Super Micro Computer (NASDAQ:SMCI) Releases Q1 Earnings Guidance

Super Micro Computer (NASDAQ:SMCI) updated its first quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $6.69-8.27 for the period, compared to the consensus estimate of $7.58. The company issued revenue guidance of $6.0-7.0 billion, compared to the consensus revenue estimate of $5.52 billion.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Nomura Securities cut Super Micro Computer from a strong-buy rating to a hold rating in a report on Wednesday, July 10th. StockNews.com cut Super Micro Computer from a hold rating to a sell rating in a report on Thursday, May 9th. Susquehanna boosted their price objective on Super Micro Computer from $285.00 to $325.00 and gave the stock a negative rating in a report on Monday, July 15th. Rosenblatt Securities restated a buy rating and set a $1,300.00 price objective on shares of Super Micro Computer in a report on Wednesday, May 1st. Finally, Wedbush restated a neutral rating and set a $800.00 price objective on shares of Super Micro Computer in a report on Friday. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Super Micro Computer presently has an average rating of Hold and a consensus price target of $999.92.

Super Micro Computer Price Performance

SMCI traded up $8.11 during trading on Tuesday, hitting $616.94. 10,884,211 shares of the stock traded hands, compared to its average volume of 8,203,423. Super Micro Computer has a twelve month low of $226.59 and a twelve month high of $1,229.00. The company has a market cap of $34.51 billion, a price-to-earnings ratio of 34.28, a PEG ratio of 0.39 and a beta of 1.27. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.69 and a quick ratio of 2.29. The business has a 50 day moving average price of $811.17 and a 200 day moving average price of $837.36.

Super Micro Computer (NASDAQ:SMCI) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $6.25 EPS for the quarter, missing the consensus estimate of $7.63 by ($1.38). Super Micro Computer had a net margin of 8.88% and a return on equity of 34.09%. The firm had revenue of $5.31 billion for the quarter, compared to analyst estimates of $5.32 billion. During the same quarter in the prior year, the firm earned $3.43 earnings per share. The firm’s revenue for the quarter was up 142.9% on a year-over-year basis. Equities research analysts forecast that Super Micro Computer will post 21.11 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 the business’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $802.00, for a total transaction of $240,600.00. Following the completion of the transaction, the director now directly owns 18,887 shares in the company, valued at $15,147,374. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Daniel W. Fairfax sold 300 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $802.00, for a total transaction of $240,600.00. Following the completion of the transaction, the director now directly owns 18,887 shares in the company, valued at $15,147,374. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Tally C. Liu sold 500 shares of the company’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $839.17, for a total transaction of $419,585.00. Following the transaction, the director now owns 27,813 shares of the company’s stock, valued at $23,339,835.21. The disclosure for this sale can be found here. Company insiders own 17.60% of the company’s stock.

About Super Micro Computer

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.