Super Micro Computer, Inc. (SMCI) Updates Q4 Earnings Guidance

Super Micro Computer, Inc. (NASDAQ:SMCI) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share guidance of $0.35-0.37 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.45. The company issued revenue guidance of $712-717 million, compared to the consensus revenue estimate of $681.96 million.

A number of brokerages have recently issued reports on SMCI. Stifel Nicolaus set a $30.00 target price on Super Micro Computer and gave the stock a hold rating in a research report on Tuesday. Zacks Investment Research upgraded Super Micro Computer from a sell rating to a hold rating in a research note on Friday, August 11th. BidaskClub raised Super Micro Computer from a sell rating to a hold rating in a research report on Thursday, July 13th. ValuEngine cut Super Micro Computer from a buy rating to a hold rating in a report on Thursday, July 27th. Finally, Maxim Group reiterated a buy rating and issued a $43.00 price objective on shares of Super Micro Computer in a research note on Friday, July 21st. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Super Micro Computer presently has an average rating of Buy and an average price target of $31.29.

Shares of Super Micro Computer, Inc. (NASDAQ:SMCI) traded down 0.55% during trading on Wednesday, hitting $27.15. The stock had a trading volume of 241,013 shares. The company has a market capitalization of $1.33 billion, a P/E ratio of 20.26 and a beta of 0.17. Super Micro Computer, Inc. has a 1-year low of $20.77 and a 1-year high of $31.75. The firm has a 50-day moving average of $26.02 and a 200 day moving average of $25.29.

Super Micro Computer (NASDAQ:SMCI) last issued its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. The company had revenue of $717.90 million during the quarter, compared to analysts’ expectations of $714.99 million. Super Micro Computer had a net margin of 2.74% and a return on equity of 9.08%. Super Micro Computer’s revenue was up 36.9% on a year-over-year basis. During the same period last year, the company posted $0.20 EPS. Equities research analysts predict that Super Micro Computer, Inc. will post $1.98 earnings per share for the current fiscal year.

In other Super Micro Computer news, VP Cheng-Hsien Phidias Chou sold 2,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the vice president now directly owns 3,137 shares in the company, valued at $76,385.95. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Hwei-Ming Fred Tsai sold 6,000 shares of the firm’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $24.10, for a total transaction of $144,600.00. Following the completion of the transaction, the director now directly owns 254,000 shares in the company, valued at approximately $6,121,400. The disclosure for this sale can be found here. Insiders have sold 20,000 shares of company stock valued at $487,510 over the last three months. 24.00% of the stock is owned by corporate insiders.

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.