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

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Super Micro Computer, Inc. (NASDAQ:SMCIGet Rating) saw some unusual options trading activity on Wednesday. Stock traders purchased 3,931 call options on the company. This represents an increase of 454% compared to the typical daily volume of 709 call options.

Super Micro Computer Trading Down 1.4 %

NASDAQ SMCI opened at $55.03 on Thursday. Super Micro Computer has a 12 month low of $34.11 and a 12 month high of $74.93. The company has a 50-day moving average of $60.22 and a 200-day moving average of $49.72. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.91 and a quick ratio of 0.86. The company has a market cap of $2.88 billion, a P/E ratio of 10.40 and a beta of 1.27.

Super Micro Computer (NASDAQ:SMCIGet Rating) last posted its quarterly earnings data on Tuesday, August 9th. The company reported $2.56 EPS for the quarter, beating analysts’ consensus estimates of $2.17 by $0.39. Super Micro Computer had a net margin of 5.49% and a return on equity of 22.79%. The company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter in the prior year, the company posted $0.75 EPS. The company’s quarterly revenue was up 52.8% compared to the same quarter last year. As a group, equities analysts predict that Super Micro Computer will post 6.92 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on SMCI shares. Northland Securities upped their target price on shares of Super Micro Computer from $85.00 to $97.00 in a report on Thursday, July 21st. Susquehanna lowered shares of Super Micro Computer from a “positive” rating to a “neutral” rating and set a $55.00 target price on the stock. in a report on Monday. Finally, Susquehanna Bancshares lowered shares of Super Micro Computer to a “neutral” rating and set a $55.00 target price on the stock. in a report on Monday.

Institutional Trading of Super Micro Computer

Institutional investors and hedge funds have recently bought and sold shares of the business. Wolf Hill Capital Management LP increased its position in Super Micro Computer by 24.8% during the 4th quarter. Wolf Hill Capital Management LP now owns 936,645 shares of the company’s stock worth $41,166,000 after purchasing an additional 185,842 shares in the last quarter. Barclays PLC increased its position in Super Micro Computer by 43.3% during the 4th quarter. Barclays PLC now owns 66,092 shares of the company’s stock worth $2,904,000 after purchasing an additional 19,978 shares in the last quarter. Teacher Retirement System of Texas increased its position in Super Micro Computer by 19.6% during the 4th quarter. Teacher Retirement System of Texas now owns 7,798 shares of the company’s stock worth $343,000 after purchasing an additional 1,277 shares in the last quarter. Walleye Capital LLC grew its position in Super Micro Computer by 119.0% in the fourth quarter. Walleye Capital LLC now owns 17,549 shares of the company’s stock valued at $771,000 after acquiring an additional 9,536 shares in the last quarter. Finally, Castleark Management LLC acquired a new stake in Super Micro Computer in the fourth quarter valued at approximately $5,637,000. Institutional investors and hedge funds own 73.61% of the company’s stock.

Super Micro Computer Company Profile

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Super Micro Computer, Inc, together with its subsidiaries, develops and manufactures high-performance server and storage solutions based on modular and open architecture. Its solutions range from complete server, storage, modular blade servers, blades, workstations, full racks, networking devices, server management software, and server sub-systems, as well as security software.

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