347,758 Shares of ASE Technology Holding Co., Ltd. $ASX Purchased by Mirae Asset Global Investments Co. Ltd.

Key Points

• Mirae Asset Global Investments initiated a position in ASE Technology during the third quarter, acquiring 347,758 shares valued at approximately $15.46 million.
• ASE Technology reported quarterly EPS of $0.37, beating the $0.34 consensus, while revenue of $7.66 billion exceeded estimates of $7.30 billion.
• Recent analyst upgrades lifted the stock to a MarketBeat consensus “Strong Buy” rating; institutional investors and hedge funds collectively own 6.80% of the company.

Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 347,758 shares of the semiconductor company's stock, valued at approximately $15,461,000.

A number of other hedge funds have also made changes to their positions in ASX. Nilsine Partners LLC purchased a new stake in shares of ASE Technology during the second quarter worth approximately $1,278,000. Nykredit A S purchased a new position in ASE Technology in the 2nd quarter valued at $14,247,000. Navellier & Associates Inc. purchased a new position in ASE Technology in the 2nd quarter valued at $3,975,000. Blue Jean Financial LLC purchased a new position in ASE Technology in the 3rd quarter valued at $4,168,000. Finally, Hsbc Holdings PLC boosted its stake in ASE Technology by 7.5% during the 1st quarter. Hsbc Holdings PLC now owns 2,014,412 shares of the semiconductor company's stock worth $43,654,000 after purchasing an additional 140,628 shares during the last quarter. Institutional investors and hedge funds own 6.80% of the company's stock.

ASE Technology Price Performance

NYSE:ASX opened at $39.12 on Wednesday. ASE Technology Holding Co., Ltd. has a one year low of $13.35 and a one year high of $47.93. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.88 and a current ratio of 1.16. The stock has a market cap of $87.44 billion, a PE ratio of 36.56 and a beta of 1.79. The stock has a 50 day moving average price of $41.59 and a 200 day moving average price of $33.41.

ASE Technology (NYSE:ASX - Get Free Report) last announced its quarterly earnings data on Thursday, October 29th. The semiconductor company reported $0.37 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.03. The firm had revenue of $7.66 billion for the quarter, compared to the consensus estimate of $7.30 billion. ASE Technology had a return on equity of 18.97% and a net margin of 9.77%. Equities research analysts expect that ASE Technology Holding Co., Ltd. will post 1.31 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Zacks Research raised shares of ASE Technology from a "hold" rating to a "strong-buy" rating in a report on Tuesday, September 22nd. Weiss Ratings upgraded shares of ASE Technology from a "hold (c+)" rating to a "buy (b)" rating in a research report on Friday, October 9th. Finally, Wall Street Zen raised shares of ASE Technology from a "hold" rating to a "buy" rating in a research note on Saturday. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Strong Buy".

ASE Technology Company Profile

ASE Technology Holding Co, Ltd. is a Taiwan-based provider of semiconductor manufacturing services. Through its subsidiaries, the company offers outsourced semiconductor assembly and test services, helping chip designers and manufacturers package, assemble and evaluate integrated circuits after wafer fabrication.

Its services include wafer probing, wafer bumping, semiconductor packaging, final testing and advanced packaging technologies such as flip-chip, system-in-package and fan-out solutions.

Want to see what other hedge funds are holding ASX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.