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

Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) - Research analysts at KeyCorp issued their Q3 2024 earnings estimates for shares of Super Micro Computer in a research report issued on Tuesday, April 23rd. KeyCorp analyst T. Blakey anticipates 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.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last posted its earnings results on Monday, January 29th. The company reported $5.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.94 by $0.65. The business had revenue of $3.66 billion for 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 business's revenue for the quarter was up 103.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.09 EPS.

Other research analysts also recently issued reports about the company. Loop Capital increased their target price on 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. Barclays raised their price target on Super Micro Computer from $691.00 to $961.00 and gave the company an "overweight" rating in a research note on Tuesday, February 13th. JPMorgan Chase & Co. started coverage on Super Micro Computer in a report on Monday, March 25th. They issued an "overweight" rating and a $1,150.00 price target for the company. Susquehanna raised their price target on Super Micro Computer from $162.00 to $250.00 and gave the stock a "negative" rating in a report on Tuesday, January 30th. Finally, Rosenblatt Securities lifted their target price on Super Micro Computer from $700.00 to $1,300.00 and gave the stock a "buy" rating in a report on Tuesday, February 20th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $949.85.

Super Micro Computer Price Performance

SMCI traded up $70.04 during trading on Friday, reaching $857.44. 7,042,735 shares of the company traded hands, compared to its average volume of 9,763,643. 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 12-month low of $93.34 and a 12-month high of $1,229.00. The firm has a fifty day simple moving average of $947.82 and a 200 day simple moving average of $560.99. The company has a market cap of $47.96 billion, a P/E ratio of 65.25, a PEG ratio of 0.67 and a beta of 1.28.

Insider Activity

In other news, SVP Don W. Clegg sold 28,727 shares of Super Micro Computer 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 in the company, valued at $1,845,342.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Super Micro Computer news, Director Sherman Tuan sold 5,000 shares of the company'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 owns 22,113 shares in the company, valued at approximately $19,326,319.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 transaction of $25,123,772.39. Following the sale, the senior vice president now owns 2,110 shares of the company's stock, valued at approximately $1,845,342.70. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 34,989 shares of company stock worth $30,113,681. Insiders own 17.60% of the company's stock.

Hedge Funds Weigh In On Super Micro Computer

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Allworth Financial LP bought a new stake in shares of Super Micro Computer in the 3rd quarter valued at about $27,000. Optimum Investment Advisors bought a new stake in shares of Super Micro Computer in the 4th quarter valued at about $28,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Super Micro Computer in the 4th quarter valued at about $30,000. FinTrust Capital Advisors LLC acquired a new position in shares of Super Micro Computer during the 4th quarter worth approximately $33,000. Finally, Bank of New Hampshire acquired a new position in shares of Super Micro Computer during the 1st quarter worth approximately $35,000. 84.06% of the stock is owned by institutional investors and hedge funds.

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.