Super Micro Computer, Inc. (NASDAQ:SMCI) Expected to Post Q3 2024 Earnings of $5.44 Per Share

Super Micro Computer, Inc. (NASDAQ:SMCI) – Research analysts at KeyCorp issued their Q3 2024 earnings estimates for Super Micro Computer in a report released on Tuesday, April 23rd. KeyCorp analyst T. Blakey forecasts that the company will earn $5.44 per share for the quarter. KeyCorp 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.

SMCI has been the subject of a number of other reports. Bank of America increased their target price on shares of Super Micro Computer from $1,040.00 to $1,280.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. Wedbush reiterated a “neutral” rating and issued a $530.00 target price on shares of Super Micro Computer in a research report on Wednesday. JPMorgan Chase & Co. initiated 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 for the company. Wells Fargo & Company initiated coverage on shares of Super Micro Computer in a research report on Friday, February 16th. They issued an “equal weight” rating and a $960.00 target price for the company. Finally, Susquehanna increased their target price on shares of Super Micro Computer from $162.00 to $250.00 and gave the company a “negative” rating in a research report on Tuesday, January 30th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $949.85.

Super Micro Computer Stock Performance

NASDAQ:SMCI opened at $857.44 on Friday. The company has a fifty day moving average of $948.90 and a two-hundred day moving average of $564.93. The stock has a market capitalization of $47.96 billion, a PE ratio of 66.94, a P/E/G ratio of 0.67 and a beta of 1.28. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.19 and a current ratio of 2.43. Super Micro Computer has a fifty-two week low of $93.34 and a fifty-two week high of $1,229.00.

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

Insider Activity

In other news, SVP Don W. Clegg sold 28,727 shares of the firm’s stock in a transaction that occurred 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 transaction, the senior vice president now owns 2,110 shares of the company’s stock, valued at $1,845,342.70. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Liang Chiu-Chu Sara Liu sold 962 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $476.10, for a total value of $458,008.20. Following the sale, the director now owns 2,714 shares of the company’s stock, valued at $1,292,135.40. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Don W. Clegg sold 28,727 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $874.57, for a total transaction of $25,123,772.39. Following the completion of the sale, the senior vice president now directly owns 2,110 shares in the company, valued at approximately $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 currently owned by company insiders.

Institutional Trading of Super Micro Computer

Several hedge funds have recently added to or reduced their stakes in SMCI. CWM LLC raised its holdings in Super Micro Computer by 9.4% in the third quarter. CWM LLC now owns 510 shares of the company’s stock valued at $140,000 after acquiring an additional 44 shares in the last quarter. Global Retirement Partners LLC raised its holdings in Super Micro Computer by 436.9% during the third quarter. Global Retirement Partners LLC now owns 553 shares of the company’s stock worth $155,000 after purchasing an additional 450 shares in the last quarter. Avior Wealth Management LLC raised its holdings in Super Micro Computer by 835.3% during the third quarter. Avior Wealth Management LLC now owns 318 shares of the company’s stock worth $87,000 after purchasing an additional 284 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in Super Micro Computer during the third quarter worth approximately $62,000. Finally, Meridian Wealth Management LLC acquired a new stake in Super Micro Computer during the third quarter worth approximately $263,000. Institutional investors and hedge funds own 84.06% of the company’s stock.

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.