Equities Analysts Offer Predictions for Super Micro Computer, Inc.’s Q3 2024 Earnings (NASDAQ:SMCI)

Super Micro Computer, Inc. (NASDAQ:SMCI) – Investment analysts at KeyCorp issued their Q3 2024 EPS estimates for shares of Super Micro Computer in a research note issued on Tuesday, April 23rd. KeyCorp analyst T. Blakey forecasts 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.

A number of other equities analysts have also recently issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of Super Micro Computer in a research note on Monday, March 4th. They issued a “neutral” rating and a $941.00 price objective for the company. Susquehanna increased their target price on shares of Super Micro Computer from $162.00 to $250.00 and gave the stock a “negative” rating in a research report on Tuesday, January 30th. Wells Fargo & Company assumed coverage on shares of Super Micro Computer in a research report on Friday, February 16th. They set an “equal weight” rating and a $960.00 target price for the company. Argus assumed coverage on shares of Super Micro Computer in a research report on Wednesday, March 6th. They set a “buy” rating and a $1,350.00 target price for the company. Finally, Northland Securities increased their target price 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. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Super Micro Computer has a consensus rating of “Hold” and an average target price of $949.85.

Super Micro Computer Trading Up 4.3 %

Shares of SMCI stock opened at $787.40 on Friday. Super Micro Computer has a 52-week low of $93.34 and a 52-week high of $1,229.00. The stock has a market cap of $44.04 billion, a price-to-earnings ratio of 61.47, a P/E/G ratio of 0.67 and a beta of 1.28. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.19 and a current ratio of 2.43. The firm has a fifty day moving average of $947.82 and a 200-day moving average of $560.99.

Super Micro Computer (NASDAQ:SMCI) last announced 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. Super Micro Computer had a net margin of 7.92% and a return on equity of 32.34%. The company had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $2.80 billion. During the same quarter in the prior year, the company posted $3.09 EPS. The business’s revenue was up 103.0% on a year-over-year basis.

Insider Buying and Selling

In related 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 transaction of $25,123,772.39. Following the transaction, the senior vice president now owns 2,110 shares of the company’s stock, valued at approximately $1,845,342.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related 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 transaction of $25,123,772.39. Following the transaction, the senior vice president now owns 2,110 shares of the company’s stock, valued at approximately $1,845,342.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daniel W. Fairfax sold 300 shares of Super Micro Computer stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $540.00, for a total transaction of $162,000.00. Following the transaction, the director now directly owns 20,087 shares in the company, valued at approximately $10,846,980. The disclosure for this sale can be found here. Insiders have sold 34,989 shares of company stock valued at $30,113,681 in the last 90 days. 17.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of SMCI. Allworth Financial LP bought a new position in Super Micro Computer in the third quarter valued at approximately $27,000. Optimum Investment Advisors bought a new position in Super Micro Computer in the fourth quarter valued at approximately $28,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in Super Micro Computer in the fourth quarter valued at approximately $30,000. FinTrust Capital Advisors LLC bought a new position in Super Micro Computer in the fourth quarter valued at approximately $33,000. Finally, Bank of New Hampshire acquired a new stake in shares of Super Micro Computer in the first quarter valued at approximately $35,000. Institutional investors own 84.06% of the company’s stock.

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.