Traders Purchase Large Volume of Super Micro Computer Call Options (NASDAQ:SMCI)

Super Micro Computer, Inc. (NASDAQ:SMCI) saw some unusual options trading on Tuesday. Traders bought 832,125 call options on the stock. This is an increase of 36% compared to the typical volume of 610,698 call options.

Super Micro Computer Price Performance

Shares of NASDAQ SMCI opened at $60.25 on Thursday. The firm has a 50-day moving average of $34.41 and a two-hundred day moving average of $39.72. The company has a market capitalization of $35.28 billion, a price-to-earnings ratio of 30.25 and a beta of 1.30. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32. Super Micro Computer has a twelve month low of $17.25 and a twelve month high of $122.90.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SMCI. Wedbush raised their price target on Super Micro Computer from $24.00 to $40.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Northland Securities reissued an “outperform” rating and set a $57.00 target price (up from $54.00) on shares of Super Micro Computer in a research note on Wednesday, February 12th. The Goldman Sachs Group decreased their target price on shares of Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating for the company in a research report on Wednesday, November 6th. JPMorgan Chase & Co. lifted their price target on Super Micro Computer from $23.00 to $35.00 and gave the company an “underweight” rating in a report on Wednesday, February 12th. Finally, Argus downgraded Super Micro Computer from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Super Micro Computer currently has an average rating of “Hold” and an average price target of $60.20.

Institutional Trading of Super Micro Computer

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Rakuten Securities Inc. lifted its position in shares of Super Micro Computer by 391.8% during the 3rd quarter. Rakuten Securities Inc. now owns 76,660 shares of the company’s stock valued at $31,921,000 after acquiring an additional 61,071 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of Super Micro Computer by 164.8% during the third quarter. Assetmark Inc. now owns 150,333 shares of the company’s stock valued at $62,599,000 after purchasing an additional 93,569 shares during the last quarter. Clear Creek Financial Management LLC acquired a new position in shares of Super Micro Computer in the 4th quarter valued at $635,000. Nepsis Inc. purchased a new position in Super Micro Computer in the 4th quarter worth about $13,625,000. Finally, Sanctuary Advisors LLC raised its holdings in Super Micro Computer by 254.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 30,634 shares of the company’s stock worth $12,756,000 after buying an additional 21,997 shares during the period. 84.06% of the stock is owned by institutional investors and hedge funds.

Super Micro Computer Company Profile

Super Micro Computer, Inc, together with its subsidiaries, develops and manufactures high performance server and storage solutions based on modular and open architecture in the United States, Europe, Asia, and internationally. Its solutions range from complete server, storage systems, modular blade servers, blades, workstations, full racks, networking devices, server sub-systems, server management software, and security software.