Victory Capital Management Inc. Decreases Stock Holdings in Super Micro Computer, Inc. $SMCI

Key Points

• Victory Capital Management cut its stake in Super Micro by 29.3%, selling 118,569 shares and holding 286,086 shares valued at about $13.72 million at quarter-end.
• Supermicro beat quarterly estimates—EPS $0.69 vs $0.49 and revenue $12.68B (up 123.4%)—but analysts have trimmed targets and the consensus rating is "Hold" with an average target of $43.43.

Victory Capital Management Inc. cut its holdings in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 29.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 286,086 shares of the company's stock after selling 118,569 shares during the period. Victory Capital Management Inc.'s holdings in Super Micro Computer were worth $13,715,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Anfield Capital Management LLC bought a new stake in Super Micro Computer in the second quarter worth $25,000. Twin Peaks Wealth Advisors LLC purchased a new stake in Super Micro Computer in the 2nd quarter worth about $25,000. Armstrong Advisory Group Inc. bought a new stake in Super Micro Computer in the third quarter worth about $29,000. Hazlett Burt & Watson Inc. boosted its position in shares of Super Micro Computer by 68.6% during the third quarter. Hazlett Burt & Watson Inc. now owns 661 shares of the company's stock valued at $31,000 after buying an additional 269 shares during the period. Finally, Advisors Asset Management Inc. bought a new stake in shares of Super Micro Computer during the 1st quarter worth approximately $39,000. 84.06% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on SMCI shares. Citigroup reduced their target price on Super Micro Computer from $48.00 to $39.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 20th. Sanford C. Bernstein reduced their price target on shares of Super Micro Computer from $42.00 to $37.00 and set a "market perform" rating on the stock in a research note on Wednesday, February 4th. Needham & Company LLC decreased their price objective on shares of Super Micro Computer from $51.00 to $40.00 and set a "buy" rating for the company in a report on Wednesday, February 4th. Weiss Ratings reissued a "hold (c)" rating on shares of Super Micro Computer in a research report on Monday, December 29th. Finally, Wall Street Zen upgraded Super Micro Computer from a "sell" rating to a "hold" rating in a report on Sunday, February 15th. Five research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Super Micro Computer presently has an average rating of "Hold" and an average target price of $43.43.

Super Micro Computer Stock Performance

Shares of SMCI stock opened at $31.79 on Thursday. The business's fifty day simple moving average is $31.21 and its 200-day simple moving average is $38.11. The company has a current ratio of 1.70, a quick ratio of 1.01 and a debt-to-equity ratio of 0.67. Super Micro Computer, Inc. has a 12-month low of $27.60 and a 12-month high of $62.36. The company has a market cap of $19.04 billion, a PE ratio of 23.72, a PEG ratio of 0.63 and a beta of 1.52.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last posted its quarterly earnings data on Tuesday, February 3rd. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.20. The firm had revenue of $12.68 billion for the quarter, compared to the consensus estimate of $10.34 billion. Super Micro Computer had a net margin of 3.11% and a return on equity of 13.22%. The company's revenue for the quarter was up 123.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.59 earnings per share. Super Micro Computer has set its Q3 2026 guidance at 0.600- EPS. Analysts expect that Super Micro Computer, Inc. will post 1.86 earnings per share for the current fiscal year.

Super Micro Computer 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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