Lazard Asset Management LLC Sells 81,009 Shares of ASE Technology Holding Co., Ltd. (NYSE:ASX)

Lazard Asset Management LLC decreased its stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) by 0.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,382,915 shares of the semiconductor company's stock after selling 81,009 shares during the quarter. Lazard Asset Management LLC owned about 0.84% of ASE Technology worth $185,115,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in ASX. JPMorgan Chase & Co. raised its stake in ASE Technology by 36.1% during the fourth quarter. JPMorgan Chase & Co. now owns 4,861,813 shares of the semiconductor company's stock valued at $48,958,000 after buying an additional 1,290,605 shares during the last quarter. Capula Management Ltd raised its stake in ASE Technology by 117.8% during the fourth quarter. Capula Management Ltd now owns 2,197,070 shares of the semiconductor company's stock valued at $22,124,000 after buying an additional 1,188,410 shares during the last quarter. Mirabella Financial Services LLP purchased a new position in ASE Technology during the fourth quarter valued at $6,780,000. Barclays PLC raised its stake in ASE Technology by 24.6% during the fourth quarter. Barclays PLC now owns 3,094,383 shares of the semiconductor company's stock valued at $31,160,000 after buying an additional 611,751 shares during the last quarter. Finally, Fisher Asset Management LLC raised its stake in ASE Technology by 3.3% during the fourth quarter. Fisher Asset Management LLC now owns 15,674,623 shares of the semiconductor company's stock valued at $157,843,000 after buying an additional 507,008 shares during the last quarter. Hedge funds and other institutional investors own 6.80% of the company's stock.

ASE Technology Stock Down 1.8%

Shares of ASX stock traded down $0.19 during mid-day trading on Friday, hitting $9.98. The company's stock had a trading volume of 8,918,765 shares, compared to its average volume of 9,028,908. ASE Technology Holding Co., Ltd. has a 52-week low of $6.94 and a 52-week high of $12.86. The business has a 50-day moving average price of $8.92 and a 200 day moving average price of $9.73. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.93 and a current ratio of 1.19. The stock has a market cap of $22.02 billion, a price-to-earnings ratio of 22.17, a PEG ratio of 0.47 and a beta of 1.20.

ASE Technology (NYSE:ASX - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The semiconductor company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.02). ASE Technology had a return on equity of 9.86% and a net margin of 5.44%. The business had revenue of $4.59 billion during the quarter, compared to analysts' expectations of $143.62 billion. Research analysts predict that ASE Technology Holding Co., Ltd. will post 0.76 EPS for the current fiscal year.

ASE Technology Profile

ASE Technology Holding Co, Ltd., together with its subsidiaries, provides semiconductors packaging and testing, and electronic manufacturing services in the United States, Taiwan, Asia, Europe, and internationally. It develops, constructs, sells, leases, and manages real estate properties; produces substrates; offers information software, equipment leasing, investment advisory, and warehousing management services; commercial complex, after-sales, and support services; manages parking lot services; processes and sells computer and communication peripherals, electronic components, telecommunications equipment, and motherboards; and imports and exports goods and technology.