Super Micro Computer, Inc. (SMCI) Expected to Announce Quarterly Sales of $597.52 Million
Equities research analysts expect Super Micro Computer, Inc. (NASDAQ:SMCI) to report sales of $597.52 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Super Micro Computer’s earnings. The highest sales estimate is $605.7 million and the lowest is $580 million. Super Micro Computer posted sales of $532.72 million in the same quarter last year, which suggests a positive year over year growth rate of 12.2%. The firm is expected to issue its next earnings report after the market closes on Thursday, April 27th.
According to Zacks, analysts expect that Super Micro Computer will report full-year sales of $597.52 million for the current year, with estimates ranging from $2.35 billion to $2.48 billion. For the next financial year, analysts expect that the business will report sales of $2.66 billion per share, with estimates ranging from $2.6 billion to $2.73 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Super Micro Computer.
Super Micro Computer (NASDAQ:SMCI) last announced its quarterly earnings results on Thursday, January 26th. The technology company reported $0.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.02. The firm had revenue of $651.90 million for the quarter, compared to analyst estimates of $608.40 million. Super Micro Computer had a net margin of 2.64% and a return on equity of 8.14%. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.73 EPS.
A number of research firms have issued reports on SMCI. Stifel Nicolaus lifted their target price on Super Micro Computer from $21.00 to $30.00 and gave the company a “hold” rating in a research report on Friday, January 27th. Needham & Company LLC restated a “buy” rating and set a $33.00 price target on shares of Super Micro Computer in a report on Friday, February 24th. Zacks Investment Research cut Super Micro Computer from a “buy” rating to a “hold” rating in a report on Wednesday, December 28th. Roth Capital upgraded Super Micro Computer from a “neutral” rating to a “buy” rating in a report on Friday, January 20th. Finally, Susquehanna Bancshares Inc boosted their price target on Super Micro Computer from $27.00 to $33.00 and gave the stock a “positive” rating in a report on Friday, January 27th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $31.14.
Shares of Super Micro Computer (NASDAQ:SMCI) traded down 1.21% during midday trading on Friday, reaching $24.50. 143,282 shares of the company’s stock traded hands. Super Micro Computer has a 52-week low of $18.60 and a 52-week high of $31.75. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 21.45 and a beta of 0.27. The stock has a 50 day moving average of $25.05 and a 200-day moving average of $25.72.
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In other news, VP Cheng-Hsien Phidias Chou sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 28th. The stock was sold at an average price of $26.39, for a total transaction of $52,780.00. Following the transaction, the vice president now directly owns 1,000 shares of the company’s stock, valued at $26,390. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Hwei-Ming Fred Tsai sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, February 17th. The stock was sold at an average price of $27.04, for a total value of $135,200.00. Following the transaction, the director now directly owns 261,000 shares in the company, valued at $7,057,440. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,000 shares of company stock worth $214,390. 24.00% of the stock is owned by insiders.
Several institutional investors have recently modified their holdings of the company. FMR LLC increased its stake in shares of Super Micro Computer by 2.7% in the fourth quarter. FMR LLC now owns 4,686,703 shares of the technology company’s stock valued at $131,462,000 after buying an additional 123,239 shares during the period. BlackRock Fund Advisors increased its stake in shares of Super Micro Computer by 9.5% in the third quarter. BlackRock Fund Advisors now owns 2,668,749 shares of the technology company’s stock valued at $62,369,000 after buying an additional 231,294 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Super Micro Computer by 7.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,440,227 shares of the technology company’s stock valued at $68,449,000 after buying an additional 159,723 shares during the period. Disciplined Growth Investors Inc. MN increased its stake in shares of Super Micro Computer by 2.2% in the fourth quarter. Disciplined Growth Investors Inc. MN now owns 2,376,300 shares of the technology company’s stock valued at $66,655,000 after buying an additional 50,825 shares during the period. Finally, Macquarie Group Ltd. increased its stake in shares of Super Micro Computer by 0.6% in the fourth quarter. Macquarie Group Ltd. now owns 1,286,340 shares of the technology company’s stock valued at $36,082,000 after buying an additional 8,106 shares during the period. 68.61% of the stock is currently owned by institutional investors.
About Super Micro Computer
Super Micro Computer, Inc is engaged in developing and providing end-to-end green computing solutions to the cloud computing, data center, enterprise information technology (IT), big data, high performance computing (HPC) and Internet of Things (IoT)/embedded markets. The Company’s solutions range from server, storage, blade and workstations to full racks, networking devices, server management software and technology support and services.
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