Harvey Capital Management Inc. purchased a new stake in shares of ASUSTeK Computer Inc. (OTCMKTS:ASUUY – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 97,665 shares of the company’s stock, valued at approximately $28,260,000. ASUSTeK Computer comprises approximately 5.8% of Harvey Capital Management Inc.’s holdings, making the stock its 4th largest holding.
Other hedge funds and other institutional investors have also made changes to their positions in the company. J.Safra Asset Management Corp acquired a new stake in ASUSTeK Computer in the 2nd quarter valued at approximately $10,036,000. Gould Asset Management LLC CA bought a new stake in ASUSTeK Computer during the 2nd quarter valued at $12,162,000. Manning & Napier Advisors LLC acquired a new position in ASUSTeK Computer during the 2nd quarter worth $20,179,000. Finally, Foster & Motley Inc. acquired a new position in ASUSTeK Computer during the 2nd quarter worth $73,977,000. 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. ASUSTeK Computer Inc. has a 1 year low of $57.73 and a 1 year high of $115.00. The business has a fifty day moving average of $111.67 and a 200-day moving average of $93.83.
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.
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