Analysts Set Expectations for Super Micro Computer, Inc.’s FY2024 Earnings (NASDAQ:SMCI)

Super Micro Computer, Inc. (NASDAQ:SMCI) – Analysts at Wedbush raised their FY2024 earnings estimates for Super Micro Computer in a research report issued on Wednesday, May 1st. Wedbush analyst M. Bryson now anticipates that the company will post earnings per share of $21.01 for the year, up from their previous estimate of $19.61. Wedbush currently has a “Neutral” rating and a $800.00 target price on the stock. The consensus estimate for Super Micro Computer’s current full-year earnings is $21.11 per share. Wedbush also issued estimates for Super Micro Computer’s Q4 2024 earnings at $7.64 EPS, Q1 2025 earnings at $6.65 EPS, Q2 2025 earnings at $8.84 EPS, Q3 2025 earnings at $8.98 EPS, Q4 2025 earnings at $10.04 EPS and FY2025 earnings at $34.53 EPS.

Several other equities research analysts have also recently issued reports on the stock. Rosenblatt Securities restated a “buy” rating and set a $1,300.00 price objective on shares of Super Micro Computer in a research report on Wednesday, May 1st. Northland Securities raised their price objective on shares of Super Micro Computer from $925.00 to $1,300.00 and gave the stock an “outperform” rating in a research report on Monday, March 25th. Barclays raised their price objective on shares of Super Micro Computer from $691.00 to $961.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 13th. Wells Fargo & Company cut their price objective on shares of Super Micro Computer from $960.00 to $890.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 1st. Finally, The Goldman Sachs Group cut their price objective on shares of 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. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $954.38.

Super Micro Computer Price Performance

Super Micro Computer stock opened at $782.70 on Monday. Super Micro Computer has a 12-month low of $131.06 and a 12-month high of $1,229.00. The stock has a market cap of $43.78 billion, a P/E ratio of 43.87, a PEG ratio of 0.68 and a beta of 1.34. The company has a 50-day moving average price of $946.34 and a 200 day moving average price of $586.69. The company has a current ratio of 4.69, a quick ratio of 1.19 and a debt-to-equity ratio of 0.35.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SMCI. Allworth Financial LP purchased a new position in Super Micro Computer in the third quarter worth approximately $27,000. Optimum Investment Advisors purchased a new position in Super Micro Computer in the fourth quarter worth approximately $28,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Super Micro Computer in the fourth quarter worth approximately $30,000. FinTrust Capital Advisors LLC purchased a new position in Super Micro Computer in the fourth quarter worth approximately $33,000. Finally, Bank of New Hampshire purchased a new position in Super Micro Computer in the first quarter worth approximately $35,000. Hedge funds and other institutional investors own 84.06% of the company’s stock.

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 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. Also, Director Sherman Tuan sold 5,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now directly owns 22,113 shares of the company’s stock, valued at approximately $19,326,319.74. The disclosure for this sale can be found here. Over the last quarter, insiders sold 34,252 shares of company stock valued at $29,950,223. 17.60% of the stock is currently owned by company insiders.

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.