Super Micro Computer (NASDAQ:SMCI) Releases Q3 2022 Earnings Guidance

Super Micro Computer (NASDAQ:SMCIGet Rating) updated its third quarter 2022 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $1.400-$1.500 for the period, compared to the Thomson Reuters consensus estimate of $0.800. The company issued revenue guidance of $1.30 billion-$1.35 billion, compared to the consensus revenue estimate of $1.14 billion.

Several equities research analysts recently weighed in on the company. Zacks Investment Research downgraded Super Micro Computer from a buy rating to a hold rating in a report on Wednesday, April 6th. StockNews.com began coverage on Super Micro Computer in a report on Thursday, March 31st. They set a hold rating for the company. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Super Micro Computer currently has a consensus rating of Buy and an average target price of $50.60.

NASDAQ:SMCI traded up $1.01 during trading hours on Monday, hitting $36.61. The company’s stock had a trading volume of 207,861 shares, compared to its average volume of 239,740. The company has a 50-day moving average price of $39.62. The firm has a market capitalization of $1.89 billion, a P/E ratio of 17.66 and a beta of 1.36. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.91 and a quick ratio of 0.75. Super Micro Computer has a 52-week low of $32.88 and a 52-week high of $47.99.

Super Micro Computer (NASDAQ:SMCIGet Rating) last released its quarterly earnings data on Tuesday, February 1st. The company reported $0.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.11. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Super Micro Computer had a return on equity of 11.50% and a net margin of 3.00%. Super Micro Computer’s revenue was up 41.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.55 earnings per share. On average, research analysts anticipate that Super Micro Computer will post 2.67 EPS for the current fiscal year.

In other news, CEO Charles Liang sold 29,000 shares of the firm’s stock in a transaction on Wednesday, January 19th. The stock was sold at an average price of $43.29, for a total value of $1,255,410.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sherman Tuan sold 9,604 shares of the firm’s stock in a transaction on Thursday, February 10th. The shares were sold at an average price of $39.00, for a total value of $374,556.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 78,216 shares of company stock valued at $3,260,792. Company insiders own 15.80% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Legal & General Group Plc boosted its stake in shares of Super Micro Computer by 4.4% during the fourth quarter. Legal & General Group Plc now owns 13,500 shares of the company’s stock valued at $593,000 after acquiring an additional 567 shares during the last quarter. Deutsche Bank AG boosted its stake in Super Micro Computer by 4.9% in the 4th quarter. Deutsche Bank AG now owns 31,888 shares of the company’s stock worth $1,401,000 after buying an additional 1,484 shares during the last quarter. California State Teachers Retirement System boosted its stake in Super Micro Computer by 3.4% in the 4th quarter. California State Teachers Retirement System now owns 58,197 shares of the company’s stock worth $2,558,000 after buying an additional 1,904 shares during the last quarter. Credit Suisse AG boosted its stake in Super Micro Computer by 17.6% in the 4th quarter. Credit Suisse AG now owns 33,817 shares of the company’s stock worth $1,486,000 after buying an additional 5,056 shares during the last quarter. Finally, Allianz Asset Management GmbH acquired a new stake in Super Micro Computer in the 4th quarter worth about $224,000. 69.02% of the stock is currently owned by institutional investors and hedge funds.

About Super Micro Computer (Get Rating)

Super Micro Computer, Inc, together with its subsidiaries, develops and manufactures high-performance server and storage solutions based on modular and open architecture. Its solutions range from complete server, storage, modular blade servers, blades, workstations, full racks, networking devices, server management software, and server sub-systems, as well as support and services.

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