ASE Technology (NYSE:ASX) Reaches New 1-Year High - Still a Buy?

Key Points

• ASE Technology's stock reached a new 52-week high of $11.64, last trading at $11.63 with a volume of 523,863 shares.
• Despite posting a miss on earnings with $0.11 EPS against a $0.14 consensus estimate, the company had a revenue of $5.07 billion.
• Institutional investors are increasing their stakes, with notable increases from firms like Farther Finance Advisors and Northwestern Mutual Wealth Management.

ASE Technology Holding Co., Ltd. (NYSE:ASX - Get Free Report)'s share price hit a new 52-week high on Monday . The stock traded as high as $11.64 and last traded at $11.63, with a volume of 523863 shares traded. The stock had previously closed at $11.46.

ASE Technology Stock Up 2.1%

The company has a current ratio of 1.02, a quick ratio of 0.79 and a debt-to-equity ratio of 0.57. The company's 50 day moving average price is $10.38 and its two-hundred day moving average price is $9.77. The firm has a market cap of $25.84 billion, a PE ratio of 24.90, a PEG ratio of 0.64 and a beta of 1.34.

ASE Technology (NYSE:ASX - Get Free Report) last released its earnings results on Thursday, July 31st. The semiconductor company reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.14 by ($0.03). ASE Technology had a net margin of 5.48% and a return on equity of 10.33%. The firm had revenue of $5.07 billion for the quarter, compared to analysts' expectations of $150.44 billion. On average, equities research analysts expect that ASE Technology Holding Co., Ltd. will post 0.76 EPS for the current fiscal year.

Institutional Trading of ASE Technology

A number of large investors have recently made changes to their positions in the business. Osaic Holdings Inc. increased its holdings in shares of ASE Technology by 43.8% in the 2nd quarter. Osaic Holdings Inc. now owns 17,987 shares of the semiconductor company's stock worth $185,000 after buying an additional 5,477 shares during the last quarter. Orion Porfolio Solutions LLC grew its holdings in ASE Technology by 11.1% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 159,366 shares of the semiconductor company's stock valued at $1,646,000 after purchasing an additional 15,921 shares during the last quarter. Evergreen Capital Management LLC bought a new position in ASE Technology during the 2nd quarter valued at about $309,000. Headlands Technologies LLC grew its holdings in ASE Technology by 549.8% during the 2nd quarter. Headlands Technologies LLC now owns 5,153 shares of the semiconductor company's stock valued at $53,000 after purchasing an additional 4,360 shares during the last quarter. Finally, Corient Private Wealth LLC grew its holdings in ASE Technology by 4.9% during the 2nd quarter. Corient Private Wealth LLC now owns 167,199 shares of the semiconductor company's stock valued at $1,727,000 after purchasing an additional 7,791 shares during the last quarter. 6.80% of the stock is currently owned by institutional investors.

About ASE Technology

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.