Super Micro Computer Target of Unusually Large Options Trading (NASDAQ:SMCI)

Super Micro Computer, Inc. (NASDAQ:SMCI) was the recipient of unusually large options trading activity on Wednesday. Stock investors acquired 347,011 call options on the stock. This is an increase of 37% compared to the average volume of 252,729 call options.

Institutional Investors Weigh In On Super Micro Computer

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Farmers & Merchants Investments Inc. lifted its holdings in Super Micro Computer by 400.0% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 30 shares of the company’s stock worth $25,000 after buying an additional 24 shares during the period. Moser Wealth Advisors LLC acquired a new position in shares of Super Micro Computer in the second quarter worth approximately $25,000. Hazlett Burt & Watson Inc. boosted its holdings in Super Micro Computer by 141.2% in the second quarter. Hazlett Burt & Watson Inc. now owns 41 shares of the company’s stock valued at $34,000 after acquiring an additional 24 shares during the last quarter. Bank of New Hampshire acquired a new stake in Super Micro Computer during the 1st quarter valued at approximately $35,000. Finally, VitalStone Financial LLC raised its holdings in Super Micro Computer by 250.0% during the 1st quarter. VitalStone Financial LLC now owns 35 shares of the company’s stock worth $35,000 after purchasing an additional 25 shares during the last quarter. Institutional investors own 84.06% of the company’s stock.

Analyst Ratings Changes

SMCI has been the topic of several research reports. Mizuho assumed coverage on shares of Super Micro Computer in a report on Tuesday, September 17th. They set a “neutral” rating and a $45.00 target price for the company. JPMorgan Chase & Co. downgraded Super Micro Computer from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $95.00 to $50.00 in a report on Friday, September 6th. Barclays reduced their target price on Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 2nd. Rosenblatt Securities reiterated a “buy” rating and issued a $130.00 price target on shares of Super Micro Computer in a research report on Wednesday, August 7th. Finally, Bank of America lowered shares of Super Micro Computer from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $109.00 to $70.00 in a research note on Wednesday, August 7th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $72.45.

Super Micro Computer Stock Performance

Super Micro Computer stock traded up $2.22 during trading hours on Wednesday, hitting $47.57. The company had a trading volume of 44,019,572 shares, compared to its average volume of 82,430,094. The firm has a market cap of $2.66 billion, a PE ratio of 2.73 and a beta of 1.23. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.77 and a quick ratio of 1.93. Super Micro Computer has a one year low of $22.66 and a one year high of $122.90. The firm has a 50-day moving average of $50.29 and a 200 day moving average of $73.34.

Super Micro Computer (NASDAQ:SMCI) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.14). Super Micro Computer had a net margin of 8.09% and a return on equity of 30.57%. The company had revenue of $5.31 billion during the quarter, compared to analyst estimates of $5.32 billion. During the same period in the prior year, the firm earned $0.34 earnings per share. Super Micro Computer’s revenue was up 142.9% on a year-over-year basis. On average, sell-side analysts expect that Super Micro Computer will post 2.85 earnings per share for the current year.

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.