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

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) was the target of some unusual options trading on Tuesday. Traders acquired 832,125 call options on the stock. This is an increase of 36% compared to the average daily volume of 610,698 call options.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Northland Capmk raised Super Micro Computer to a "strong-buy" rating in a report on Friday, December 20th. Wedbush boosted their target price on Super Micro Computer from $24.00 to $40.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. Loop Capital boosted their target price on Super Micro Computer from $40.00 to $50.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. JPMorgan Chase & Co. boosted their price target on Super Micro Computer from $23.00 to $35.00 and gave the company an "underweight" rating in a research report on Wednesday, February 12th. Finally, Argus cut Super Micro Computer from a "buy" rating to a "hold" rating in a research report on Thursday, October 31st. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Super Micro Computer has an average rating of "Hold" and an average target price of $60.20.

Super Micro Computer Price Performance

Shares of SMCI traded down $3.20 on Friday, reaching $56.07. The stock had a trading volume of 103,970,675 shares, compared to its average volume of 71,838,695. The firm has a market capitalization of $32.83 billion, a PE ratio of 28.15 and a beta of 1.30. The company has a quick ratio of 1.93, a current ratio of 3.77 and a debt-to-equity ratio of 0.32. The firm has a 50-day moving average of $34.83 and a 200 day moving average of $39.86. Super Micro Computer has a twelve month low of $17.25 and a twelve month high of $122.90.

Institutional Investors Weigh In On Super Micro Computer

Institutional investors and hedge funds have recently modified their holdings of the company. Emerald Mutual Fund Advisers Trust purchased a new stake in Super Micro Computer in the 3rd quarter valued at approximately $87,000. Wealth Effects LLC lifted its stake in Super Micro Computer by 90.7% in the 3rd quarter. Wealth Effects LLC now owns 515 shares of the company's stock valued at $214,000 after buying an additional 245 shares in the last quarter. Retirement Systems of Alabama lifted its stake in Super Micro Computer by 2.3% in the 3rd quarter. Retirement Systems of Alabama now owns 11,367 shares of the company's stock valued at $4,733,000 after buying an additional 258 shares in the last quarter. TrueWealth Advisors LLC lifted its stake in Super Micro Computer by 99.0% in the 3rd quarter. TrueWealth Advisors LLC now owns 593 shares of the company's stock valued at $247,000 after buying an additional 295 shares in the last quarter. Finally, Wahed Invest LLC lifted its stake in Super Micro Computer by 2.9% in the 4th quarter. Wahed Invest LLC now owns 12,362 shares of the company's stock valued at $377,000 after buying an additional 352 shares in the last quarter. Institutional investors and hedge funds own 84.06% of the company's stock.

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.