Manning & Napier Advisors LLC Takes Position in ASUSTeK Computer Inc. $ASUUY

Manning & Napier Advisors LLC acquired a new position in shares of ASUSTeK Computer Inc. (OTCMKTS:ASUUY) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 69,737 shares of the company’s stock, valued at approximately $20,179,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Foster & Motley Inc. acquired a new position in ASUSTeK Computer in the 2nd quarter worth $73,977,000. Gould Asset Management LLC CA bought a new position in shares of ASUSTeK Computer during the second quarter worth about $12,162,000. Finally, J.Safra Asset Management Corp bought a new position in shares of ASUSTeK Computer during the second quarter worth about $10,036,000. 0.12% of the stock is currently owned by institutional investors and hedge funds.

ASUSTeK Computer Price Performance

Shares of ASUSTeK Computer stock opened at $115.00 on Tuesday. ASUSTeK Computer Inc. has a 52-week low of $57.73 and a 52-week high of $115.00. The business’s 50 day simple moving average is $110.71 and its 200 day simple moving average is $93.09.

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.