Northland Capmk Analysts Lift Earnings Estimates for Super Micro Computer, Inc. (NASDAQ:SMCI)

Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) - Investment analysts at Northland Capmk lifted their FY2024 earnings per share estimates for Super Micro Computer in a research report issued to clients and investors on Wednesday, May 1st. Northland Capmk analyst N. Chokshi now forecasts that the company will post earnings of $21.28 per share for the year, up from their previous forecast of $19.71. The consensus estimate for Super Micro Computer's current full-year earnings is $21.11 per share. Northland Capmk also issued estimates for Super Micro Computer's Q4 2024 earnings at $7.59 EPS, Q1 2025 earnings at $5.41 EPS, Q2 2025 earnings at $6.91 EPS, Q3 2025 earnings at $6.62 EPS, Q4 2025 earnings at $8.80 EPS, FY2025 earnings at $27.77 EPS and FY2026 earnings at $29.88 EPS.

Other analysts have also issued reports about the company. Wells Fargo & Company lowered their target price on Super Micro Computer from $960.00 to $890.00 and set an "equal weight" rating on the stock in a research note on Wednesday, May 1st. Bank of America boosted their target price on Super Micro Computer from $1,040.00 to $1,280.00 and gave the company a "buy" rating in a research note on Wednesday, March 13th. The Goldman Sachs Group reduced their price target on Super Micro Computer from $937.00 to $800.00 and set a "neutral" rating for the company in a research report on Wednesday, May 1st. Wedbush lifted their price target on Super Micro Computer from $530.00 to $800.00 and gave the company a "neutral" rating in a research report on Wednesday, May 1st. Finally, Susquehanna lifted their price target on Super Micro Computer from $162.00 to $250.00 and gave the company a "negative" rating in a research report on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Super Micro Computer currently has an average rating of "Moderate Buy" and a consensus target price of $954.38.

Super Micro Computer Stock Performance

Shares of SMCI traded up $47.65 during mid-day trading on Monday, hitting $830.35. The stock had a trading volume of 5,320,594 shares, compared to its average volume of 9,594,272. The firm has a market cap of $46.44 billion, a P/E ratio of 46.54, a PEG ratio of 0.71 and a beta of 1.34. The business has a fifty day moving average price of $946.34 and a 200-day moving average price of $586.69. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.69 and a quick ratio of 2.29. Super Micro Computer has a 52 week low of $131.06 and a 52 week high of $1,229.00.

Insider Buying and Selling

In related news, SVP Don W. Clegg sold 28,727 shares of the business's stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $874.57, for a total transaction of $25,123,772.39. Following the completion of the transaction, the senior vice president now directly owns 2,110 shares in the company, valued at $1,845,342.70. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, SVP Don W. Clegg sold 28,727 shares of the company's stock in a transaction dated Wednesday, February 14th. The stock was 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 directly owns 2,110 shares in the company, valued at approximately $1,845,342.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Liang Chiu-Chu Sara Liu sold 525 shares of the company's stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $869.62, for a total value of $456,550.50. Following the completion of the transaction, the director now owns 3,459 shares of the company's stock, valued at $3,008,015.58. The disclosure for this sale can be found here. Insiders sold a total of 34,252 shares of company stock worth $29,950,223 over the last ninety days. 17.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Super Micro Computer

A number of hedge funds and other institutional investors have recently modified their holdings of SMCI. Caisse DE Depot ET Placement DU Quebec bought a new stake in shares of Super Micro Computer in the 3rd quarter valued at about $55,943,000. Natixis Advisors L.P. lifted its stake in shares of Super Micro Computer by 31.4% in the 3rd quarter. Natixis Advisors L.P. now owns 17,218 shares of the company's stock valued at $4,722,000 after acquiring an additional 4,118 shares during the last quarter. Shilanski & Associates Inc. lifted its stake in shares of Super Micro Computer by 2.7% in the 4th quarter. Shilanski & Associates Inc. now owns 5,103 shares of the company's stock valued at $1,451,000 after acquiring an additional 134 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of Super Micro Computer by 154.5% in the 4th quarter. Geneos Wealth Management Inc. now owns 4,728 shares of the company's stock valued at $1,344,000 after acquiring an additional 2,870 shares during the last quarter. Finally, Mutual of America Capital Management LLC lifted its stake in shares of Super Micro Computer by 26.5% in the 3rd quarter. Mutual of America Capital Management LLC now owns 54,182 shares of the company's stock valued at $14,858,000 after acquiring an additional 11,342 shares during the last quarter. 84.06% of the stock is currently owned by hedge funds and other 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.