Super Micro Computer (NASDAQ:SMCI) Shares Down 1.7% - Here's Why

Key Points

• Shares of Super Micro Computer fell 1.7% to $31.83 on Monday, with trading volume of about 28.6 million shares, roughly 14% below its average daily volume.
• Earnings beat: The company reported Q results of $0.69 EPS (vs. $0.49 est.) and $12.68 billion revenue (vs. $10.34 billion est.), with revenue up 123.4% YoY and Q3 guidance near $0.60 EPS.
• Analyst stance is mixed: five Buys, eight Holds and two Sells give an average rating of "Hold" and an average target price of $43.43, even as several firms have lowered their price targets recently.

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) was down 1.7% during trading on Monday . The company traded as low as $30.55 and last traded at $31.83. Approximately 28,629,531 shares traded hands during trading, a decline of 14% from the average daily volume of 33,206,289 shares. The stock had previously closed at $32.39.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SMCI. Sanford C. Bernstein reduced their price objective on shares of Super Micro Computer from $42.00 to $37.00 and set a "market perform" rating for the company in a research note on Wednesday, February 4th. Zacks Research upgraded Super Micro Computer from a "strong sell" rating to a "hold" rating in a research note on Monday, December 8th. The Goldman Sachs Group raised their price target on Super Micro Computer from $26.00 to $27.00 and gave the company a "sell" rating in a report on Wednesday, February 4th. Mizuho set a $33.00 price target on Super Micro Computer in a report on Wednesday, February 4th. Finally, Citigroup dropped their target price on shares of Super Micro Computer from $48.00 to $39.00 and set a "neutral" rating for the company in a research report on Tuesday, January 20th. Five equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $43.43.

Super Micro Computer Price Performance

The company has a current ratio of 1.70, a quick ratio of 1.01 and a debt-to-equity ratio of 0.67. The firm's 50-day moving average price is $30.97 and its 200-day moving average price is $38.77. The stock has a market capitalization of $19.07 billion, a PE ratio of 23.75, a PEG ratio of 0.64 and a beta of 1.52.

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

Institutional Trading of Super Micro Computer

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in Super Micro Computer by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 66,152,948 shares of the company's stock valued at $3,242,156,000 after acquiring an additional 1,745,179 shares during the period. Norges Bank bought a new stake in shares of Super Micro Computer during the second quarter worth $150,395,000. Focus Financial Network Inc. lifted its position in shares of Super Micro Computer by 4,042.2% during the third quarter. Focus Financial Network Inc. now owns 264,688 shares of the company's stock worth $12,689,000 after purchasing an additional 258,298 shares during the last quarter. BLKBRD Asset Management LP purchased a new stake in shares of Super Micro Computer during the second quarter valued at $9,486,000. Finally, Thames Capital Management LLC bought a new position in shares of Super Micro Computer in the second quarter worth about $12,760,000. 84.06% of the stock is currently owned by institutional investors.

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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