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

Stifel Financial Corp trimmed its holdings in ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) by 15.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm 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 quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Fisher Asset Management LLC boosted its holdings in shares of ASE Technology by 3.3% in 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 acquiring an additional 507,008 shares during the period. JPMorgan Chase & Co. boosted its position in shares of ASE Technology by 36.1% in the fourth quarter. JPMorgan Chase & Co. now owns 4,861,813 shares of the semiconductor company's stock worth $48,958,000 after buying an additional 1,290,605 shares during the period. Cullen Capital Management LLC increased its stake in shares of ASE Technology by 0.3% in the fourth quarter. Cullen Capital Management LLC now owns 4,424,100 shares of the semiconductor company's stock worth $44,551,000 after buying an additional 14,831 shares during the last quarter. Schroder Investment Management Group raised its stake in ASE Technology by 0.3% during the fourth quarter. Schroder Investment Management Group now owns 4,371,391 shares of the semiconductor company's stock worth $44,370,000 after acquiring an additional 12,767 shares during the period. Finally, Barclays PLC increased its holdings in shares of 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 purchasing an additional 611,751 shares during the period. 6.80% of the stock is currently owned by institutional investors.

ASE Technology Stock Up 0.2 %

ASE Technology stock traded up $0.02 during trading hours on Friday, hitting $9.20. The company had a trading volume of 4,022,142 shares, compared to its average volume of 8,816,099. The firm's fifty day moving average is $8.91 and its 200-day moving average is $9.74. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.19 and a quick ratio of 0.93. ASE Technology Holding Co., Ltd. has a fifty-two week low of $6.94 and a fifty-two week high of $12.86. The firm has a market capitalization of $20.31 billion, a P/E ratio of 20.44, a price-to-earnings-growth 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 company had revenue of $4.59 billion for the quarter, compared to analyst estimates of $143.62 billion. On average, research analysts forecast that ASE Technology Holding Co., Ltd. will post 0.76 earnings per share for the current 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.