ASE Technology Holding Co., Ltd. (NYSE:ASX) Shares Sold by Bank of America Corp DE

Bank of America Corp DE lowered its holdings in ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) by 6.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,445,109 shares of the semiconductor company's stock after selling 516,261 shares during the period. Bank of America Corp DE owned about 0.34% of ASE Technology worth $74,972,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in ASE Technology by 36.1% in the fourth quarter. JPMorgan Chase & Co. now owns 4,861,813 shares of the semiconductor company's stock valued at $48,958,000 after purchasing an additional 1,290,605 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in ASE Technology in the fourth quarter valued at about $710,000. Y Intercept Hong Kong Ltd boosted its holdings in ASE Technology by 28.8% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 149,965 shares of the semiconductor company's stock valued at $1,510,000 after purchasing an additional 33,542 shares during the last quarter. Rhumbline Advisers boosted its holdings in ASE Technology by 9.3% in the fourth quarter. Rhumbline Advisers now owns 805,764 shares of the semiconductor company's stock valued at $8,114,000 after purchasing an additional 68,654 shares during the last quarter. Finally, Fisher Asset Management LLC raised its stake in ASE Technology by 3.3% during the fourth quarter. Fisher Asset Management LLC now owns 15,674,623 shares of the semiconductor company's stock valued at $157,843,000 after buying an additional 507,008 shares in the last quarter. Hedge funds and other institutional investors own 6.80% of the company's stock.

ASE Technology Stock Down 1.8%

NYSE ASX traded down $0.19 on Friday, hitting $9.98. 8,918,765 shares of the stock traded hands, compared to its average volume of 9,052,275. The stock has a 50-day moving average of $8.92 and a 200 day moving average of $9.73. ASE Technology Holding Co., Ltd. has a twelve month low of $6.94 and a twelve month high of $12.86. The company has a market capitalization of $22.02 billion, a P/E ratio of 22.17, a price-to-earnings-growth ratio of 0.47 and a beta of 1.20. The company has a current ratio of 1.19, a quick ratio of 0.93 and a debt-to-equity ratio of 0.40.

ASE Technology (NYSE:ASX - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $4.59 billion for the quarter, compared to analyst estimates of $143.62 billion. As a group, analysts expect that ASE Technology Holding Co., Ltd. will post 0.76 earnings per share for the current fiscal 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.