ASE Technology (NYSE:ASX) Shares Gap Up - Here's What Happened

ASE Technology Holding Co., Ltd. (NYSE:ASX - Get Free Report) shares gapped up before the market opened on Friday . The stock had previously closed at $7.86, but opened at $8.22. ASE Technology shares last traded at $8.24, with a volume of 1,160,132 shares changing hands.

ASE Technology Stock Down 3.4 %

The company has a market capitalization of $17.97 billion, a PE ratio of 18.09, a P/E/G ratio of 0.47 and a beta of 1.21. The business has a 50-day moving average of $9.58 and a 200 day moving average of $9.90. 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 (NYSE:ASX - Get Free Report) last posted its earnings results on Thursday, February 13th. The semiconductor company reported $0.13 earnings per share for the quarter, missing analysts' consensus estimates of $0.16 by ($0.03). ASE Technology had a return on equity of 9.86% and a net margin of 5.44%. Equities research analysts predict that ASE Technology Holding Co., Ltd. will post 0.76 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. GAMMA Investing LLC grew its holdings in ASE Technology by 94.6% during the 1st quarter. GAMMA Investing LLC now owns 18,525 shares of the semiconductor company's stock worth $162,000 after acquiring an additional 9,004 shares in the last quarter. First Affirmative Financial Network raised its stake in ASE Technology by 41.2% in the first quarter. First Affirmative Financial Network now owns 25,507 shares of the semiconductor company's stock worth $223,000 after buying an additional 7,444 shares in the last quarter. Merit Financial Group LLC boosted its position in ASE Technology by 146.3% during the 1st quarter. Merit Financial Group LLC now owns 29,098 shares of the semiconductor company's stock valued at $255,000 after acquiring an additional 17,286 shares in the last quarter. Parallel Advisors LLC raised its position in shares of ASE Technology by 65.4% in the 1st quarter. Parallel Advisors LLC now owns 24,439 shares of the semiconductor company's stock worth $214,000 after acquiring an additional 9,665 shares in the last quarter. Finally, Confluence Investment Management LLC purchased a new stake in shares of ASE Technology during the 1st quarter worth $169,000. Hedge funds and other institutional investors own 6.80% of the company's stock.

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.