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Super Micro Computer, Inc. (NASDAQ:SMCI – Get Rating) – Northland Capmk said in a report published Thursday, January 19, 2023 earnings per share (EPS) for Super Micro Computer’s shares raised the estimate for Northland Capmk analyst N. Chokshi expects the company to post earnings of $2.95 per share in the current quarter, up from his previous estimate of $2.57. . Super Micro Computer’s current consensus estimate for annual earnings is $9.24 per share.
SMCI has been the topic of several other research reports. Northland Securities increased Super Micro Computer’s target price from $137.00 to $165.00 in a research report on Wednesday, November 2nd. Wedbush raised his stock price target for Supermicrocomputer from $55.00 to $65.00 in his Wednesday, November 2nd research note, giving it a “neutral” rating. Finally, StockNews.com published an article about supermicrocomputers in his research notes on Wednesday, October 12th. They put a “Hold” rating on the stock.
Super Microcomputer Trading Up 1.6%
The NASDAQ SMCI opened at $71.98 on Monday. Super Micro Computer has a 12-month low of $34.11 and a 12-month high of $95.22. The company has a current ratio of 2.13, a quick ratio of 0.85 and a debt to equity ratio of 0.09. His 50-day moving average price for this business is $83.98 and his 200-day moving average price is $68.54. The company has a market capitalization of $3.81 billion, a PE ratio of 8.82 and a beta of 1.45.
Super Micro Computer (NASDAQ:SMCI – Get Rating) last reported quarterly results on Tuesday, November 1. The company reported EPS of $3.35 for him in the quarter, beating analyst consensus expectations of $3.01 by $0.34. Super Micro Computer’s return on equity was 32.20% and net profit margin was 7.38%. The company’s revenue for the quarter was $1.85 billion, compared with analyst estimates of $1.80 billion.
Hedge funds are complicit in supermicrocomputers
Institutional investors and hedge funds have recently bought and sold shares in the company. The Arizona State Retirement System increased its Super Micro Computer holdings by 13.9% in the second quarter. The Arizona State Retirement System now owns 12,576 shares of the company stock worth $507,000 after he purchased an additional 1,531 shares during this period. Cubist Systematic Strategies LLC increased its stake in Super Microcomputer by 511.1% in the second quarter. Cubist Systematic Strategies LLC now owns 200,171 shares of the company, valued at $8,077,000, after purchasing an additional 167,413 shares during this period. Prelude Capital Management LLC purchased new shares of Super Micro Computer in the second quarter for $313,000. Hussman Strategic Advisors Inc. increased its stake in Super Micro Computer by 12.6% in the third quarter. Hussman Strategic Advisors Inc. now owns 46,500 shares worth $2,561,000 after acquiring an additional 5,200 shares during this period. Finally, Trexquant Investment LP increased its stake in Super Micro Computer by 20.3% in the second quarter. Trexquant Investment LP now owns 13,527 shares of the company worth $546,000 after acquiring an additional 2,287 shares during this period. 73.08% of the shares are owned by institutional investors.
insider trading
In related news, CEO Charles Liang sold 43,772 shares of the company in a transaction that took place on Thursday, January 19th. The shares sold for an average of $71.26, and the total trading value he had was $3,119,192.72. Following the transaction, the CEO now directly owns 6,722,717 shares of the Company’s stock valued at approximately $479,068,133.42. The transaction was disclosed in documents filed with the SEC and can be accessed at this link. In separate news, SVP Don W. Clegg sold 1,000 shares of his stock in a transaction that took place on Wednesday, November 23rd. The shares were sold at an average price of $91.03 for a total of $91,030.00. Following the closing of the sale, the Senior Vice President now directly owns 9,117 shares of the Company’s stock valued at $829,920.51. The sale is disclosed in documents filed with the SEC, which can be accessed on his website. CEO Charles Liang also sold 43,772 shares of the company in a transaction on Thursday, January 19th. The shares sold for an average of $71.26 for a total of $3,119,192.72. Following the closing of the transaction, the CEO now directly owns 6,722,717 shares of the Company’s stock valued at $479,068,133.42. Please see here for the disclosure of this sale. In the past three months, the insider has sold 143,351 shares of his company stock worth $10,989,504. His 14.50% of the shares are owned by insiders.
About super microcomputers
(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 span complete servers, storage, modular blade servers, blades, workstations, full racks, network devices, server management software, server subsystems and security software.
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