock in a report on Wednesday, May 6th. The Goldman Sachs Group restated a “sell” rating on shares of Super Micro Computer in a research note on Wednesday, May 6th. Barclays dropped their price objective on Super Micro Computer from $38.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Super Micro Computer in a research note on Friday, March 27th. Finally, Citigroup reiterated a “neutral” rating and issued a $31.00 target price (up from $25.00) on shares of Super Micro Computer in a report on Wednesday, May 6th. Four research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Super Micro Computer presently has a consensus rating of “Hold” and a consensus target price of $38.57.

Read Our Latest Research Report on SMCI

Super Micro Computer Stock Performance

The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.29 and a current ratio of 2.66. The stock has a market cap of $19.45 billion, a PE ratio of 17.11, a price-to-earnings-growth ratio of 0.59 and a beta of 1.86. The firm has a fifty day moving average price of $33.44 and a 200 day moving average price of $31.10.

Super Micro Computer (NASDAQ:SMCIGet Free Report) last announced its earnings results 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 firm had revenue of $10.24 billion for the quarter, compared to the consensus estimate of $12.39 billion. During the same period in the previous year, the business earned $0.31 EPS. The firm’s revenue for the quarter was up 122.7% on a year-over-year basis. Super Micro Computer has set its Q4 2026 guidance at 0.650-0.790 EPS. Research analysts forecast that Super Micro Computer, Inc. will post 2.11 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Super Micro Computer

Several hedge funds have recently modified their holdings of SMCI. Flagship Harbor Advisors LLC purchased a new position in shares of Super Micro Computer in the 4th quarter valued at approximately $25,000. Elyxium Wealth LLC acquired a new position in Super Micro Computer during the 4th quarter valued at approximately $26,000. Arax Advisory Partners acquired a new position in Super Micro Computer during the 4th quarter valued at approximately $28,000. SHP Wealth Management purchased a new position in shares of Super Micro Computer in the fourth quarter worth $29,000. Finally, Concord Wealth Partners raised its holdings in shares of Super Micro Computer by 2,564.1% in the fourth quarter. Concord Wealth Partners now owns 1,039 shares of the company’s stock worth $30,000 after buying an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 84.06% of the company’s stock.

About Super Micro Computer

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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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