Super Micro Computer, Inc. (NASDAQ:SMCI – Get Rating) – Analysts at Northland Capmk upped their Q4 2023 EPS estimates for Super Micro Computer in a research note issued on Wednesday, February 1st. Northland Capmk analyst N. Chokshi now anticipates that the company will post earnings per share of $1.79 for the quarter, up from their prior forecast of $1.55. The consensus estimate for Super Micro Computer's current full-year earnings is $8.93 per share. Northland Capmk also issued estimates for Super Micro Computer's Q1 2024 earnings at $2.69 EPS and Q4 2024 earnings at $1.98 EPS.
Get Super Micro Computer alerts:Super Micro Computer (NASDAQ:SMCI – Get Rating) last announced its quarterly earnings results on Tuesday, November 1st. The company reported $3.35 EPS for the quarter, beating the consensus estimate of $3.01 by $0.34. Super Micro Computer had a net margin of 8.70% and a return on equity of 37.49%. The company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.80 billion.
Several other equities research analysts have also commented on SMCI. Wedbush raised their price target on shares of Super Micro Computer from $55.00 to $65.00 and gave the company a "neutral" rating in a research note on Wednesday, November 2nd. StockNews.com began coverage on shares of Super Micro Computer in a research note on Wednesday, October 12th. They issued a "hold" rating on the stock. Finally, Northland Securities raised their price objective on shares of Super Micro Computer from $165.00 to $175.00 and gave the company an "outperform" rating in a research note on Wednesday. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $90.00.Super Micro Computer Price Performance
Shares of NASDAQ:SMCI opened at $84.34 on Friday. The firm's 50 day moving average is $81.93 and its two-hundred day moving average is $70.86. Super Micro Computer has a 52 week low of $34.11 and a 52 week high of $95.22. The firm has a market capitalization of $4.46 billion, a P/E ratio of 8.02 and a beta of 1.38. The company has a current ratio of 2.89, a quick ratio of 0.85 and a debt-to-equity ratio of 0.08.
Insider Activity at Super Micro Computer
In other Super Micro Computer news, SVP Don W. Clegg sold 1,000 shares of Super Micro Computer stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $91.03, for a total value of $91,030.00. Following the transaction, the senior vice president now owns 9,117 shares in the company, valued at $829,920.51. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Super Micro Computer news, SVP Don W. Clegg sold 1,000 shares of Super Micro Computer stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $91.03, for a total value of $91,030.00. Following the transaction, the senior vice president now owns 9,117 shares in the company, valued at $829,920.51. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Charles Liang sold 43,772 shares of Super Micro Computer stock in a transaction that occurred on Thursday, January 19th. The stock was sold at an average price of $71.26, for a total transaction of $3,119,192.72. Following the completion of the transaction, the chief executive officer now owns 6,722,717 shares in the company, valued at approximately $479,060,813.42. The disclosure for this sale can be found here. Insiders have sold 99,351 shares of company stock worth $7,689,504 over the last quarter. 14.50% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Super Micro Computer
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Super Micro Computer by 4.3% in the 3rd quarter. Vanguard Group Inc. now owns 4,812,194 shares of the company's stock worth $265,007,000 after purchasing an additional 197,980 shares during the period. BlackRock Inc. boosted its stake in Super Micro Computer by 8.7% in the 1st quarter. BlackRock Inc. now owns 3,445,273 shares of the company's stock worth $131,163,000 after purchasing an additional 275,725 shares during the period. Dimensional Fund Advisors LP boosted its stake in Super Micro Computer by 5.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,943,248 shares of the company's stock worth $107,014,000 after purchasing an additional 95,215 shares during the period. State Street Corp boosted its stake in Super Micro Computer by 3.7% in the 3rd quarter. State Street Corp now owns 916,541 shares of the company's stock worth $50,474,000 after purchasing an additional 32,533 shares during the period. Finally, Nuveen Asset Management LLC boosted its stake in Super Micro Computer by 12.3% in the 3rd quarter. Nuveen Asset Management LLC now owns 617,879 shares of the company's stock worth $34,027,000 after purchasing an additional 67,674 shares during the period. Institutional investors and hedge funds own 73.08% of the company's stock.
Super Micro Computer Company Profile
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Super Micro Computer, Inc engages in the distribution and manufacture of information technology solutions and other computer products. Its products include twin solutions, MP servers, GPU and coprocessor, MicroCloud, AMD solutions, power supplies, SuperServer, storage, motherboards, chassis, super workstations, accessories, SuperRack and server management products.
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