Super Micro Computer (NASDAQ:SMCI) Issues Q4 2024 Earnings Guidance

Super Micro Computer (NASDAQ:SMCI) updated its fourth quarter 2024 earnings guidance on Tuesday. The company provided earnings per share guidance of 7.620-8.420 for the period, compared to the consensus earnings per share estimate of 7.140. The company issued revenue guidance of $5.1 billion-$5.5 billion, compared to the consensus revenue estimate of $4.9 billion. Super Micro Computer also updated its FY 2024 guidance to 23.290-24.090 EPS.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SMCI. Rosenblatt Securities reiterated a buy rating and issued a $1,300.00 price target on shares of Super Micro Computer in a research report on Wednesday. StockNews.com lowered shares of Super Micro Computer from a hold rating to a sell rating in a research report on Tuesday, April 23rd. The Goldman Sachs Group initiated coverage on shares of Super Micro Computer in a research report on Monday, March 4th. They set a neutral rating and a $941.00 target price on the stock. Loop Capital raised their target price on shares of Super Micro Computer from $600.00 to $1,500.00 and gave the stock a buy rating in a research report on Tuesday, April 16th. Finally, Argus initiated 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 on the stock. Two research 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, the company currently has an average rating of Hold and an average price target of $970.62.

Super Micro Computer Stock Performance

Shares of SMCI traded down $130.80 during mid-day trading on Wednesday, reaching $728.00. 5,375,074 shares of the company’s stock traded hands, compared to its average volume of 9,630,967. The business’s 50-day moving average price is $952.07 and its 200-day moving average price is $576.78. 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 stock has a market capitalization of $40.72 billion, a P/E ratio of 55.93, a price-to-earnings-growth ratio of 0.79 and a beta of 1.28. Super Micro Computer has a 12 month low of $101.71 and a 12 month high of $1,229.00.

Super Micro Computer (NASDAQ:SMCI) last issued its quarterly earnings results on Monday, January 29th. The company reported $5.59 earnings per share 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 the consensus estimate of $2.80 billion. During the same period in the prior year, the company earned $3.09 EPS. Super Micro Computer’s revenue was up 103.0% on a year-over-year basis. Equities analysts predict that Super Micro Computer will post 20.24 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Sherman Tuan sold 5,000 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $873.98, for a total transaction of $4,369,900.00. Following the completion of the sale, the director now directly owns 22,113 shares of the company’s stock, valued at $19,326,319.74. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Super Micro Computer news, Director Daniel W. Fairfax sold 300 shares of the company’s 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 completion of the sale, the director now owns 20,087 shares of the company’s stock, valued at $10,846,980. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sherman Tuan sold 5,000 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $873.98, for a total transaction of $4,369,900.00. Following the sale, the director now directly owns 22,113 shares of the company’s stock, valued at $19,326,319.74. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 34,027 shares of company stock worth $29,655,672. 17.60% of the stock is owned by 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.