Aquatic Capital Management LLC Sells 660,694 Shares of ASE Technology Holding Co., Ltd. $ASX

Key Points

• Aquatic Capital Management LLC reduced its stake in ASE Technology by 55.4% in the third quarter, selling 660,694 shares and ending the period with 531,434 shares worth $5.894 million.
• ASE reported quarterly EPS of $0.11, missing the $0.20 consensus while posting revenue of $5.67 billion, which beat estimates—signaling a revenue beat but earnings shortfall.
• Analyst coverage is mixed (one Buy, one Hold, one Sell; average Hold), and ASE trades near $21.55 with a market cap of $47.79 billion and a 12‑month range of $6.94–$25.28.

Aquatic Capital Management LLC trimmed its holdings in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) by 55.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 531,434 shares of the semiconductor company's stock after selling 660,694 shares during the quarter. Aquatic Capital Management LLC's holdings in ASE Technology were worth $5,894,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of ASX. Smartleaf Asset Management LLC raised its stake in shares of ASE Technology by 1,704.8% during the 3rd quarter. Smartleaf Asset Management LLC now owns 2,653 shares of the semiconductor company's stock worth $30,000 after purchasing an additional 2,506 shares during the period. WealthCollab LLC grew its position in ASE Technology by 55.2% during the second quarter. WealthCollab LLC now owns 4,850 shares of the semiconductor company's stock valued at $50,000 after buying an additional 1,726 shares during the period. Farther Finance Advisors LLC grew its position in ASE Technology by 76.7% during the third quarter. Farther Finance Advisors LLC now owns 4,852 shares of the semiconductor company's stock valued at $54,000 after buying an additional 2,106 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in ASE Technology by 537.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,928 shares of the semiconductor company's stock worth $51,000 after buying an additional 4,155 shares during the last quarter. Finally, MAI Capital Management increased its holdings in ASE Technology by 2,409.6% during the second quarter. MAI Capital Management now owns 4,969 shares of the semiconductor company's stock worth $51,000 after buying an additional 4,771 shares during the last quarter. Hedge funds and other institutional investors own 6.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ASX. Zacks Research cut shares of ASE Technology from a "hold" rating to a "strong sell" rating in a research note on Thursday, January 1st. Weiss Ratings restated a "hold (c)" rating on shares of ASE Technology in a research note on Wednesday, January 21st. Finally, Wall Street Zen raised shares of ASE Technology from a "hold" rating to a "buy" rating in a report on Sunday. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold".

ASE Technology Price Performance

Shares of NYSE:ASX opened at $21.55 on Tuesday. The firm has a market capitalization of $47.79 billion, a PE ratio of 37.15, a P/E/G ratio of 0.89 and a beta of 1.41. The company has a quick ratio of 1.00, a current ratio of 1.28 and a debt-to-equity ratio of 0.57. The company has a 50-day moving average price of $21.08 and a two-hundred day moving average price of $16.18. ASE Technology Holding Co., Ltd. has a twelve month low of $6.94 and a twelve month high of $25.28.

ASE Technology (NYSE:ASX - Get Free Report) last posted its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.09). ASE Technology had a net margin of 6.31% and a return on equity of 12.00%. The business had revenue of $5.67 billion during the quarter, compared to the consensus estimate of $5.47 billion. Equities analysts forecast that ASE Technology Holding Co., Ltd. will post 0.76 EPS for the current year.

About ASE Technology

ASE Technology Holding Co, Ltd. NYSE: ASX, commonly referred to as ASE, is a Taiwan-based provider of semiconductor assembly and testing services. The company focuses on back-end semiconductor manufacturing and related services that prepare integrated circuits and other semiconductor devices for final use. Its core activities include advanced IC packaging, final testing, wafer probing, and related engineering and supply-chain support for semiconductor customers.

ASE offers a range of products and technical capabilities designed to meet increasingly complex packaging and system-in-package requirements.

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.