Super Micro Computer (NASDAQ:SMCI) Updates 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.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SMCI. JPMorgan Chase & Co. began coverage on shares of Super Micro Computer in a report on Monday, March 25th. They set an overweight rating and a $1,150.00 price objective for the company. Northland Securities raised their price objective on shares of Super Micro Computer from $925.00 to $1,300.00 and gave the stock an outperform rating in a report on Monday, March 25th. Susquehanna lifted 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 note on Tuesday, January 30th. Wedbush reiterated a neutral rating and issued a $530.00 target price on shares of Super Micro Computer in a research note on Wednesday, April 24th. Finally, Loop Capital lifted 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 note on Tuesday, April 16th. Two analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, Super Micro Computer currently has a consensus rating of Hold and a consensus target price of $949.85.

Super Micro Computer Price Performance

Super Micro Computer stock traded down $31.55 during mid-day trading on Tuesday, hitting $858.80. 7,231,587 shares of the company traded hands, compared to its average volume of 9,681,462. Super Micro Computer has a one year low of $101.71 and a one year high of $1,229.00. The stock has a market cap of $48.03 billion, a price-to-earnings ratio of 67.04, a price-to-earnings-growth ratio of 0.76 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 stock has a fifty day moving average price of $952.07 and a 200-day moving average price of $576.78.

Super Micro Computer (NASDAQ:SMCI) last announced its earnings results on Monday, January 29th. The company reported $5.59 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $3.66 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same period in the previous year, the business posted $3.09 earnings per share. Super Micro Computer’s revenue for the quarter was up 103.0% on a year-over-year basis. On average, equities analysts predict that Super Micro Computer will post 20.24 earnings per share for the current fiscal year.

Insider Buying and Selling at Super Micro Computer

In other Super Micro Computer news, Director Daniel W. Fairfax sold 300 shares of Super Micro Computer stock in a transaction that occurred on Thursday, February 1st. The shares were 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 directly owns 20,087 shares in the company, valued at $10,846,980. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Super Micro Computer 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 directly 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 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 $10,846,980. The disclosure for this sale can be found here. Insiders sold a total of 34,027 shares of company stock worth $29,655,672 over the last three months. 17.60% of the stock is owned by insiders.

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.