Super Micro Computer Sees Unusually High Options Volume (SMCI)

Super Micro Computer, Inc. (NASDAQ:SMCI) was the recipient of unusually large options trading on Wednesday. Stock investors bought 670 put options on the company. This represents an increase of 1,036% compared to the average daily volume of 59 put options.

SMCI has been the subject of a number of recent research reports. Maxim Group restated a “buy” rating and set a $45.00 price objective on shares of Super Micro Computer in a research note on Friday, October 27th. Wells Fargo & Co initiated coverage on Super Micro Computer in a research note on Tuesday, November 14th. They set a “market perform” rating and a $20.00 price objective for the company. Zacks Investment Research upgraded Super Micro Computer from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 28th. TheStreet downgraded Super Micro Computer from a “b-” rating to a “c” rating in a research note on Tuesday, October 10th. Finally, BidaskClub upgraded Super Micro Computer from a “sell” rating to a “hold” rating in a research note on Thursday, December 14th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $28.13.

Several large investors have recently added to or reduced their stakes in SMCI. Rice Hall James & Associates LLC bought a new position in shares of Super Micro Computer in the third quarter worth $13,550,000. Royce & Associates LP grew its stake in shares of Super Micro Computer by 68.5% in the third quarter. Royce & Associates LP now owns 1,242,195 shares of the technology company’s stock worth $27,453,000 after purchasing an additional 504,903 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Super Micro Computer by 17.1% in the second quarter. Dimensional Fund Advisors LP now owns 3,309,877 shares of the technology company’s stock worth $81,588,000 after purchasing an additional 482,667 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Super Micro Computer by 224.4% in the second quarter. Goldman Sachs Group Inc. now owns 300,275 shares of the technology company’s stock worth $7,402,000 after purchasing an additional 207,714 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Super Micro Computer by 271.7% in the third quarter. JPMorgan Chase & Co. now owns 209,705 shares of the technology company’s stock worth $4,592,000 after purchasing an additional 153,284 shares in the last quarter. 80.50% of the stock is owned by institutional investors.

Super Micro Computer (NASDAQ:SMCI) opened at $22.80 on Friday. Super Micro Computer has a 52 week low of $17.70 and a 52 week high of $31.75. The stock has a market capitalization of $1,100.00, a price-to-earnings ratio of 17.01, a PEG ratio of 1.26 and a beta of -0.05. The company has a quick ratio of 1.15, a current ratio of 2.34 and a debt-to-equity ratio of 0.12.

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About Super Micro Computer

Super Micro Computer, Inc is engaged in developing and providing end-to-end green computing solutions to the cloud computing, data center, enterprise information technology (IT), big data, high performance computing (HPC) and Internet of Things (IoT)/embedded markets. The Company’s solutions range from server, storage, blade and workstations to full racks, networking devices, server management software and technology support and services.

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