36,651 Shares in ASE Technology Holding Co., Ltd. (NYSE:ASX) Purchased by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. acquired a new stake in ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 36,651 shares of the semiconductor company's stock, valued at approximately $369,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Steward Partners Investment Advisory LLC lifted its holdings in ASE Technology by 166.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,694 shares of the semiconductor company's stock valued at $37,000 after purchasing an additional 2,307 shares during the last quarter. Allworth Financial LP raised its position in shares of ASE Technology by 42.5% in the fourth 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 period. R Squared Ltd bought a new position in shares of ASE Technology in the fourth quarter valued at about $51,000. Whipplewood Advisors LLC acquired a new stake in shares of ASE Technology during the 4th quarter worth about $93,000. Finally, GeoWealth Management LLC boosted its holdings in shares of ASE Technology by 75.3% during the 4th quarter. GeoWealth Management LLC now owns 10,071 shares of the semiconductor company's stock worth $101,000 after buying an additional 4,327 shares during the period. 6.80% of the stock is currently owned by institutional investors.

ASE Technology Stock Performance

ASX traded up $0.08 on Thursday, reaching $9.89. The company had a trading volume of 1,650,524 shares, compared to its average volume of 9,097,385. The stock has a market cap of $21.82 billion, a P/E ratio of 21.96, a P/E/G ratio of 0.47 and a beta of 1.20. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.93 and a current ratio of 1.19. ASE Technology Holding Co., Ltd. has a fifty-two week low of $6.94 and a fifty-two week high of $12.86. The company's fifty day moving average is $8.93 and its 200 day moving average is $9.73.

ASE Technology (NYSE:ASX - Get Free Report) last posted its earnings results on Wednesday, April 30th. The semiconductor company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.02). The firm had revenue of $4.59 billion during the quarter, compared to analyst estimates of $143.62 billion. ASE Technology had a net margin of 5.44% and a return on equity of 9.86%. As a group, analysts predict 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.