Super Micro Computer (NASDAQ:SMCI) Stock Price Down 2.3% - Here's What Happened

Key Points

• SMCI shares fell 2.3% in mid-day trading to about $31.70 (intraday low $31.33) on volume of ~34.3M shares, trading slightly below its 50-day moving average ($31.87) and well under its 200-day average ($42.64).
• Quarterly results missed expectations: Super Micro reported $0.35 EPS vs. $0.46 expected and revenue of $5.02B vs. $6.48B expected (revenue down 15.5% YoY), and set Q2 FY2026 EPS guidance of $0.46–$0.54.
• Analysts have trimmed targets: several brokers cut price targets (examples: JPMorgan to $40, Raymond James to $50, Needham to $51), and the consensus rating is a "Hold" with a $46.19 average target (8 Buy / 8 Hold / 2 Sell).

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report)'s stock price fell 2.3% during mid-day trading on Friday . The stock traded as low as $31.33 and last traded at $31.70. 34,279,554 shares traded hands during mid-day trading, a decline of 2% from the average session volume of 35,090,164 shares. The stock had previously closed at $32.45.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SMCI. JPMorgan Chase & Co. lowered their price target on shares of Super Micro Computer from $43.00 to $40.00 and set a "neutral" rating on the stock in a research report on Wednesday, November 5th. Raymond James Financial decreased their target price on shares of Super Micro Computer from $53.00 to $50.00 and set an "outperform" rating on the stock in a report on Wednesday, November 5th. Needham & Company LLC dropped their price target on shares of Super Micro Computer from $60.00 to $51.00 and set a "buy" rating for the company in a research note on Wednesday, November 5th. Rosenblatt Securities reduced their price target on shares of Super Micro Computer from $60.00 to $55.00 and set a "buy" rating on the stock in a research report on Wednesday, November 5th. Finally, Citigroup decreased their price objective on Super Micro Computer from $48.00 to $39.00 and set a "neutral" rating on the stock in a report on Tuesday. Eight research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $46.19.

Super Micro Computer Price Performance

The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.95 and a current ratio of 5.39. The stock's 50-day moving average is $31.87 and its two-hundred day moving average is $42.64. The stock has a market cap of $18.92 billion, a PE ratio of 25.36, a PEG ratio of 0.68 and a beta of 1.54.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last announced its earnings results on Tuesday, November 4th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.46 by ($0.11). Super Micro Computer had a net margin of 3.77% and a return on equity of 12.70%. The firm had revenue of $5.02 billion during the quarter, compared to analysts' expectations of $6.48 billion. During the same period in the previous year, the firm earned $0.73 EPS. The firm's revenue for the quarter was down 15.5% compared to the same quarter last year. Super Micro Computer has set its Q2 2026 guidance at 0.460-0.540 EPS. On average, equities analysts predict that Super Micro Computer, Inc. will post 1.86 earnings per share for the current year.

Hedge Funds Weigh In On Super Micro Computer

Institutional investors have recently bought and sold shares of the company. Anfield Capital Management LLC purchased a new position in shares of Super Micro Computer in the second quarter valued at approximately $25,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Super Micro Computer during the 2nd quarter worth approximately $25,000. Armstrong Advisory Group Inc. purchased a new position in Super Micro Computer in the 3rd quarter valued at approximately $29,000. Hazlett Burt & Watson Inc. grew its stake in shares of Super Micro Computer by 68.6% in the third quarter. Hazlett Burt & Watson Inc. now owns 661 shares of the company's stock worth $31,000 after acquiring an additional 269 shares in the last quarter. Finally, TD Private Client Wealth LLC grew its stake in shares of Super Micro Computer by 46.0% in the second quarter. TD Private Client Wealth LLC now owns 800 shares of the company's stock worth $39,000 after acquiring an additional 252 shares in the last quarter. 84.06% of the stock is owned by institutional investors and hedge funds.

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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