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

Super Micro Computer, Inc. (NASDAQ:SMCI) was the target of some unusual options trading activity on Friday. Investors acquired 566,371 call options on the company. This is an increase of approximately 33% compared to the average daily volume of 425,429 call options.

Super Micro Computer Stock Up 11.6 %

Shares of SMCI stock opened at $33.15 on Friday. The company has a 50 day simple moving average of $38.23 and a two-hundred day simple moving average of $60.81. The stock has a market cap of $18.54 billion, a P/E ratio of 16.66 and a beta of 1.28. Super Micro Computer has a 12 month low of $17.25 and a 12 month high of $122.90. The company has a current ratio of 3.77, a quick ratio of 1.93 and a debt-to-equity ratio of 0.32.

Analysts Set New Price Targets

SMCI has been the topic of a number of analyst reports. StockNews.com cut Super Micro Computer from a “hold” rating to a “sell” rating in a research report on Wednesday, October 9th. Argus downgraded Super Micro Computer from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Cfra reissued a “hold” rating and issued a $45.40 target price (down from $72.90) on shares of Super Micro Computer in a research note on Wednesday, August 28th. Wedbush reaffirmed a “neutral” rating and issued a $32.00 price target (down previously from $62.00) on shares of Super Micro Computer in a research report on Monday, November 4th. Finally, Needham & Company LLC began coverage on shares of Super Micro Computer in a research report on Wednesday, September 18th. They set a “buy” rating and a $60.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $66.89.

Institutional Investors Weigh In On Super Micro Computer

Hedge funds and other institutional investors have recently modified their holdings of the stock. Farmers & Merchants Investments Inc. grew its holdings in Super Micro Computer by 400.0% during the second quarter. Farmers & Merchants Investments Inc. now owns 30 shares of the company’s stock valued at $25,000 after purchasing an additional 24 shares during the period. Moser Wealth Advisors LLC purchased a new position in shares of Super Micro Computer during the 2nd quarter valued at about $25,000. Hazlett Burt & Watson Inc. grew its stake in shares of Super Micro Computer by 141.2% during the 2nd 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 period. AlphaCentric Advisors LLC purchased a new stake in Super Micro Computer in the 2nd quarter worth approximately $42,000. Finally, First PREMIER Bank raised its stake in Super Micro Computer by 126.1% during the 2nd quarter. First PREMIER Bank now owns 52 shares of the company’s stock worth $43,000 after acquiring an additional 29 shares during the period. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

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.