FY2027 Earnings Forecast for SMCI Issued By Northland Capmk

Super Micro Computer, Inc. (NASDAQ:SMCI) – Investment analysts at Northland Capmk issued their FY2027 earnings per share estimates for Super Micro Computer in a report released on Tuesday, June 24th. Northland Capmk analyst N. Chokshi expects that the company will earn $2.37 per share for the year. The consensus estimate for Super Micro Computer’s current full-year earnings is $1.86 per share.

Several other equities research analysts have also recently commented on SMCI. JPMorgan Chase & Co. decreased their target price on Super Micro Computer from $36.00 to $35.00 and set a “neutral” rating for the company in a research note on Wednesday, May 7th. Rosenblatt Securities decreased their target price on Super Micro Computer from $55.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, May 7th. Barclays reaffirmed an “equal weight” rating and set a $34.00 target price on shares of Super Micro Computer in a research note on Tuesday, May 6th. Mizuho set a $40.00 target price on Super Micro Computer and gave the stock a “neutral” rating in a research note on Monday, May 19th. Finally, Wall Street Zen raised Super Micro Computer to a “sell” rating in a research note on Thursday, May 8th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $45.63.

Super Micro Computer Trading Up 8.8%

NASDAQ SMCI opened at $46.61 on Thursday. The business has a 50 day simple moving average of $39.21 and a 200 day simple moving average of $37.47. Super Micro Computer has a one year low of $17.25 and a one year high of $96.33. The stock has a market capitalization of $27.82 billion, a P/E ratio of 24.52 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a current ratio of 6.66 and a quick ratio of 3.95.

Super Micro Computer (NASDAQ:SMCI) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.01. The company had revenue of $4.60 billion during the quarter, compared to analysts’ expectations of $5.40 billion. Super Micro Computer had a return on equity of 20.41% and a net margin of 5.61%. The business’s quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.66 earnings per share.

Insider Activity

In other news, CEO Charles Liang sold 300,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 66,903,640 shares in the company, valued at $3,010,663,800. This trade represents a 0.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO David E. Weigand sold 67,000 shares of Super Micro Computer stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $44.02, for a total value of $2,949,340.00. Following the sale, the chief financial officer now owns 88,599 shares in the company, valued at $3,900,127.98. This trade represents a 43.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 667,000 shares of company stock worth $29,949,340 over the last 90 days. 17.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Super Micro Computer

A number of hedge funds have recently bought and sold shares of SMCI. Blue Trust Inc. lifted its holdings in Super Micro Computer by 203.2% during the fourth quarter. Blue Trust Inc. now owns 1,231 shares of the company’s stock worth $38,000 after acquiring an additional 825 shares during the period. Principal Securities Inc. increased its position in Super Micro Computer by 250.4% in the fourth quarter. Principal Securities Inc. now owns 3,147 shares of the company’s stock worth $96,000 after buying an additional 2,249 shares during the last quarter. D.A. Davidson & CO. increased its position in Super Micro Computer by 529.6% in the fourth quarter. D.A. Davidson & CO. now owns 15,306 shares of the company’s stock worth $467,000 after buying an additional 12,875 shares during the last quarter. New York State Common Retirement Fund increased its position in Super Micro Computer by 823.2% in the fourth quarter. New York State Common Retirement Fund now owns 270,290 shares of the company’s stock worth $8,238,000 after buying an additional 241,011 shares during the last quarter. Finally, Private Advisor Group LLC increased its position in Super Micro Computer by 545.6% in the fourth quarter. Private Advisor Group LLC now owns 31,978 shares of the company’s stock worth $975,000 after buying an additional 27,025 shares during the last quarter. 84.06% of the stock is currently owned by institutional investors.

About Super Micro Computer

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.