Super Micro Computer (NASDAQ:SMCI) Shares Down 5% - Here's What Happened

Key Points

• Shares fell 5% to $30.43 on Thursday, with trading volume roughly 30% below its average daily level.
• Analyst sentiment is mixed — the consensus rating is "Hold" with a consensus target of $43.43, but several firms have recently cut targets (e.g., Raymond James to $35, JPMorgan to $40) while others still rate it a buy.
• Quarterly results beat expectations (EPS $0.69 vs. $0.49 estimate) and reported revenue of $12.68B, up 123.4% YoY, and institutional investors own about 84% of the stock.

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) dropped 5% on Thursday . The company traded as low as $30.42 and last traded at $30.43. Approximately 25,391,017 shares traded hands during trading, a decline of 30% from the average daily volume of 36,025,230 shares. The stock had previously closed at $32.04.

Analyst Ratings Changes

A number of research analysts recently commented on SMCI shares. Rosenblatt Securities restated a "buy" rating and issued a $55.00 target price on shares of Super Micro Computer in a research note on Monday, February 2nd. Raymond James Financial lowered their price target on Super Micro Computer from $50.00 to $35.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 4th. Zacks Research raised shares of Super Micro Computer from a "strong sell" rating to a "hold" rating in a report on Monday, December 8th. Northland Securities set a $63.00 target price on shares of Super Micro Computer in a research note on Wednesday, November 5th. Finally, JPMorgan Chase & Co. reduced their target price on Super Micro Computer from $43.00 to $40.00 and set a "neutral" rating on the stock in a report on Wednesday, November 5th. Six analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, Super Micro Computer has an average rating of "Hold" and a consensus target price of $43.43.

Super Micro Computer Stock Performance

The firm has a market cap of $18.23 billion, a P/E ratio of 22.71, a PEG ratio of 0.65 and a beta of 1.53. The company has a quick ratio of 1.01, a current ratio of 1.70 and a debt-to-equity ratio of 0.67. The firm has a fifty day moving average of $31.33 and a 200-day moving average of $40.66.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last issued its earnings results 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. Super Micro Computer had a net margin of 3.11% and a return on equity of 13.22%. The company had revenue of $12.68 billion for the quarter, compared to analyst estimates of $10.34 billion. During the same quarter last year, the firm earned $0.59 EPS. The company'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. Research analysts predict that Super Micro Computer, Inc. will post 1.86 earnings per share for the current fiscal year.

Institutional Trading of Super Micro Computer

A number of institutional investors and hedge funds have recently modified their holdings of SMCI. Norges Bank bought a new stake in Super Micro Computer in the fourth quarter valued at approximately $136,569,000. Clear Street LLC bought a new position in shares of Super Micro Computer during the 2nd quarter valued at about $158,724,000. Clear Street Group Inc. acquired a new position in shares of Super Micro Computer in the 3rd quarter valued at approximately $147,631,000. Marshall Wace LLP increased its stake in Super Micro Computer by 596.4% during the 2nd quarter. Marshall Wace LLP now owns 3,437,714 shares of the company's stock worth $168,482,000 after purchasing an additional 2,944,049 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in Super Micro Computer by 4.1% during the 3rd quarter. Vanguard Group Inc. now owns 68,848,777 shares of the company's stock worth $3,300,610,000 after purchasing an additional 2,695,829 shares in the last quarter. 84.06% of the stock is 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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