ASE Technology (NYSE:ASX) Given Hold (C) Rating at Weiss Ratings

Key Points

• ASE Technology has maintained a "hold (C)" rating from Weiss Ratings, indicating a cautious outlook for investors.
• The stock traded up 4.3%, reaching $11.87, with a significant trading volume of over 7 million shares.
• In its latest earnings report, ASE Technology reported an EPS of $0.11, falling short of the consensus estimate of $0.14, amidst revenue of $5.07 billion for the quarter.

ASE Technology (NYSE:ASX - Get Free Report)'s stock had its "hold (c)" rating reiterated by equities research analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

ASE Technology Trading Up 4.3%

Shares of ASX stock traded up $0.49 on Wednesday, hitting $11.87. The stock had a trading volume of 7,087,016 shares, compared to its average volume of 10,199,078. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.02 and a quick ratio of 0.79. The firm has a market capitalization of $26.20 billion, a P/E ratio of 25.26, a P/E/G ratio of 0.64 and a beta of 1.37. ASE Technology has a 1 year low of $6.94 and a 1 year high of $11.88. The company's 50 day moving average price is $10.56 and its 200-day moving average price is $9.89.

ASE Technology (NYSE:ASX - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The semiconductor company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.03). The firm had revenue of $5.07 billion during the quarter, compared to analysts' expectations of $150.44 billion. ASE Technology had a net margin of 5.48% and a return on equity of 10.33%. Analysts anticipate that ASE Technology will post 0.76 earnings per share for the current year.

Institutional Trading of ASE Technology

Hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC raised its stake in shares of ASE Technology by 154.3% in the second quarter. Farther Finance Advisors LLC now owns 2,746 shares of the semiconductor company's stock valued at $28,000 after acquiring an additional 1,666 shares in the last quarter. Golden State Wealth Management LLC raised its stake in ASE Technology by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 3,590 shares of the semiconductor company's stock valued at $31,000 after buying an additional 1,795 shares in the last quarter. TT International Asset Management LTD acquired a new stake in ASE Technology in the first quarter valued at $39,000. WealthCollab LLC increased its position in shares of ASE Technology by 55.2% during the second quarter. WealthCollab LLC now owns 4,850 shares of the semiconductor company's stock worth $50,000 after purchasing an additional 1,726 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of ASE Technology by 537.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,928 shares of the semiconductor company's stock worth $51,000 after purchasing an additional 4,155 shares in the last quarter. 6.80% of the stock is currently owned by institutional investors and hedge funds.

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.

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