Los Angeles Capital Management LLC recently acquired a significant number of shares in Super Micro Computer, Inc. (NASDAQ: SMCI), marking a substantial increase in their holdings. The company saw a growth of 482.6% in their ownership during the 1st quarter, as reported in their latest filing with the SEC. With the purchase of an additional 27,895 shares, Los Angeles Capital Management LLC now owns 33,675 shares of Super Micro Computer, valued at $34,013,000.

Notably, Los Angeles Capital Management LLC is not the only institutional investor making moves with SMCI. Versant Capital Management Inc raised its stake by 42.9% in the 1st quarter, while Optimum Investment Advisors and other firms also entered the scene with new stakes in the company.

Super Micro Computer’s stock has shown positive momentum, with a 3.7% increase recently. The stock opened at $920.01, with a 50-day moving average of $837.98 and a 200-day moving average of $715.00. The company’s market cap stands at $51.46 billion, with a price-to-earnings ratio of 51.57 and a beta of 1.23.

Looking at the financial performance, Super Micro Computer reported earnings per share of $6.56 for the last quarter, surpassing analysts’ expectations. The company generated $3.85 billion in revenue, slightly below the anticipated $3.96 billion. With a return on equity of 34.09% and a net margin of 8.88%, Super Micro Computer is expected to post 21.11 EPS for the current year.

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