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

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

Other institutional investors have also recently modified their holdings of the company. Steward Partners Investment Advisory LLC raised its position in shares of 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 worth $37,000 after purchasing an additional 2,307 shares during the last quarter. Allworth Financial LP grew its stake in ASE Technology by 42.5% during the 4th quarter. Allworth Financial LP now owns 3,700 shares of the semiconductor company's stock valued at $41,000 after acquiring an additional 1,104 shares in the last quarter. R Squared Ltd acquired a new stake in ASE Technology in the 4th quarter valued at about $51,000. Whipplewood Advisors LLC purchased a new position in ASE Technology in the 4th quarter worth approximately $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 purchasing an additional 4,327 shares during the last quarter. 6.80% of the stock is currently owned by institutional investors and hedge funds.

ASE Technology Price Performance

Shares of ASX stock traded up $0.03 during trading hours on Tuesday, reaching $9.91. The company had a trading volume of 9,465,765 shares, compared to its average volume of 9,073,736. ASE Technology Holding Co., Ltd. has a 12-month low of $6.94 and a 12-month high of $12.86. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.93 and a current ratio of 1.19. The company has a market capitalization of $21.88 billion, a price-to-earnings ratio of 22.02, a PEG ratio of 0.47 and a beta of 1.20. The stock has a fifty day moving average of $8.92 and a 200-day moving average of $9.73.

ASE Technology (NYSE:ASX - Get Free Report) last issued its earnings results on Wednesday, April 30th. The semiconductor company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.02). ASE Technology had a net margin of 5.44% and a return on equity of 9.86%. The company had revenue of $4.59 billion during the quarter, compared to analysts' expectations of $143.62 billion. On average, equities analysts anticipate that ASE Technology Holding Co., Ltd. will post 0.76 earnings per share for the current year.

ASE Technology 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.