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

Super Micro Computer, Inc. (NASDAQ:SMCI) – Analysts at KeyCorp issued their Q3 2024 earnings per share estimates for Super Micro Computer in a research report issued to clients and investors on Tuesday, April 23rd. KeyCorp analyst T. Blakey forecasts that the company will post earnings of $5.44 per share for the quarter. KeyCorp currently 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) last released its quarterly earnings data on Monday, January 29th. The company reported $5.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 32.34% and a net margin of 7.92%. Super Micro Computer’s quarterly revenue was up 103.0% on a year-over-year basis. During the same period in the previous year, the business posted $3.09 earnings per share.

A number of other analysts have also recently weighed in on the company. The Goldman Sachs Group began coverage on Super Micro Computer in a research report on Monday, March 4th. They issued a “neutral” rating and a $941.00 price target on the stock. Barclays upped their price target on Super Micro Computer from $691.00 to $961.00 and gave the company an “overweight” rating in a research report on Tuesday, February 13th. Wedbush reissued a “neutral” rating and issued a $530.00 price objective on shares of Super Micro Computer in a research note on Wednesday. JPMorgan Chase & Co. initiated coverage on Super Micro Computer in a research note on Monday, March 25th. They issued an “overweight” rating and a $1,150.00 price objective on the stock. Finally, Susquehanna boosted their price objective on Super Micro Computer from $162.00 to $250.00 and gave the stock a “negative” rating in a research note on Tuesday, January 30th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $949.85.

Super Micro Computer Stock Performance

SMCI opened at $857.44 on Friday. The stock has a market cap 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 current ratio of 2.43, a quick ratio of 1.19 and a debt-to-equity ratio of 0.03. Super Micro Computer has a 1 year low of $93.34 and a 1 year high of $1,229.00. The stock’s 50 day simple moving average is $948.90 and its 200-day simple moving average is $564.93.

Insider Buying and Selling at Super Micro Computer

In other Super Micro Computer news, SVP Don W. Clegg sold 28,727 shares of the 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 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 Securities & Exchange Commission, which is available at this link. In other Super Micro Computer news, SVP Don W. Clegg sold 28,727 shares of the 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 sale, the senior vice president now directly owns 2,110 shares in the company, valued at $1,845,342.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daniel W. Fairfax sold 300 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $540.00, for a total value of $162,000.00. Following the completion of the sale, the director now owns 20,087 shares of the company’s stock, valued at $10,846,980. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 34,989 shares of company stock valued at $30,113,681. 17.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Super Micro Computer

Large investors have recently modified their holdings of the business. Allworth Financial LP bought a new stake in shares of Super Micro Computer in the third quarter worth about $27,000. Optimum Investment Advisors bought a new stake in shares of Super Micro Computer in the fourth quarter worth about $28,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Super Micro Computer in the fourth quarter worth about $30,000. FinTrust Capital Advisors LLC bought a new position in shares of Super Micro Computer during the fourth quarter worth about $33,000. Finally, Bank of New Hampshire bought a new position in shares of Super Micro Computer during the first quarter worth about $35,000. 84.06% of the stock is currently owned by 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.