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

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

Super Micro Computer Stock Up 9.6 %

Shares of NASDAQ SMCI traded up $2.85 during mid-day trading on Friday, reaching $32.55. 91,259,188 shares of the company’s stock were exchanged, compared to its average volume of 82,113,930. Super Micro Computer has a twelve month low of $17.25 and a twelve 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. The firm has a market capitalization of $18.21 billion, a price-to-earnings ratio of 16.36 and a beta of 1.28. The business has a fifty day simple moving average of $38.45 and a 200 day simple moving average of $61.16.

Institutional Inflows and Outflows

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on SMCI shares. StockNews.com lowered Super Micro Computer from a “hold” rating to a “sell” rating in a report on Wednesday, October 9th. Argus cut shares of Super Micro Computer from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. The Goldman Sachs Group decreased their price target on Super Micro Computer from $67.50 to $28.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 6th. Bank of America lowered shares of Super Micro Computer from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $109.00 to $70.00 in a report on Wednesday, August 7th. Finally, Cfra reissued a “hold” rating and set a $45.40 price objective (down previously from $72.90) on shares of Super Micro Computer in a report on Wednesday, August 28th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $66.89.

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.