Super Micro Computer (NASDAQ:SMCI) Earns Sector Weight Rating from Analysts at KeyCorp

KeyCorp began coverage on shares of Super Micro Computer (NASDAQ:SMCI) in a research note issued to investors on Wednesday, April 24th, MarketBeat Ratings reports. The brokerage set a “sector weight” rating on the stock. KeyCorp also issued estimates for Super Micro Computer’s Q3 2024 earnings at $5.44 EPS, 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, Q3 2025 earnings at $7.37 EPS, Q4 2025 earnings at $9.22 EPS and FY2025 earnings at $30.16 EPS.

Several other research firms also recently weighed in on SMCI. Argus began coverage on Super Micro Computer in a research report on Wednesday, March 6th. They set a “buy” rating and a $1,350.00 target price on the stock. JPMorgan Chase & Co. started coverage on shares of Super Micro Computer in a research report on Monday, March 25th. They issued an “overweight” rating and a $1,150.00 target price on the stock. Rosenblatt Securities upped their price target on shares of 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. Northland Securities lifted their price target on shares of Super Micro Computer from $925.00 to $1,300.00 and gave the company an “outperform” rating in a report on Monday, March 25th. Finally, Loop Capital upped their price objective on Super Micro Computer from $600.00 to $1,500.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $970.62.

Super Micro Computer Price Performance

Shares of NASDAQ:SMCI traded down $130.80 on Wednesday, reaching $728.00. 5,375,074 shares of the company were exchanged, compared to its average volume of 9,630,967. Super Micro Computer has a 1-year low of $101.71 and a 1-year high of $1,229.00. The company has a current ratio of 2.43, a quick ratio of 1.19 and a debt-to-equity ratio of 0.03. The firm has a market cap of $40.72 billion, a price-to-earnings ratio of 55.93, a price-to-earnings-growth ratio of 0.79 and a beta of 1.28. The company has a 50-day moving average of $952.07 and a 200-day moving average of $576.78.

Super Micro Computer (NASDAQ:SMCI) last issued 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 firm had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $2.80 billion. During the same period in the prior year, the company earned $3.09 EPS. The firm’s revenue was up 103.0% on a year-over-year basis. Equities analysts forecast that Super Micro Computer will post 20.24 earnings per share for the current fiscal year.

Insider Transactions at Super Micro Computer

In other news, Director Daniel W. Fairfax sold 300 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $540.00, for a total transaction of $162,000.00. Following the transaction, the director now owns 20,087 shares in the company, valued at approximately $10,846,980. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director Daniel W. Fairfax sold 300 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $540.00, for a total transaction of $162,000.00. Following the sale, the director now directly owns 20,087 shares in the company, valued at $10,846,980. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Sherman Tuan sold 5,000 shares of the business’s stock in a transaction 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 sale, the director now directly owns 22,113 shares in the company, valued at approximately $19,326,319.74. The disclosure for this sale can be found here. Insiders sold a total of 34,027 shares of company stock worth $29,655,672 over the last three months. 17.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in SMCI. Sound Income Strategies LLC boosted its holdings in shares of Super Micro Computer by 14.4% in the 1st quarter. Sound Income Strategies LLC now owns 103 shares of the company’s stock worth $104,000 after acquiring an additional 13 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of Super Micro Computer by 42.9% during the first quarter. Versant Capital Management Inc now owns 50 shares of the company’s stock worth $51,000 after purchasing an additional 15 shares during the last quarter. TFC Financial Management Inc. raised its holdings in shares of Super Micro Computer by 23.1% in the first quarter. TFC Financial Management Inc. now owns 80 shares of the company’s stock valued at $81,000 after buying an additional 15 shares during the last quarter. Valeo Financial Advisors LLC grew its holdings in Super Micro Computer by 1.3% during the 1st quarter. Valeo Financial Advisors LLC now owns 1,270 shares of the company’s stock worth $1,283,000 after acquiring an additional 16 shares during the last quarter. Finally, Crossmark Global Holdings Inc. increased its position in Super Micro Computer by 0.4% in the 4th quarter. Crossmark Global Holdings Inc. now owns 4,078 shares of the company’s stock valued at $1,160,000 after acquiring an additional 18 shares in the last quarter. 84.06% of the stock is 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.