Investors Buy Large Volume of Super Micro Computer Call Options (NASDAQ:SMCI)

Super Micro Computer, Inc. (NASDAQ:SMCI) saw some unusual options trading on Friday. Investors acquired 566,371 call options on the stock. This represents an increase of 33% compared to the typical volume of 425,429 call options.

Institutional Trading of Super Micro Computer

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SMCI. Invst LLC boosted its position in shares of Super Micro Computer by 4.3% during the first quarter. Invst LLC now owns 337 shares of the company’s stock worth $350,000 after purchasing an additional 14 shares in the last quarter. Byrne Asset Management LLC grew its position in shares of Super Micro Computer by 10.4% in the 2nd quarter. Byrne Asset Management LLC now owns 148 shares of the company’s stock valued at $132,000 after purchasing an additional 14 shares during the period. Versant Capital Management Inc increased its stake in Super Micro Computer by 30.0% during the 2nd quarter. Versant Capital Management Inc now owns 65 shares of the company’s stock worth $53,000 after purchasing an additional 15 shares in the last quarter. Fielder Capital Group LLC raised its holdings in shares of Super Micro Computer by 2.8% in the 2nd quarter. Fielder Capital Group LLC now owns 580 shares of the company’s stock valued at $475,000 after purchasing an additional 16 shares during the period. Finally, Kathmere Capital Management LLC lifted its position in shares of Super Micro Computer by 5.0% in the second quarter. Kathmere Capital Management LLC now owns 379 shares of the company’s stock valued at $311,000 after buying an additional 18 shares during the last quarter. 84.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SMCI. Loop Capital lowered their target price on Super Micro Computer from $150.00 to $100.00 and set a “buy” rating for the company in a research note on Monday, September 23rd. The Goldman Sachs Group cut their price objective on 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. Wedbush reiterated a “neutral” rating and set a $32.00 price objective (down previously from $62.00) on shares of Super Micro Computer in a report on Monday, November 4th. Mizuho began coverage on shares of Super Micro Computer in a report on Tuesday, September 17th. They issued a “neutral” rating and a $45.00 price target on the stock. Finally, Needham & Company LLC started coverage on shares of Super Micro Computer in a report on Wednesday, September 18th. They issued a “buy” rating and a $60.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Super Micro Computer currently has an average rating of “Hold” and a consensus price target of $66.89.

Super Micro Computer Stock Performance

Super Micro Computer stock opened at $33.15 on Friday. The stock has a fifty day moving average price of $38.23 and a two-hundred day moving average price of $60.96. 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 52-week low of $17.25 and a 52-week high of $122.90. The firm has a market capitalization of $18.54 billion, a P/E ratio of 16.64 and a beta of 1.28.

About Super Micro Computer

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.