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

Super Micro Computer, Inc. (NASDAQ:SMCI - Get Free Report) was the recipient of unusually large options trading on Friday. Investors purchased 686,282 call options on the stock. This is an increase of 44% compared to the typical volume of 475,053 call options.

Insider Buying and Selling

In other Super Micro Computer news, Director Liang Chiu-Chu Sara Liu sold 300,000 shares of the stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $45.00, for a total value of $13,500,000.00. Following the completion of the sale, the director now owns 66,903,640 shares in the company, valued at $3,010,663,800. This represents a 0.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO David E. Weigand sold 67,000 shares of Super Micro Computer stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $44.02, for a total transaction of $2,949,340.00. Following the sale, the chief financial officer now directly owns 88,599 shares of the company's stock, valued at $3,900,127.98. This trade represents a 43.06% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 667,000 shares of company stock valued at $29,949,340. Corporate insiders own 17.60% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SMCI. Inspire Investing LLC grew its stake in shares of Super Micro Computer by 19.0% in the first quarter. Inspire Investing LLC now owns 74,395 shares of the company's stock worth $2,547,000 after acquiring an additional 11,864 shares during the last quarter. Strs Ohio bought a new stake in Super Micro Computer in the 1st quarter valued at $3,424,000. Geneos Wealth Management Inc. grew its position in Super Micro Computer by 15.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 7,917 shares of the company's stock worth $271,000 after purchasing an additional 1,045 shares during the last quarter. Integrity Alliance LLC. acquired a new stake in Super Micro Computer in the 1st quarter worth $753,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Super Micro Computer by 2.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,892,772 shares of the company's stock worth $99,049,000 after purchasing an additional 76,776 shares during the period. 84.06% of the stock is owned by institutional investors.

Super Micro Computer Price Performance

Shares of Super Micro Computer stock opened at $49.27 on Friday. The company has a current ratio of 6.66, a quick ratio of 3.95 and a debt-to-equity ratio of 0.38. The firm has a fifty day simple moving average of $39.57 and a 200-day simple moving average of $37.51. The stock has a market capitalization of $29.41 billion, a price-to-earnings ratio of 25.92 and a beta of 1.40. Super Micro Computer has a 1-year low of $17.25 and a 1-year high of $96.33.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.31 earnings per share for the quarter, topping analysts' consensus estimates of $0.30 by $0.01. Super Micro Computer had a net margin of 5.61% and a return on equity of 20.41%. The firm had revenue of $4.60 billion during the quarter, compared to analyst estimates of $5.40 billion. During the same quarter in the previous year, the business earned $0.66 EPS. The business's revenue was up 19.5% on a year-over-year basis. On average, sell-side analysts expect that Super Micro Computer will post 1.86 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Citigroup started coverage on Super Micro Computer in a report on Tuesday, May 6th. They set a "neutral" rating and a $39.00 price objective for the company. The Goldman Sachs Group lowered Super Micro Computer from a "neutral" rating to a "sell" rating and dropped their target price for the stock from $40.00 to $32.00 in a research report on Monday, March 24th. Wedbush reaffirmed a "buy" rating on shares of Super Micro Computer in a research note on Wednesday. Mizuho set a $40.00 price target on Super Micro Computer and gave the company a "neutral" rating in a research note on Monday, May 19th. Finally, Barclays restated an "equal weight" rating and issued a $34.00 price objective on shares of Super Micro Computer in a report on Tuesday, May 6th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $45.63.

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.

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