Wall Street brokerages expect Super Micro Computer, Inc. (NASDAQ:SMCI) to report sales of $715.08 million for the current quarter, Zacks reports. Three analysts have made estimates for Super Micro Computer’s earnings, with the highest sales estimate coming in at $715.70 million and the lowest estimate coming in at $714.55 million. Super Micro Computer reported sales of $524.27 million in the same quarter last year, which indicates a positive year over year growth rate of 36.4%. The company is scheduled to announce its next earnings results after the market closes on Thursday, August 3rd.

According to Zacks, analysts expect that Super Micro Computer will report full-year sales of $715.08 million for the current fiscal year. For the next fiscal year, analysts expect that the company will report sales of $2.87 billion per share, with estimates ranging from $2.84 billion to $2.92 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Super Micro Computer.

Super Micro Computer (NASDAQ:SMCI) last announced its earnings results on Thursday, April 27th. The technology company reported $0.32 earnings per share for the quarter, meeting the consensus estimate of $0.32. The business had revenue of $631.12 million during the quarter, compared to the consensus estimate of $599.02 million. Super Micro Computer had a net margin of 2.53% and a return on equity of 7.96%. The business’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.36 earnings per share.

Several equities analysts have commented on SMCI shares. Maxim Group reiterated a “buy” rating and set a $43.00 price target (up previously from $40.00) on shares of Super Micro Computer in a report on Friday, April 28th. BidaskClub upgraded Super Micro Computer from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Stifel Nicolaus restated a “hold” rating and issued a $30.00 price objective on shares of Super Micro Computer in a research note on Friday, July 14th. ValuEngine upgraded shares of Super Micro Computer from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Finally, Susquehanna Bancshares Inc restated a “positive” rating and issued a $31.00 price objective (down previously from $33.00) on shares of Super Micro Computer in a research note on Sunday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. Super Micro Computer has an average rating of “Buy” and a consensus target price of $31.29.

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Shares of Super Micro Computer (NASDAQ:SMCI) remained flat at $26.90 on Thursday. 89,037 shares of the company’s stock traded hands. The company has a market capitalization of $1.31 billion, a PE ratio of 23.58 and a beta of 0.14. Super Micro Computer has a 12 month low of $19.32 and a 12 month high of $31.75. The company has a 50-day moving average price of $25.07 and a 200-day moving average price of $25.38.

In other Super Micro Computer news, Director Sherman Tuan sold 10,000 shares of Super Micro Computer stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $24.51, for a total transaction of $245,100.00. Following the completion of the transaction, the director now directly owns 8,000 shares of the company’s stock, valued at $196,080. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Hwei-Ming Fred Tsai sold 6,000 shares of Super Micro Computer stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $24.10, for a total value of $144,600.00. Following the transaction, the director now directly owns 254,000 shares of the company’s stock, valued at $6,121,400. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,000 shares of company stock valued at $511,580. Company insiders own 23.60% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. State of Alaska Department of Revenue boosted its position in shares of Super Micro Computer by 1.2% in the first quarter. State of Alaska Department of Revenue now owns 4,160 shares of the technology company’s stock worth $105,000 after buying an additional 50 shares during the last quarter. Aperio Group LLC boosted its position in shares of Super Micro Computer by 0.8% in the second quarter. Aperio Group LLC now owns 8,241 shares of the technology company’s stock worth $203,000 after buying an additional 68 shares during the last quarter. US Bancorp DE boosted its position in shares of Super Micro Computer by 3.0% in the first quarter. US Bancorp DE now owns 6,075 shares of the technology company’s stock worth $154,000 after buying an additional 176 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Super Micro Computer by 1.3% in the second quarter. Louisiana State Employees Retirement System now owns 15,500 shares of the technology company’s stock worth $382,000 after buying an additional 200 shares during the last quarter. Finally, Ironwood Investment Management LLC boosted its position in shares of Super Micro Computer by 0.9% in the first quarter. Ironwood Investment Management LLC now owns 34,650 shares of the technology company’s stock worth $878,000 after buying an additional 300 shares during the last quarter. 71.55% of the stock is owned by institutional investors.

Super Micro Computer Company Profile

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.

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Earnings History and Estimates for Super Micro Computer (NASDAQ:SMCI)

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