Super Micro Computer, Inc. (NASDAQ:SMCI – Get Free Report) traded down 3.5% during trading on Tuesday . The stock traded as low as $25.41 and last traded at $26.25. 38,489,758 shares changed hands during trading, a decline of 12% from the average daily volume of 43,792,676 shares. The stock had previously closed at $27.19.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on the company. The Goldman Sachs Group reissued a “sell” rating on shares of Super Micro Computer in a research note on Wednesday, May 6th. Northland Securities increased their target price on shares of Super Micro Computer from $22.00 to $34.00 in a research note on Wednesday, May 6th. Bank of America lowered their price objective on shares of Super Micro Computer from $34.00 to $24.00 and set an “underperform” rating for the company in a research report on Tuesday, March 24th. Wolfe Research began coverage on Super Micro Computer in a research report on Thursday, June 11th. They issued a “peer perform” rating on the stock. Finally, JPMorgan Chase & Co. raised their target price on Super Micro Computer from $28.00 to $32.00 and gave the company a “neutral” rating 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 issued a Sell rating to the stock. According to data from MarketBeat, Super Micro Computer currently has an average rating of “Hold” and an average price target of $38.57.
Read Our Latest Stock Analysis on Super Micro Computer
Super Micro Computer Trading Down 3.5%
Super Micro Computer (NASDAQ:SMCI – Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.21. The business had revenue of $10.24 billion for the quarter, compared to the consensus estimate of $12.39 billion. Super Micro Computer had a return on equity of 17.49% and a net margin of 3.70%.The business’s revenue for the quarter was up 122.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.31 EPS. Super Micro Computer has set its Q4 2026 guidance at 0.650-0.790 EPS. On average, research analysts predict that Super Micro Computer, Inc. will post 2.13 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of SMCI. Norges Bank acquired a new position in Super Micro Computer in the fourth quarter valued at $136,569,000. Clear Street Group Inc. purchased a new stake in shares of Super Micro Computer in the 3rd quarter valued at about $147,631,000. Dimensional Fund Advisors LP boosted its position in shares of Super Micro Computer by 833.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,939,536 shares of the company’s stock valued at $140,882,000 after purchasing an additional 2,624,746 shares during the period. Invesco Ltd. boosted its position in shares of Super Micro Computer by 21.2% in the 4th quarter. Invesco Ltd. now owns 9,953,780 shares of the company’s stock valued at $291,347,000 after purchasing an additional 1,738,749 shares during the period. Finally, Amundi increased its position in Super Micro Computer by 188.8% during the fourth quarter. Amundi now owns 2,421,891 shares of the company’s stock worth $70,889,000 after buying an additional 1,583,229 shares during the period. Institutional investors and hedge funds own 84.06% of the company’s stock.
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.
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