Super Micro Computer, Inc. (SMCI) Files Form 4 Insider Selling : Howard Hideshima Sells 20,312 Shares

Super Micro Computer, Inc. (SMCI): Howard Hideshima , Chief Financial Officer of Super Micro Computer, Inc. sold 20,312 shares on May 31, 2016. The Insider selling transaction was reported by the company on Jun 2, 2016 to the Securities and Exchange Commission. The shares were sold at $26.20 per share for a total value of $532,269.88 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 25, 2016, Hwei-ming Fred Tsai (director) sold 10,000 shares at $25.16 per share price.On May 11, 2016, Cheng-hsien Phidias Chou (VP Worldwide Sales) sold 2,000 shares at $26.97 per share price.Also, On Mar 2, 2016, Howard Hideshima (Chief Financial Officer) sold 20,312 shares at $32.40 per share price.On Mar 1, 2016, Yih-shyan Wally Liaw (Secretary & V P of Intl Sales) sold 20,000 shares at $32.18 per share price.

Super Micro Computer: On Wednesday, Jun 1, 2016 heightened volatility was witnessed in Super Micro Computer which led to swings in the share price. The shares opened for trading at $26.26 and hit $26.54 on the upside , eventually ending the session at $26.35, with a gain of 0.42% or 0.11 points. The heightened volatility saw the trading volume jump to 2,91,533 shares. The 52-week high of the share price is $35.51 and the company has a market cap of $1,275 M . The 52-week low of the share price is at $21.25.

Super Micro Computer Money Flow Index Chart

Company has been under the radar of several Street Analysts.Super Micro Computer is Reiterated by Maxim Group to Buy while Lowering the Price Target of the company shares to $ 47 from a previous price target of $52 . The Rating was issued on Apr 18, 2016.

Super Micro Computer Inc. offers server technology. The Company develops and provides end-to-end green computing solutions to the data center cloud computing enterprise information technology information technology (IT) big data high performance computing (HPC) and 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. It sells its server systems and server subsystems and accessories through a combination of distributors including value added resellers and system integrators and other equipment manufacturers (OEMs) as well as through its direct sales force. As of June 30 2015 the Company offered over 4550 stock keeping units (SKUs) including SKUs for server and storage systems serverboards chassis power supplies and other accessories. The Company develops and manufactures server solutions based upon a modular and open architecture.

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