Harvey Capital Management Inc. purchased a new stake in shares of ASUSTeK Computer Inc. (OTCMKTS:ASUUY – Free Report) in the second quarter, HoldingsChannel reports. The institutional investor purchased 97,665 shares of the company’s stock, valued at approximately $28,260,000. ASUSTeK Computer accounts for approximately 5.8% of Harvey Capital Management Inc.’s holdings, making the stock its 4th largest holding.
Other hedge funds also recently modified their holdings of the company. Foster & Motley Inc. bought a new stake in shares of ASUSTeK Computer in the 2nd quarter worth $73,977,000. J.Safra Asset Management Corp acquired a new stake in shares of ASUSTeK Computer in the second quarter valued at $10,036,000. Manning & Napier Advisors LLC bought a new position in ASUSTeK Computer during the second quarter valued at about $20,179,000. Finally, Gould Asset Management LLC CA bought a new position in ASUSTeK Computer during the second quarter valued at about $12,162,000. 0.12% of the stock is currently owned by institutional investors and hedge funds.
ASUSTeK Computer Price Performance
OTCMKTS:ASUUY opened at $115.00 on Friday. The business’s 50-day moving average price is $111.67 and its 200 day moving average price is $93.83. ASUSTeK Computer Inc. has a 52-week low of $57.73 and a 52-week high of $115.00.
ASUSTeK Computer Profile
ASUSTeK Computer Inc, commonly known as ASUS, is a Taiwanese multinational company specializing in the design and manufacture of computer hardware, electronics and related services. Founded in 1989 in Taipei by T.H. Tung, Ted Hsu, Wayne Hsieh and M.T. Liao, ASUS has grown into one of the world’s leading suppliers of motherboards, graphics cards, desktops and laptops. The company’s portfolio also extends to monitors, networking equipment, servers, workstations and accessories tailored for both consumer and enterprise markets.
ASUS is perhaps best known for its Republic of Gamers (ROG) brand, which offers high-performance products aimed at gamers and e-sports enthusiasts.
See Also
- Five stocks we like better than ASUSTeK Computer
- Nutanix’s Rally Has a Bigger Story Than Earnings as AMD’s AI Bet Takes Shape
- SEC Probe Puts Wall Street Leverage Risk Back in Focus
- A Bearish-Dollar Options Surge Raises the Stakes for Warsh at Jackson Hole
- Five Below’s Turnaround Is Working—But Has the Stock Run Too Far?
Want to see what other hedge funds are holding ASUUY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ASUSTeK Computer Inc. (OTCMKTS:ASUUY – Free Report).
Receive News & Ratings for ASUSTeK Computer Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ASUSTeK Computer and related companies with MarketBeat.com's FREE daily email newsletter.
