Yong Rong HK Asset Management Ltd Makes New $43.09 Million Investment in SuperX AI Technology Limited $SUPX

Yong Rong HK Asset Management Ltd purchased a new position in shares of SuperX AI Technology Limited (NASDAQ:SUPX) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,748,088 shares of the semiconductor company’s stock, valued at approximately $43,091,000. SuperX AI Technology makes up about 13.1% of Yong Rong HK Asset Management Ltd’s portfolio, making the stock its 3rd biggest holding. Yong Rong HK Asset Management Ltd owned 0.09% of SuperX AI Technology at the end of the most recent quarter.

SuperX AI Technology Stock Down 2.2%

Shares of NASDAQ SUPX opened at $8.74 on Tuesday. SuperX AI Technology Limited has a 52 week low of $6.61 and a 52 week high of $76.50. The firm’s fifty day moving average is $9.89 and its 200 day moving average is $23.01.

Analyst Upgrades and Downgrades

Several brokerages recently commented on SUPX. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SuperX AI Technology in a research note 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.com, SuperX AI Technology currently has a consensus rating of “Sell”.

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.