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Wednesday, July 24, 2024
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LA Capital Management Acquires 27,895 Shares of Super Micro (SMCI)

In a recent filing with the U.S. Securities and Exchange Commission (SEC), Los Angeles Capital Management LLC (LACM) disclosed an increase in its holdings of Super Micro Computer, Inc. (NASDAQ: SMCI) stock. The investment management firm acquired an additional 27,895 shares during the first quarter of 2024, bringing its total ownership to 33,675.

This transaction represents a significant increase of 482.6% in LACM’s stake in Super Micro Computer compared to the previous quarter. The average purchase price per share was $869.62, resulting in a total investment of approximately $456,550.50.

While the reasons behind LACM’s decision to expand their holdings in Super Micro Computer were not disclosed in the SEC filing, the move suggests growing confidence in the company’s future prospects among some investors. Super Micro Computer manufactures high-performance computer servers, workstations, storage systems, and related computing products.

It is important to note that this is just one data point, and investors should conduct their own research before making any investment decisions. However, LACM’s increased stake in Super Micro Computer could be interpreted as a signal of potential growth within the company.

Further analysis of industry trends, Super Micro Computer’s financial performance, and analyst ratings would be necessary to fully understand the company’s investment potential.

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