Concorde Asset Management LLC Cuts Stock Holdings in Super Micro Computer, Inc. $SMCI

Key Points

• Concorde Asset Management LLC reduced its holdings in Super Micro Computer, Inc. by 39.5% in Q1, now owning 12,453 shares worth $457,000 after selling 8,127 shares.
• Super Micro Computer's stock is down 1.7% and currently trades at $40.10, with a market cap of $23.83 billion and a 52-week range of $17.25 to $66.44.
• The company reported a Q1 earnings miss with $0.41 EPS, missing estimates by $0.03, and projected 2026 guidance of $0.400-0.520 EPS.

Concorde Asset Management LLC trimmed its holdings in shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 39.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,453 shares of the company's stock after selling 8,127 shares during the quarter. Concorde Asset Management LLC's holdings in Super Micro Computer were worth $457,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SMCI. Dimensional Fund Advisors LP purchased a new position in Super Micro Computer during the 4th quarter worth $8,991,000. Schonfeld Strategic Advisors LLC lifted its position in Super Micro Computer by 1,421.3% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 10,375 shares of the company's stock worth $316,000 after acquiring an additional 9,693 shares during the period. Mercer Global Advisors Inc. ADV acquired a new stake in Super Micro Computer during the 4th quarter worth about $1,070,000. Benjamin Edwards Inc. lifted its position in Super Micro Computer by 637.1% during the 4th quarter. Benjamin Edwards Inc. now owns 6,774 shares of the company's stock worth $206,000 after acquiring an additional 5,855 shares during the period. Finally, Captrust Financial Advisors lifted its position in Super Micro Computer by 1,170.5% during the 4th quarter. Captrust Financial Advisors now owns 240,179 shares of the company's stock worth $7,321,000 after acquiring an additional 221,274 shares during the period. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on SMCI shares. Barclays lifted their price target on Super Micro Computer from $29.00 to $45.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 7th. Needham & Company LLC lifted their price target on Super Micro Computer from $39.00 to $60.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Raymond James Financial started coverage on Super Micro Computer in a research report on Wednesday, June 25th. They set an "outperform" rating for the company. Mizuho lifted their price target on Super Micro Computer from $40.00 to $47.00 and gave the stock a "neutral" rating in a research report on Thursday, July 3rd. Finally, Zacks Research raised Super Micro Computer to a "hold" rating in a research report on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $45.31.

Insiders Place Their Bets

In related news, CFO David E. Weigand sold 25,000 shares of the company's stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $40.29, for a total value of $1,007,250.00. Following the completion of the transaction, the chief financial officer owned 100,188 shares of the company's stock, valued at approximately $4,036,574.52. This represents a 19.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Liang Chiu-Chu Sara Liu sold 300,000 shares of the company's stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $45.00, for a total value of $13,500,000.00. Following the completion of the transaction, the director directly owned 66,903,640 shares of the company's stock, valued at $3,010,663,800. The trade was a 0.45% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,065,000 shares of company stock worth $53,762,450. 16.30% of the stock is owned by company insiders.

Super Micro Computer Stock Performance

Shares of SMCI stock traded down $0.29 on Friday, hitting $40.41. The company had a trading volume of 21,728,851 shares, compared to its average volume of 24,760,624. The firm has a market cap of $24.01 billion, a P/E ratio of 24.34, a price-to-earnings-growth ratio of 1.01 and a beta of 1.56. The company has a 50-day moving average price of $48.51 and a 200-day moving average price of $42.45. The company has a quick ratio of 3.25, a current ratio of 5.25 and a debt-to-equity ratio of 0.74. Super Micro Computer, Inc. has a twelve month low of $17.25 and a twelve month high of $66.44.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.03). The company had revenue of $5.76 billion during the quarter, compared to analyst estimates of $5.88 billion. Super Micro Computer had a net margin of 4.77% and a return on equity of 17.14%. The business's quarterly revenue was up 8.5% compared to the same quarter last year. During the same period last year, the firm earned $6.25 EPS. Super Micro Computer has set its Q1 2026 guidance at 0.400-0.520 EPS. FY 2026 guidance at EPS. As a group, equities research analysts predict that Super Micro Computer, Inc. will post 1.86 earnings per share for the current fiscal year.

Super Micro Computer Company 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.