Super Micro Computer (NASDAQ:SMCI – Get Rating) announced its earnings results on Tuesday. The company reported $1.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.43, MarketWatch Earnings reports. Super Micro Computer had a net margin of 3.00% and a return on equity of 11.50%. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter last year, the business earned $0.39 earnings per share. The company’s revenue for the quarter was up 51.3% compared to the same quarter last year. Super Micro Computer updated its Q4 guidance to $1.51-1.69 EPS.
SMCI traded up $10.43 on Wednesday, reaching $53.66. 18,524 shares of the company’s stock were exchanged, compared to its average volume of 313,706. The firm has a market capitalization of $2.78 billion, a PE ratio of 22.48 and a beta of 1.19. Super Micro Computer has a twelve month low of $32.88 and a twelve month high of $47.99. The business has a fifty day moving average price of $40.44. The company has a current ratio of 1.91, a quick ratio of 0.75 and a debt-to-equity ratio of 0.12.
In other news, CEO Charles Liang sold 5,388 shares of the stock in a transaction that occurred on Tuesday, April 19th. The shares were sold at an average price of $42.00, for a total value of $226,296.00. Following the completion of the sale, the chief executive officer now owns 45,305 shares of the company’s stock, valued at approximately $1,902,810. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Sherman Tuan sold 9,604 shares of the stock in a transaction that occurred on Thursday, February 10th. The shares were sold at an average price of $39.00, for a total transaction of $374,556.00. The disclosure for this sale can be found here. Insiders have sold 54,604 shares of company stock worth $2,231,678 over the last 90 days. 15.80% of the stock is currently owned by company insiders.
Several institutional investors have recently bought and sold shares of the company. Legal & General Group Plc grew its stake in shares of Super Micro Computer by 4.4% in the 4th quarter. Legal & General Group Plc now owns 13,500 shares of the company’s stock valued at $593,000 after buying an additional 567 shares during the period. Deutsche Bank AG grew its stake in shares of Super Micro Computer by 4.9% in the 4th quarter. Deutsche Bank AG now owns 31,888 shares of the company’s stock valued at $1,401,000 after buying an additional 1,484 shares during the period. California State Teachers Retirement System boosted its position in shares of Super Micro Computer by 3.4% during the 4th quarter. California State Teachers Retirement System now owns 58,197 shares of the company’s stock worth $2,558,000 after purchasing an additional 1,904 shares during the period. Credit Suisse AG boosted its position in shares of Super Micro Computer by 17.6% during the 4th quarter. Credit Suisse AG now owns 33,817 shares of the company’s stock worth $1,486,000 after purchasing an additional 5,056 shares during the period. Finally, Allianz Asset Management GmbH purchased a new position in shares of Super Micro Computer during the 4th quarter worth approximately $224,000. 69.00% of the stock is owned by institutional investors and hedge funds.
SMCI has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Super Micro Computer from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research report on Friday, April 22nd. StockNews.com initiated coverage on shares of Super Micro Computer in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $52.00.
Super Micro Computer Company Profile (Get Rating)
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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