Yong Rong HK Asset Management Ltd Buys Shares of 2,748,088 SuperX AI Technology Limited $SUPX

Key Points

• Yong Rong HK Asset Management Ltd bought a new stake of 2,748,088 shares in SuperX (NASDAQ:SUPX), worth about $43.09 million, making it the fund's 3rd-largest position at 13.1% of its portfolio and representing 8.72% ownership of the company.
• Analyst sentiment is bearish—MarketBeat shows an average rating of "Sell", with Weiss Ratings reiterating a sell and Wall Street Zen downgrading SUPX from hold to sell.
• SUPX opened at $8.74, trading near its 50-day moving average of $9.89 and well below its 200-day average of $23.01, with a one-year range of $6.61 to $76.50.

Yong Rong HK Asset Management Ltd bought a new stake in shares of SuperX AI Technology Limited (NASDAQ:SUPX - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 2,748,088 shares of the semiconductor company's stock, valued at approximately $43,091,000. SuperX AI Technology comprises 13.1% of Yong Rong HK Asset Management Ltd's investment portfolio, making the stock its 3rd biggest position. Yong Rong HK Asset Management Ltd owned 8.72% of SuperX AI Technology as of its most recent filing with the Securities & Exchange Commission.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on SUPX shares. Weiss Ratings reiterated a "sell (d-)" rating on shares of SuperX AI Technology in a research report on Monday, December 29th. Wall Street Zen downgraded shares of SuperX AI Technology from a "hold" rating to a "sell" rating in a research note on Sunday, March 15th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of "Sell".

SuperX AI Technology Price Performance

SUPX stock opened at $8.74 on Tuesday. SuperX AI Technology Limited has a one year low of $6.61 and a one year high of $76.50. The company's 50 day moving average price is $9.89 and its two-hundred day moving average price is $23.01.

About SuperX AI Technology

Supertex, Inc is a producer of high voltage analog and mixed signal semiconductor components. The Company designs, develops, manufactures, and markets integrated circuits (ICs), utilizing high voltage DMOS, HVCMOS and HVBiCMOS analog and mixed signal technologies. These ICs are used in the medical ultrasound imaging, light emitting diodes (LED) backlighting for monitors and liquid-crystal display (LCD) television (TVs), LED general lighting, telecommunications, printer, flat panel display, industrial and consumer product industries.

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