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

Super Micro Computer, Inc. (NASDAQ:SMCI) was the recipient of unusually large options trading activity on Friday. Stock investors bought 566,371 call options on the company. This is an increase of approximately 33% compared to the typical daily volume of 425,429 call options.

Super Micro Computer Price Performance

SMCI stock opened at $33.15 on Friday. The stock has a market capitalization of $18.54 billion, a price-to-earnings ratio of 16.66 and a beta of 1.28. The firm’s 50-day moving average price is $38.23 and its two-hundred day moving average price is $60.81. 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 12-month low of $17.25 and a 12-month high of $122.90.

Hedge Funds Weigh In On Super Micro Computer

Several hedge funds have recently made changes to their positions in SMCI. Farmers & Merchants Investments Inc. raised its stake in Super Micro Computer by 400.0% in the second quarter. Farmers & Merchants Investments Inc. now owns 30 shares of the company’s stock worth $25,000 after buying an additional 24 shares in the last quarter. Moser Wealth Advisors LLC purchased a new position in shares of Super Micro Computer in the 2nd quarter valued at approximately $25,000. Hazlett Burt & Watson Inc. boosted its position in shares of Super Micro Computer by 141.2% during the second quarter. Hazlett Burt & Watson Inc. now owns 41 shares of the company’s stock valued at $34,000 after purchasing an additional 24 shares in the last quarter. AlphaCentric Advisors LLC purchased a new stake in Super Micro Computer in the second quarter worth $42,000. Finally, First PREMIER Bank grew its stake in Super Micro Computer by 126.1% in the second quarter. First PREMIER Bank now owns 52 shares of the company’s stock worth $43,000 after purchasing an additional 29 shares during the period. 84.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on SMCI shares. Rosenblatt Securities reaffirmed a “buy” rating and set a $130.00 price objective on shares of Super Micro Computer in a report on Wednesday, August 7th. Loop Capital decreased their price objective on Super Micro Computer from $150.00 to $100.00 and set a “buy” rating on the stock in a report on Monday, September 23rd. Argus lowered Super Micro Computer from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Bank of America cut shares of Super Micro Computer from a “buy” rating to a “neutral” rating and reduced their price target for the company from $109.00 to $70.00 in a research report on Wednesday, August 7th. Finally, 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 objective for the company. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $66.89.

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.