SuperX AI Technology (NASDAQ:SUPX) Announces Earnings Results

SuperX AI Technology (NASDAQ:SUPX) posted its earnings results on Monday. The semiconductor company reported ($1.22) EPS for the quarter, FiscalAI reports. The company had revenue of $1.42 million for the quarter.

SuperX AI Technology Trading Down 2.9%

SUPX traded down $0.24 during trading on Monday, reaching $7.95. The company had a trading volume of 378,316 shares, compared to its average volume of 279,080. The firm’s 50-day simple moving average is $9.12 and its 200 day simple moving average is $12.02. SuperX AI Technology has a 12-month low of $6.61 and a 12-month high of $76.50.

Wall Street Analyst Weigh In

A number of analysts recently commented on SUPX shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of SuperX AI Technology in a research report on Friday, May 8th. Wall Street Zen cut SuperX AI Technology from a “hold” rating to a “sell” rating in a report on Sunday, March 15th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Yong Rong HK Asset Management Ltd bought a new position in shares of SuperX AI Technology in the 4th quarter valued at approximately $43,091,000. CloudAlpha Capital Management Limited Hong Kong acquired a new position in shares of SuperX AI Technology in the fourth quarter valued at $8,053,000. Boundless Plain Holdings Ltd bought a new stake in SuperX AI Technology in the fourth quarter valued at about $845,000. Geode Capital Management LLC acquired a new position in shares of SuperX AI Technology in the 4th quarter worth approximately $323,000. Finally, Swiss National Bank acquired a new position in SuperX AI Technology during the fourth quarter worth $309,000.

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.