Arrowpoint Investment Partners Singapore Pte. Ltd. Invests $388,000 in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Arrowpoint Investment Partners Singapore Pte. Ltd. bought a new stake in ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 38,570 shares of the semiconductor company's stock, valued at approximately $388,000.

A number of other large investors have also recently bought and sold shares of ASX. JPMorgan Chase & Co. boosted its holdings in shares of ASE Technology by 36.1% in the 4th quarter. JPMorgan Chase & Co. now owns 4,861,813 shares of the semiconductor company's stock valued at $48,958,000 after acquiring an additional 1,290,605 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of ASE Technology during the fourth quarter worth $710,000. Y Intercept Hong Kong Ltd lifted its position in ASE Technology by 28.8% during 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 period. 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 boosted its holdings in ASE Technology by 3.3% in 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 purchasing an additional 507,008 shares during the last quarter. Hedge funds and other institutional investors own 6.80% of the company's stock.

ASE Technology Stock Performance

Shares of ASX stock opened at $9.91 on Wednesday. ASE Technology Holding Co., Ltd. has a 52-week low of $6.94 and a 52-week high of $12.86. The company has a quick ratio of 0.93, a current ratio of 1.19 and a debt-to-equity ratio of 0.40. The stock has a market cap of $21.88 billion, a PE ratio of 22.02, a price-to-earnings-growth ratio of 0.47 and a beta of 1.20. The business has a 50-day simple moving average of $8.93 and a 200-day simple moving average of $9.73.

ASE Technology (NYSE:ASX - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The semiconductor company reported $0.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 analyst estimates of $143.62 billion. On average, equities analysts expect that ASE Technology Holding Co., Ltd. will post 0.76 EPS for the current year.

About ASE Technology

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.

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