Analysts Issue Forecasts for Super Micro Computer, Inc.’s Q3 2024 Earnings (NASDAQ:SMCI)

Super Micro Computer, Inc. (NASDAQ:SMCI) – Investment analysts at KeyCorp issued their Q3 2024 earnings estimates for Super Micro Computer in a report issued on Tuesday, April 23rd. KeyCorp analyst T. Blakey expects that the company will earn $5.44 per share for the quarter. KeyCorp currently has a “Sector Weight” rating on the stock. The consensus estimate for Super Micro Computer’s current full-year earnings is $20.24 per share. KeyCorp also issued estimates for Super Micro Computer’s Q4 2024 earnings at $7.16 EPS, FY2024 earnings at $20.23 EPS, Q1 2025 earnings at $5.96 EPS, Q2 2025 earnings at $7.35 EPS, Q4 2025 earnings at $9.22 EPS and FY2025 earnings at $30.16 EPS.

Super Micro Computer (NASDAQ:SMCI) last announced its quarterly earnings data on Monday, January 29th. The company reported $5.59 EPS for the quarter, beating analysts’ consensus estimates of $4.94 by $0.65. Super Micro Computer had a net margin of 7.92% and a return on equity of 32.34%. The company had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same period in the prior year, the firm posted $3.09 EPS. The company’s quarterly revenue was up 103.0% compared to the same quarter last year.

SMCI has been the subject of several other reports. Rosenblatt Securities upped their price objective on Super Micro Computer from $700.00 to $1,300.00 and gave the stock a “buy” rating in a research report on Tuesday, February 20th. JPMorgan Chase & Co. initiated coverage on shares of Super Micro Computer in a report on Monday, March 25th. They set an “overweight” rating and a $1,150.00 price objective on the stock. StockNews.com downgraded shares of Super Micro Computer from a “hold” rating to a “sell” rating in a research report on Tuesday, April 23rd. Loop Capital increased their target price on shares of Super Micro Computer from $600.00 to $1,500.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Finally, Argus started coverage on shares of Super Micro Computer in a research report on Wednesday, March 6th. They issued a “buy” rating and a $1,350.00 price target for the company. Two research analysts have rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $949.85.

Super Micro Computer Stock Performance

NASDAQ:SMCI opened at $857.44 on Friday. Super Micro Computer has a 12 month low of $93.34 and a 12 month high of $1,229.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.43 and a quick ratio of 1.19. The firm has a market capitalization of $47.96 billion, a PE ratio of 66.94, a price-to-earnings-growth ratio of 0.70 and a beta of 1.28. The business’s fifty day moving average price is $948.90 and its 200 day moving average price is $566.72.

Insider Buying and Selling at Super Micro Computer

In other Super Micro Computer news, Director Sherman Tuan sold 5,000 shares of the business’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $873.98, for a total transaction of $4,369,900.00. Following the sale, the director now directly owns 22,113 shares in the company, valued at $19,326,319.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Sherman Tuan sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $873.98, for a total transaction of $4,369,900.00. Following the completion of the transaction, the director now directly owns 22,113 shares of the company’s stock, valued at approximately $19,326,319.74. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Don W. Clegg sold 28,727 shares of the company’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $874.57, for a total value of $25,123,772.39. Following the completion of the sale, the senior vice president now owns 2,110 shares in the company, valued at $1,845,342.70. The disclosure for this sale can be found here. Over the last quarter, insiders sold 34,989 shares of company stock valued at $30,113,681. 17.60% of the stock is owned by company insiders.

Institutional Trading of Super Micro Computer

Several hedge funds and other institutional investors have recently bought and sold shares of SMCI. BLB&B Advisors LLC purchased a new position in shares of Super Micro Computer during the 1st quarter worth $475,000. YHB Investment Advisors Inc. purchased a new position in Super Micro Computer during the first quarter worth about $66,000. Value Aligned Research Advisors LLC boosted its stake in Super Micro Computer by 4.1% in the 1st quarter. Value Aligned Research Advisors LLC now owns 54,841 shares of the company’s stock worth $55,391,000 after buying an additional 2,151 shares during the last quarter. McKinley Carter Wealth Services Inc. acquired a new position in shares of Super Micro Computer during the 1st quarter valued at about $227,000. Finally, CloudAlpha Capital Management Limited Hong Kong purchased a new position in shares of Super Micro Computer during the 1st quarter worth about $8,080,000. 84.06% of the stock is owned by hedge funds and other institutional investors.

Super Micro Computer Company Profile

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.