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

Super Micro Computer (NASDAQ:SMCI) updated its first quarter earnings guidance on Tuesday. The company provided EPS guidance of $6.69-8.27 for the period, compared to the consensus EPS 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.

Wall Street Analysts Forecast Growth

SMCI has been the topic of a number of research analyst reports. Nomura Securities cut Super Micro Computer from a strong-buy rating to a hold rating in a report on Wednesday, July 10th. Rosenblatt Securities reiterated a buy rating and set a $1,300.00 price objective on shares of Super Micro Computer in a research note on Wednesday, May 1st. Loop Capital increased their target price on Super Micro Computer from $600.00 to $1,500.00 and gave the company a buy rating in a research note on Tuesday, April 16th. KeyCorp began coverage on Super Micro Computer in a report on Wednesday, April 24th. They issued a sector weight rating for the company. Finally, Susquehanna boosted their target price on shares of Super Micro Computer from $285.00 to $325.00 and gave the stock a negative rating in a research report on Monday, July 15th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of Hold and an average target price of $999.92.

Super Micro Computer Stock Performance

SMCI stock traded up $8.11 during trading on Tuesday, hitting $616.94. 8,545,459 shares of the company’s stock traded hands, compared to its average volume of 8,182,509. Super Micro Computer has a 52 week low of $226.59 and a 52 week high of $1,229.00. The stock has a fifty day moving average price of $811.17 and a two-hundred day moving average price of $837.36. 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 stock has a market capitalization of $34.51 billion, a price-to-earnings ratio of 34.28, a price-to-earnings-growth ratio of 0.39 and a beta of 1.27.

Insider Buying and Selling at Super Micro Computer

In related news, Director Daniel W. Fairfax sold 300 shares of the company’s stock in a transaction on Monday, June 3rd. The stock was 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 approximately $15,147,374. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Daniel W. Fairfax sold 300 shares of Super Micro Computer stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $802.00, for a total transaction of $240,600.00. Following the sale, the director now owns 18,887 shares of the company’s stock, valued at $15,147,374. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Tally C. Liu sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $839.17, for a total value of $419,585.00. Following the completion of the sale, the director now owns 27,813 shares in the company, valued at $23,339,835.21. The disclosure for this sale can be found here. 17.60% of the stock is currently owned by insiders.

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.