FY2024 EPS Estimates for Super Micro Computer, Inc. Increased by Wedbush (NASDAQ:SMCI)

Super Micro Computer, Inc. (NASDAQ:SMCI) – Analysts at Wedbush boosted their FY2024 EPS estimates for Super Micro Computer in a report released on Wednesday, May 1st. Wedbush analyst M. Bryson now expects that the company will post earnings of $21.01 per share for the year, up from their previous estimate of $19.61. Wedbush has a “Neutral” rating and a $800.00 price objective on the stock. The consensus estimate for Super Micro Computer’s current full-year earnings is $21.11 per share. Wedbush also issued estimates for Super Micro Computer’s Q4 2024 earnings at $7.64 EPS, Q1 2025 earnings at $6.65 EPS, Q2 2025 earnings at $8.84 EPS, Q3 2025 earnings at $8.98 EPS, Q4 2025 earnings at $10.04 EPS and FY2025 earnings at $34.53 EPS.

Other equities analysts also recently issued research reports about the company. Rosenblatt Securities reiterated a “buy” rating and issued a $1,300.00 target price on shares of Super Micro Computer in a report on Wednesday, May 1st. Susquehanna raised their price objective on Super Micro Computer from $162.00 to $250.00 and gave the company a “negative” rating in a research note on Tuesday, January 30th. Wells Fargo & Company dropped their price target on Super Micro Computer from $960.00 to $890.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 1st. Bank of America lifted their price target on Super Micro Computer from $1,040.00 to $1,280.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. Finally, The Goldman Sachs Group dropped their price target on Super Micro Computer from $937.00 to $800.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $954.38.

Super Micro Computer Stock Performance

Shares of Super Micro Computer stock opened at $830.35 on Monday. The stock has a market cap of $46.44 billion, a PE ratio of 46.54, a price-to-earnings-growth ratio of 0.71 and a beta of 1.34. Super Micro Computer has a 12 month low of $131.06 and a 12 month high of $1,229.00. 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 business has a fifty day simple moving average of $946.34 and a 200-day simple moving average of $586.69.

Institutional Trading of Super Micro Computer

Several institutional investors have recently bought and sold shares of the stock. Commonwealth Equity Services LLC boosted its stake in Super Micro Computer by 122.2% in the third quarter. Commonwealth Equity Services LLC now owns 9,440 shares of the company’s stock worth $2,589,000 after purchasing an additional 5,192 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in Super Micro Computer by 61.8% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 12,871 shares of the company’s stock worth $3,529,000 after purchasing an additional 4,915 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in Super Micro Computer by 630.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 25,046 shares of the company’s stock worth $6,868,000 after purchasing an additional 21,615 shares in the last quarter. Raymond James & Associates boosted its stake in Super Micro Computer by 119.6% in the third quarter. Raymond James & Associates now owns 47,208 shares of the company’s stock worth $12,945,000 after purchasing an additional 25,709 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in Super Micro Computer by 152.7% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 21,643 shares of the company’s stock worth $5,935,000 after purchasing an additional 13,077 shares in the last quarter. Institutional investors and hedge funds own 84.06% of the company’s stock.

Insider Activity

In other news, SVP Don W. Clegg sold 28,727 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $874.57, for a total transaction of $25,123,772.39. Following the sale, the senior vice president now directly owns 2,110 shares in the company, valued at $1,845,342.70. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Sherman Tuan sold 5,000 shares of the business’s stock in a transaction on 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 sale, the director now owns 22,113 shares of the company’s stock, valued at approximately $19,326,319.74. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Don W. Clegg sold 28,727 shares of the business’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $874.57, for a total value of $25,123,772.39. Following the completion of the sale, the senior vice president now directly owns 2,110 shares in the company, valued at approximately $1,845,342.70. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 34,252 shares of company stock worth $29,950,223. Company 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.