Super Micro Computer, Inc. (NASDAQ:SMCI) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided EPS guidance of $0.35-0.37 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.45. The company issued revenue guidance of $712-717 million, compared to the consensus revenue estimate of $681.96 million.
Super Micro Computer, Inc. (NASDAQ:SMCI) opened at 25.70 on Friday. Super Micro Computer, Inc. has a 1-year low of $19.32 and a 1-year high of $31.75. The stock has a market cap of $1.25 billion, a PE ratio of 22.52 and a beta of 0.14. The stock has a 50 day moving average price of $24.88 and a 200-day moving average price of $25.45.
Super Micro Computer (NASDAQ:SMCI) last announced its quarterly earnings data on Thursday, April 27th. The technology company reported $0.32 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.32. Super Micro Computer had a return on equity of 7.96% and a net margin of 2.53%. The company had revenue of $631.12 million for the quarter, compared to analysts’ expectations of $599.02 million. During the same quarter in the prior year, the firm earned $0.36 earnings per share. Super Micro Computer’s revenue was up 18.5% compared to the same quarter last year. On average, equities analysts expect that Super Micro Computer, Inc. will post $1.62 EPS for the current year.
Several brokerages recently issued reports on SMCI. Maxim Group reissued a buy rating and issued a $43.00 price objective on shares of Super Micro Computer in a research note on Friday. BidaskClub upgraded Super Micro Computer from a sell rating to a hold rating in a report on Thursday, July 13th. Stifel Nicolaus restated a hold rating and set a $30.00 target price on shares of Super Micro Computer in a report on Friday, July 14th. Finally, ValuEngine upgraded Super Micro Computer from a hold rating to a buy rating in a report on Wednesday. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Super Micro Computer currently has a consensus rating of Buy and an average target price of $31.57.
In other news, Director Sherman Tuan sold 10,000 shares of the stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $24.51, for a total transaction of $245,100.00. Following the completion of the sale, the director now owns 8,000 shares in the company, valued at approximately $196,080. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Cheng-Hsien Phidias Chou sold 2,000 shares of the stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $24.35, for a total value of $48,700.00. Following the sale, the vice president now owns 3,137 shares of the company’s stock, valued at approximately $76,385.95. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,000 shares of company stock valued at $511,580. 23.60% of the stock is owned by company insiders.
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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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