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

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) was the recipient of some unusual options trading activity on Wednesday. Stock investors purchased 347,011 call options on the stock. This represents an increase of 37% compared to the typical daily volume of 252,729 call options.

Hedge Funds Weigh In On Super Micro Computer

Several hedge funds have recently made changes to their positions in SMCI. LifePro Asset Management acquired a new stake in shares of Super Micro Computer in the 3rd quarter valued at about $1,711,000. Tobam lifted its stake in Super Micro Computer by 38.8% in the third quarter. Tobam now owns 9,575 shares of the company's stock valued at $3,987,000 after buying an additional 2,679 shares during the last quarter. Strategic Advisors LLC lifted its stake in Super Micro Computer by 1,248.3% in the third quarter. Strategic Advisors LLC now owns 6,054 shares of the company's stock valued at $2,521,000 after buying an additional 5,605 shares during the last quarter. CWM LLC boosted its holdings in shares of Super Micro Computer by 11.7% in the third quarter. CWM LLC now owns 2,773 shares of the company's stock valued at $1,155,000 after acquiring an additional 290 shares during the period. Finally, Czech National Bank grew its position in shares of Super Micro Computer by 6.9% during the third quarter. Czech National Bank now owns 10,264 shares of the company's stock worth $4,274,000 after acquiring an additional 662 shares during the last quarter. Hedge funds and other institutional investors own 84.06% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Wedbush reiterated a "neutral" rating and set a $80.00 price target on shares of Super Micro Computer in a research report on Friday, August 2nd. Barclays dropped their target price on shares of Super Micro Computer from $438.00 to $42.00 and set an "equal weight" rating for the company in a report on Wednesday, October 2nd. StockNews.com cut Super Micro Computer from a "hold" rating to a "sell" rating in a research note on Wednesday. Rosenblatt Securities reiterated a "buy" rating and issued a $130.00 price objective on shares of Super Micro Computer in a report on Wednesday, August 7th. Finally, Bank of America cut Super Micro Computer from a "buy" rating to a "neutral" rating and lowered their target price for the company from $109.00 to $70.00 in a report on Wednesday, August 7th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $72.45.

Super Micro Computer Stock Up 4.3 %

Shares of NASDAQ:SMCI traded up $1.94 on Wednesday, hitting $47.29. 65,266,050 shares of the company's stock were exchanged, compared to its average volume of 82,550,797. Super Micro Computer has a 1-year low of $22.66 and a 1-year high of $122.90. The company has a market capitalization of $26.45 billion, a PE ratio of 2.67 and a beta of 1.23. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 3.77. The firm's 50-day moving average is $50.29 and its 200 day moving average is $73.34.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.62 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 business had revenue of $5.31 billion during the quarter, compared to analyst estimates of $5.32 billion. During the same period last year, the company earned $0.34 earnings per share. The business's revenue for the quarter was up 142.9% compared to the same quarter last year. Sell-side analysts predict that Super Micro Computer will post 2.85 EPS for the current year.

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.