Research Analysts Offer Predictions for Super Micro Computer, Inc.’s FY2024 Earnings (NASDAQ:SMCI)

Super Micro Computer, Inc. (NASDAQ:SMCI) – Stock analysts at Northland Capmk lifted their FY2024 earnings per share (EPS) estimates for shares of Super Micro Computer in a research note issued on Wednesday, May 1st. Northland Capmk analyst N. Chokshi now expects that the company will post earnings per share of $21.28 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 equities analysts also recently issued research reports about the company. Argus started coverage on Super Micro Computer in a research report on Wednesday, March 6th. They issued a “buy” rating and a $1,350.00 target price on the stock. Barclays upped their target price 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. Wells Fargo & Company cut their price target on Super Micro Computer from $960.00 to $890.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 1st. KeyCorp initiated coverage on Super Micro Computer in a research note on Wednesday, April 24th. They issued a “sector weight” rating for the company. Finally, Loop Capital boosted their price target on Super Micro Computer from $600.00 to $1,500.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $954.38.

Super Micro Computer Price Performance

Shares of NASDAQ SMCI opened at $819.29 on Monday. Super Micro Computer has a twelve month low of $131.06 and a twelve month high of $1,229.00. The business’s 50 day moving average price is $945.42 and its two-hundred day moving average price is $590.67. The company has a quick ratio of 2.29, a current ratio of 4.69 and a debt-to-equity ratio of 0.35. The company has a market cap of $45.82 billion, a PE ratio of 45.92, a price-to-earnings-growth ratio of 0.71 and a beta of 1.34.

Institutional Trading of Super Micro Computer

Several institutional investors and hedge funds have recently bought and sold shares of SMCI. Allworth Financial LP bought a new stake in shares of Super Micro Computer during the third quarter valued at approximately $27,000. Optimum Investment Advisors purchased a new position in shares of Super Micro Computer during the 4th quarter valued at $28,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Super Micro Computer during the 4th quarter valued at $30,000. FinTrust Capital Advisors LLC purchased a new position in shares of Super Micro Computer during the 4th quarter valued at $33,000. Finally, Bank of New Hampshire purchased a new position in shares of Super Micro Computer during the 1st quarter valued at $35,000. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Super Micro Computer

In other news, Director Sherman Tuan sold 5,000 shares of the company’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $873.98, for a total value of $4,369,900.00. Following the transaction, the director now owns 22,113 shares of the company’s stock, valued at $19,326,319.74. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Liang Chiu-Chu Sara Liu sold 525 shares of the company’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $869.62, for a total transaction of $456,550.50. Following the completion of the sale, the director now directly owns 3,459 shares in the company, valued at approximately $3,008,015.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Sherman Tuan sold 5,000 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $873.98, for a total value of $4,369,900.00. Following the completion of the sale, the director now directly owns 22,113 shares in the company, valued at $19,326,319.74. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 34,252 shares of company stock valued at $29,950,223. Corporate insiders own 17.60% 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.