Stifel Financial Corp Reduces Stock Position in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Stifel Financial Corp lessened its stake in ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) by 15.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 292,901 shares of the semiconductor company's stock after selling 55,488 shares during the quarter. Stifel Financial Corp's holdings in ASE Technology were worth $2,950,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of ASX. Steward Partners Investment Advisory LLC boosted its stake in shares of ASE Technology by 166.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,694 shares of the semiconductor company's stock worth $37,000 after buying an additional 2,307 shares during the last quarter. Allworth Financial LP increased its position in shares of ASE Technology by 42.5% during the 4th quarter. Allworth Financial LP now owns 3,700 shares of the semiconductor company's stock valued at $41,000 after purchasing an additional 1,104 shares during the last quarter. R Squared Ltd bought a new stake in shares of ASE Technology during the 4th quarter worth $51,000. Wilmington Savings Fund Society FSB purchased a new position in shares of ASE Technology in the 3rd quarter worth about $77,000. Finally, Whipplewood Advisors LLC bought a new position in ASE Technology during the fourth quarter valued at about $93,000. Institutional investors own 6.80% of the company's stock.

ASE Technology Stock Performance

ASX stock traded down $0.07 during mid-day trading on Tuesday, hitting $9.00. The company had a trading volume of 11,695,906 shares, compared to its average volume of 8,752,009. 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 firm has a market cap of $19.87 billion, a PE ratio of 20.00, a price-to-earnings-growth ratio of 0.47 and a beta of 1.20. ASE Technology Holding Co., Ltd. has a 12 month low of $6.94 and a 12 month high of $12.86. The stock's fifty day moving average price is $8.95 and its two-hundred day moving average price is $9.75.

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

ASE Technology Company 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.