Super Micro Computer (NASDAQ:SMCI) Releases Q4 2022 Earnings Guidance – MarketBeat

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Super Micro Computer (NASDAQ:SMCI – Get Rating) issued an update on its fourth quarter 2022 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $2.30-$2.40 for the period, compared to the consensus earnings per share estimate of $1.57. The company issued revenue guidance of $1.58 billion-$1.63 billion, compared to the consensus revenue estimate of $1.43 billion.

Super Micro Computer Price Performance

Shares of NASDAQ:SMCI opened at $51.70 on Wednesday. Super Micro Computer has a 52 week low of $34.11 and a 52 week high of $58.34. The company has a market cap of $2.68 billion, a P/E ratio of 15.07 and a beta of 1.24. The company has a quick ratio of 0.73, a current ratio of 1.79 and a debt-to-equity ratio of 0.11. The business has a fifty day simple moving average of $46.25 and a 200-day simple moving average of $43.38.
Super Micro Computer (NASDAQ:SMCI – Get Rating) last announced its quarterly earnings data on Tuesday, May 3rd. The company reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.18. Super Micro Computer had a return on equity of 15.92% and a net margin of 3.96%. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period in the previous year, the company earned $0.39 earnings per share. Super Micro Computer’s quarterly revenue was up 51.3% on a year-over-year basis. Equities research analysts forecast that Super Micro Computer will post 4.83 EPS for the current year.

Wall Street Analyst Weigh In

SMCI has been the subject of several recent analyst reports. Northland Securities raised their price objective on shares of Super Micro Computer from $85.00 to $97.00 in a report on Thursday, July 21st. Susquehanna Bancshares boosted their price objective on shares of Super Micro Computer to $70.00 in a research note on Friday, July 22nd. StockNews.com assumed coverage on shares of Super Micro Computer in a report on Thursday, March 31st. They set a hold rating for the company. Finally, Loop Capital upped their price target on shares of Super Micro Computer from $60.00 to $100.00 in a research report on Wednesday, May 4th.

Insider Activity

In other news, Director Sherman Tuan sold 10,000 shares of the stock in a transaction that occurred on Friday, May 13th. The stock was sold at an average price of $51.95, for a total transaction of $519,500.00. Following the completion of the transaction, the director now directly owns 24,889 shares in the company, valued at approximately $1,292,983.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 14.50% of the company’s stock.

Institutional Investors Weigh In On Super Micro Computer

Several institutional investors have recently added to or reduced their stakes in SMCI. Vanguard Group Inc. increased its position in shares of Super Micro Computer by 1.5% during the first quarter. Vanguard Group Inc. now owns 4,414,947 shares of the company’s stock worth $168,077,000 after purchasing an additional 66,035 shares in the last quarter. BlackRock Inc. increased its holdings in Super Micro Computer by 8.7% during the 1st quarter. BlackRock Inc. now owns 3,445,273 shares of the company’s stock worth $131,163,000 after purchasing an additional 275,725 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Super Micro Computer by 11.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,629,386 shares of the company’s stock valued at $62,035,000 after acquiring an additional 171,335 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Super Micro Computer by 5.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 583,683 shares of the company’s stock worth $22,221,000 after buying an additional 27,531 shares during the last quarter. Finally, Loomis Sayles & Co. L P lifted its position in Super Micro Computer by 22.1% during the 1st quarter. Loomis Sayles & Co. L P now owns 235,828 shares of the company’s stock worth $8,978,000 after acquiring an additional 42,693 shares during the period. Institutional investors and hedge funds own 69.00% of the company’s stock.

About Super Micro Computer

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Super Micro Computer, Inc, together with its subsidiaries, develops and manufactures high-performance server and storage solutions based on modular and open architecture. Its solutions range from complete server, storage, modular blade servers, blades, workstations, full racks, networking devices, server management software, and server sub-systems, as well as support and services.

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