Wall Street Zen Upgrades SuperX AI Technology (NASDAQ:SUPX) to “Sell”

SuperX AI Technology (NASDAQ:SUPX) was upgraded by Wall Street Zen from a “strong sell” rating to a “sell” rating in a report issued on Saturday.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of SuperX AI Technology in a research note on Friday, May 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

SuperX AI Technology Stock Performance

Shares of SuperX AI Technology stock opened at $6.49 on Friday. The business has a 50-day moving average of $8.27 and a 200 day moving average of $10.10. SuperX AI Technology has a 12 month low of $5.61 and a 12 month high of $76.50.

SuperX AI Technology (NASDAQ:SUPX) last released its earnings results on Monday, June 22nd. The semiconductor company reported ($1.22) earnings per share for the quarter. The business had revenue of $1.42 million during the quarter.

Hedge Funds Weigh In On SuperX AI Technology

Institutional investors and hedge funds have recently made changes to their positions in the stock. Yong Rong HK Asset Management Ltd acquired a new stake in SuperX AI Technology in the fourth quarter valued at approximately $43,091,000. Anatole Investment Management Ltd purchased a new position in SuperX AI Technology in the fourth quarter worth approximately $28,224,000. CloudAlpha Capital Management Limited Hong Kong acquired a new position in SuperX AI Technology during the 4th quarter worth approximately $8,053,000. Boundless Plain Holdings Ltd acquired a new position in SuperX AI Technology during the 4th quarter worth approximately $845,000. Finally, Renaissance Technologies LLC acquired a new position in SuperX AI Technology during the 4th quarter worth approximately $678,000.

SuperX AI Technology Company Profile

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.