Super Micro Computer Sees Unusually High Options Volume (NASDAQ:SMCI)

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) saw some unusual options trading activity on Tuesday. Stock investors purchased 832,125 call options on the stock. This is an increase of approximately 36% compared to the typical daily volume of 610,698 call options.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Northland Securities restated an "outperform" rating and issued a $57.00 price objective (up from $54.00) on shares of Super Micro Computer in a report on Wednesday, February 12th. JPMorgan Chase & Co. raised their price target on Super Micro Computer from $23.00 to $35.00 and gave the stock an "underweight" rating in a research report on Wednesday, February 12th. Loop Capital upped their price objective on Super Micro Computer from $40.00 to $50.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. Argus downgraded Super Micro Computer from a "buy" rating to a "hold" rating in a report on Thursday, October 31st. Finally, The Goldman Sachs Group dropped their price objective on Super Micro Computer from $67.50 to $28.00 and set a "neutral" rating for the company in a report on Wednesday, November 6th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Super Micro Computer currently has a consensus rating of "Hold" and an average target price of $60.20.

Super Micro Computer Trading Down 5.4 %

Shares of SMCI traded down $3.20 during mid-day trading on Friday, reaching $56.07. 103,150,541 shares of the company were exchanged, compared to its average volume of 71,648,102. Super Micro Computer has a 52 week low of $17.25 and a 52 week high of $122.90. 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 stock has a market capitalization of $32.83 billion, a PE ratio of 28.15 and a beta of 1.30. The business has a 50 day simple moving average of $34.83 and a two-hundred day simple moving average of $39.86.

Hedge Funds Weigh In On Super Micro Computer

A number of hedge funds have recently bought and sold shares of the company. Salem Investment Counselors Inc. bought a new stake in Super Micro Computer in the fourth quarter worth approximately $30,000. Trust Co. of Vermont increased its stake in shares of Super Micro Computer by 900.0% in the 4th quarter. Trust Co. of Vermont now owns 1,000 shares of the company's stock valued at $30,000 after acquiring an additional 900 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in shares of Super Micro Computer by 2,890.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 987 shares of the company's stock valued at $30,000 after acquiring an additional 954 shares in the last quarter. Larson Financial Group LLC increased its stake in Super Micro Computer by 902.0% in the fourth quarter. Larson Financial Group LLC now owns 992 shares of the company's stock valued at $30,000 after purchasing an additional 893 shares in the last quarter. Finally, Toth Financial Advisory Corp bought a new stake in Super Micro Computer in the fourth quarter valued at $31,000. Institutional investors 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.