Brokerages forecast that Super Micro Computer, Inc. (NASDAQ:SMCI) will announce earnings of $0.43 per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Super Micro Computer’s earnings, with the lowest EPS estimate coming in at $0.39 and the highest estimate coming in at $0.49. Super Micro Computer reported earnings per share of $0.48 in the same quarter last year, which suggests a negative year over year growth rate of 10.4%. The firm is scheduled to announce its next quarterly earnings results on Thursday, January 25th.

According to Zacks, analysts expect that Super Micro Computer will report full year earnings of $1.56 per share for the current financial year, with EPS estimates ranging from $1.42 to $1.70. For the next year, analysts forecast that the firm will post earnings of $1.91 per share, with EPS estimates ranging from $1.74 to $2.06. Zacks’ EPS averages are an average based on a survey of research analysts that cover Super Micro Computer.

Several equities analysts have recently commented on SMCI shares. Zacks Investment Research cut shares of Super Micro Computer from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 5th. TheStreet cut shares of Super Micro Computer from a “b-” rating to a “c” rating in a research report on Tuesday, October 10th. Wells Fargo & Co started coverage on shares of Super Micro Computer in a research report on Tuesday, November 14th. They set a “market perform” rating and a $20.00 price target on the stock. Citigroup reduced their price target on shares of Super Micro Computer from $31.00 to $23.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 19th. Finally, Maxim Group reaffirmed a “buy” rating and set a $45.00 price target on shares of Super Micro Computer in a research report on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. Super Micro Computer currently has an average rating of “Hold” and an average target price of $28.13.

Super Micro Computer (NASDAQ:SMCI) traded up $0.05 during trading hours on Friday, reaching $21.30. 260,167 shares of the company’s stock were exchanged, compared to its average volume of 335,029. The company has a current ratio of 2.34, a quick ratio of 1.15 and a debt-to-equity ratio of 0.12. The stock has a market cap of $1,040.00, a PE ratio of 15.90, a P/E/G ratio of 1.26 and a beta of -0.05. Super Micro Computer has a one year low of $17.70 and a one year high of $31.75.

Several hedge funds have recently modified their holdings of the company. Victory Capital Management Inc. raised its stake in Super Micro Computer by 86.1% during the third quarter. Victory Capital Management Inc. now owns 6,813 shares of the technology company’s stock worth $151,000 after acquiring an additional 3,152 shares during the period. Piedmont Investment Advisors LLC acquired a new stake in Super Micro Computer during the second quarter worth about $202,000. Dynamic Technology Lab Private Ltd acquired a new stake in Super Micro Computer during the third quarter worth about $222,000. BNP Paribas Arbitrage SA raised its stake in Super Micro Computer by 62.2% during the second quarter. BNP Paribas Arbitrage SA now owns 12,481 shares of the technology company’s stock worth $308,000 after acquiring an additional 4,786 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in Super Micro Computer during the third quarter worth about $303,000. 80.50% of the stock is currently owned by institutional investors and hedge funds.

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About Super Micro Computer

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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