Stock Traders Purchase Large Volume of Call Options on Super Micro Computer (NASDAQ:SMCI) – MarketBeat
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Super Micro Computer, Inc. (NASDAQ:SMCI – Get Rating) saw unusually large options trading activity on Tuesday. Investors acquired 3,462 call options on the company. This is an increase of 130% compared to the average volume of 1,505 call options.
Insider Transactions at Super Micro Computer
In related news, CEO Charles Liang sold 44,000 shares of the business’s stock in a transaction on Wednesday, November 2nd. The shares were sold at an average price of $75.00, for a total value of $3,300,000.00. Following the sale, the chief executive officer now directly owns 2,646 shares of the company’s stock, valued at approximately $198,450. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Shiu Leung Chan acquired 6,000 shares of the company’s stock in a transaction that occurred on Monday, November 14th. The stock was acquired at an average price of $81.20 per share, with a total value of $487,200.00. Following the purchase, the director now directly owns 21,475 shares in the company, valued at $1,743,770. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Charles Liang sold 44,000 shares of the stock in a transaction that occurred on Wednesday, November 2nd. The shares were sold at an average price of $75.00, for a total transaction of $3,300,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,646 shares of the company’s stock, valued at approximately $198,450. The disclosure for this sale can be found here. Insiders have sold a total of 49,579 shares of company stock valued at $3,745,811 over the last three months. 14.50% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Super Micro Computer
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale purchased a new stake in Super Micro Computer during the 3rd quarter valued at approximately $37,000. Neo Ivy Capital Management bought a new stake in Super Micro Computer in the third quarter worth $59,000. National Bank of Canada FI bought a new stake in Super Micro Computer in the second quarter worth $47,000. Signaturefd LLC lifted its position in Super Micro Computer by 291.7% in the third quarter. Signaturefd LLC now owns 1,175 shares of the company’s stock worth $65,000 after buying an additional 875 shares during the last quarter. Finally, Silvant Capital Management LLC bought a new stake in Super Micro Computer in the third quarter worth $68,000. 73.61% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
SMCI has been the topic of a number of recent research reports. Susquehanna Bancshares lowered shares of Super Micro Computer to a “neutral” rating and set a $55.00 price objective on the stock. in a research note on Monday, September 19th. Susquehanna downgraded shares of Super Micro Computer from a “positive” rating to a “neutral” rating and set a $55.00 target price for the company. in a research note on Monday, September 19th. StockNews.com assumed coverage on shares of Super Micro Computer in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Northland Securities lifted their target price on shares of Super Micro Computer from $137.00 to $165.00 in a research note on Wednesday, November 2nd. Finally, Wedbush lifted their target price on shares of Super Micro Computer from $55.00 to $65.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 2nd.
Super Micro Computer Stock Performance
Super Micro Computer stock traded down $1.47 during midday trading on Tuesday, hitting $81.84. The stock had a trading volume of 18,353 shares, compared to its average volume of 833,861. The firm’s fifty day moving average is $71.93 and its two-hundred day moving average is $60.25. The company has a market capitalization of $4.33 billion, a PE ratio of 10.21 and a beta of 1.44. Super Micro Computer has a 52-week low of $34.11 and a 52-week high of $95.22. The company has a current ratio of 2.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.09.
About Super Micro Computer
(Get Rating)
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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