Insider Trading Watch List: Super Micro Computer (SMCI)

Super Micro Computer, Inc.(NASDAQ:SMCI) insider has recently participated in insider trading activity. VP Worldwide Sales, CHOU CHENG-HSIEN PHIDIAS sold 1,000 shares for $ 32,220 via one transaction Feb 12. Another notable insider trading was done by the same insider on Nov 06. CHOU CHENG-HSIEN PHIDIAS sold 1,000 shares at an average price of $30.60 for a total of $ 30,600. Moreover, Tsai Hwei-Ming Fred carried out a sale of 5,000 shares at $32.00 each on Feb 05. The transaction amounted to $ 160,000. Secretary & V P of Intl Sales Liaw Yih-Shyan Wally sold 12,481 shares for $ 378,582 through one transaction Nov 06. Following this sale, this insider’s stake in the company comprises 68,177 shares, priced at $2218479.58 as of Thursday.

The stock has experienced a total of 2 insider trades in the past three months. These trades include 2 sell activities and 0 buy trades. Furthermore, over the past 12 months, the stock was traded 17 times by insiders. In 17 of these trades, the insider was a seller while an employee of the company was the buyer in just 0 instances.

On January 28, 2016, Super Micro Computer, Inc. (SMCI) a global leader in high-performance, high-efficiency server, storage technology and green computing, announced second quarter fiscal 2016 financial results for the quarter ended December 31, 2015.

Net sales for the second quarter ended December 31, 2015 totaled $639.0 million, up 23.0% from $519.6 million in the first quarter of fiscal year 2016. One customer accounted for 15.0% of net sales during the quarter ended December 31, 2015.

GAAP net income for the second quarter of fiscal year 2016 was $34.7 million or $0.67 per diluted share, an increase of 11.0% from net income of $31.2 million, or $0.61 per diluted share in the same period a year ago. Included in net income for the quarter is $4.0 million of stock-based compensation expense (pre-tax). Excluding this item and the related tax effect, non-GAAP net income for the second quarter was $38.0 million, or $0.73 per diluted share, compared to non-GAAP net income of $33.5 million, or $0.65 per diluted share, in the same quarter of the prior year. On a sequential basis, non-GAAP net income increased from the first quarter of fiscal year 2016 by $21.5 million or $0.41 per diluted share.

Super Micro Computer, Inc., together with its subsidiaries, develops and provides high performance server solutions based on modular and open-standard architecture. The company offers a range of server, storage, blade, workstation, and full rack solutions, as well as networking devices, server management software, and technology support and services. It also provides a range of application optimized server solutions, including rackmount and blade server systems; and server subsystems and accessories comprising server boards, and chassis and power supplies, as well as other system accessories, including microprocessors, and memory and disc drives.