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

Super Micro Computer, Inc. (NASDAQ:SMCI) saw unusually large options trading activity on Friday. Investors bought 566,371 call options on the stock. This is an increase of 33% compared to the average volume of 425,429 call options.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. International Assets Investment Management LLC grew its holdings in shares of Super Micro Computer by 63,634.1% during the third quarter. International Assets Investment Management LLC now owns 916,496 shares of the company’s stock worth $381,629,000 after purchasing an additional 915,058 shares in the last quarter. Bridgewater Associates LP raised its stake in shares of Super Micro Computer by 921.1% during the third quarter. Bridgewater Associates LP now owns 161,104 shares of the company’s stock worth $67,084,000 after acquiring an additional 145,327 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of Super Micro Computer by 1,169.5% in the 3rd quarter. Van ECK Associates Corp now owns 134,670 shares of the company’s stock worth $56,077,000 after acquiring an additional 124,062 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Super Micro Computer by 511.9% in the 2nd quarter. American Century Companies Inc. now owns 131,855 shares of the company’s stock valued at $108,035,000 after purchasing an additional 110,308 shares in the last quarter. Finally, Inspire Investing LLC grew its holdings in shares of Super Micro Computer by 1,730.3% during the 3rd quarter. Inspire Investing LLC now owns 107,421 shares of the company’s stock valued at $44,730,000 after purchasing an additional 101,552 shares during the last quarter. 84.06% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

SMCI has been the topic of several analyst reports. Bank of America lowered Super Micro Computer from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $109.00 to $70.00 in a report on Wednesday, August 7th. JPMorgan Chase & Co. cut shares of Super Micro Computer from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $50.00 to $23.00 in a research note on Wednesday, November 6th. Wells Fargo & Company reduced their target price on Super Micro Computer from $65.00 to $37.50 and set an “equal weight” rating on the stock in a report on Wednesday, August 28th. Barclays reduced their price objective on Super Micro Computer from $438.00 to $42.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 2nd. Finally, Cfra restated a “hold” rating and issued a $45.40 price target (down from $72.90) on shares of Super Micro Computer in a research note on Wednesday, August 28th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $66.89.

Super Micro Computer Trading Up 11.6 %

Shares of SMCI opened at $33.15 on Friday. Super Micro Computer has a twelve month low of $17.25 and a twelve month high of $122.90. The stock has a market cap of $18.54 billion, a PE ratio of 16.64 and a beta of 1.28. 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 business’s 50-day moving average price is $38.23 and its 200-day moving average price is $60.96.

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.