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

Super Micro Computer, Inc. (NASDAQ:SMCI) was the target of unusually large options trading on Friday. Stock investors purchased 686,282 call options on the company. This is an increase of 44% compared to the average daily volume of 475,053 call options.

Super Micro Computer Stock Performance

Shares of SMCI stock opened at $47.58 on Friday. The company has a quick ratio of 3.95, a current ratio of 6.66 and a debt-to-equity ratio of 0.38. The business has a 50 day moving average of $39.89 and a two-hundred day moving average of $37.56. Super Micro Computer has a 52 week low of $17.25 and a 52 week high of $96.33. The company has a market cap of $28.40 billion, a P/E ratio of 25.03 and a beta of 1.40.

Super Micro Computer (NASDAQ:SMCI) last issued its earnings results on Tuesday, May 6th. The company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.01. Super Micro Computer had a return on equity of 20.41% and a net margin of 5.61%. The company had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $5.40 billion. During the same period in the previous year, the firm posted $0.66 earnings per share. Super Micro Computer’s quarterly revenue was up 19.5% compared to the same quarter last year. As a group, analysts anticipate that Super Micro Computer will post 1.86 EPS for the current year.

Analysts Set New Price Targets

SMCI has been the topic of several research reports. Rosenblatt Securities cut their target price on Super Micro Computer from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday, May 7th. Raymond James Financial assumed coverage on Super Micro Computer in a research report on Wednesday. They issued an “outperform” rating on the stock. Needham & Company LLC reissued a “buy” rating and issued a $39.00 price objective on shares of Super Micro Computer in a research report on Wednesday, May 7th. Citigroup assumed coverage on Super Micro Computer in a research report on Tuesday, May 6th. They issued a “neutral” rating and a $39.00 price objective on the stock. Finally, The Goldman Sachs Group lowered Super Micro Computer from a “neutral” rating to a “sell” rating and cut their price objective for the company from $40.00 to $32.00 in a research report on Monday, March 24th. Three equities research 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 data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $45.63.

Insider Transactions at Super Micro Computer

In related news, CFO David E. Weigand sold 67,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $44.02, for a total value of $2,949,340.00. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Liang Chiu-Chu Sara Liu sold 300,000 shares of the stock in a transaction 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 sale, the director now owns 66,903,640 shares in the company, valued at approximately $3,010,663,800. This trade represents a 0.45% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 667,000 shares of company stock valued at $29,949,340. Corporate insiders own 17.60% of the company’s stock.

Hedge Funds Weigh In On Super Micro Computer

Several hedge funds and other institutional investors have recently made changes to their positions in the business. New York Life Investment Management LLC lifted its position in Super Micro Computer by 907.8% in the fourth quarter. New York Life Investment Management LLC now owns 67,585 shares of the company’s stock worth $2,060,000 after purchasing an additional 60,879 shares during the period. Fisher Asset Management LLC acquired a new stake in Super Micro Computer during the 4th quarter valued at $209,000. US Bancorp DE raised its stake in Super Micro Computer by 1,147.3% during the 4th quarter. US Bancorp DE now owns 28,863 shares of the company’s stock valued at $880,000 after purchasing an additional 26,549 shares during the period. LPL Financial LLC raised its stake in Super Micro Computer by 561.3% during the 4th quarter. LPL Financial LLC now owns 675,605 shares of the company’s stock valued at $20,592,000 after purchasing an additional 573,439 shares during the period. Finally, Proficio Capital Partners LLC acquired a new stake in Super Micro Computer during the 4th quarter valued at $1,176,000. 84.06% of the stock is currently owned by institutional investors and hedge funds.

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.