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

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

A number of other hedge funds also recently added to or reduced their stakes in ASX. Steward Partners Investment Advisory LLC grew its stake in ASE Technology by 166.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,694 shares of the semiconductor company's stock valued at $37,000 after purchasing an additional 2,307 shares during the last quarter. Allworth Financial LP raised its holdings in shares of ASE Technology by 42.5% during the fourth quarter. Allworth Financial LP now owns 3,700 shares of the semiconductor company's stock worth $41,000 after purchasing an additional 1,104 shares during the last quarter. R Squared Ltd purchased a new stake in shares of ASE Technology in the fourth quarter worth about $51,000. Whipplewood Advisors LLC purchased a new position in ASE Technology in the fourth quarter valued at $93,000. Finally, GeoWealth Management LLC raised its stake 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 buying an additional 4,327 shares during the period. 6.80% of the stock is owned by hedge funds and other institutional investors.

ASE Technology Trading Down 2.2%

ASE Technology stock traded down $0.22 during trading on Monday, reaching $9.67. 16,241,731 shares of the company were exchanged, compared to its average volume of 9,202,167. 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 debt-to-equity ratio of 0.40, a current ratio of 1.19 and a quick ratio of 0.93. The company has a market capitalization of $21.34 billion, a P/E ratio of 21.48, a PEG ratio of 0.47 and a beta of 1.20. The stock's 50 day simple moving average is $8.93 and its two-hundred day simple moving average is $9.73.

ASE Technology (NYSE:ASX - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The semiconductor company reported $0.10 EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.02). The firm had revenue of $4.59 billion during the quarter, compared to analysts' expectations of $143.62 billion. ASE Technology had a net margin of 5.44% and a return on equity of 9.86%. On average, equities research 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.