Diversify Advisory Services LLC raised its stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) by 481.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 48,703 shares of the semiconductor company's stock after buying an additional 40,333 shares during the quarter. Diversify Advisory Services LLC's holdings in ASE Technology were worth $2,040,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the stock. Ninety One UK Ltd boosted its position in ASE Technology by 591.1% during the third quarter. Ninety One UK Ltd now owns 688,777 shares of the semiconductor company's stock worth $30,623,000 after acquiring an additional 589,119 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in ASE Technology in the 1st quarter valued at $10,436,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in ASE Technology in the 1st quarter valued at $8,932,000. Nykredit A S purchased a new position in shares of ASE Technology during the 2nd quarter worth $14,247,000. Finally, Hsbc Holdings PLC lifted its stake in shares of ASE Technology by 17.3% during the 4th quarter. Hsbc Holdings PLC now owns 1,873,784 shares of the semiconductor company's stock worth $30,147,000 after purchasing an additional 276,926 shares during the period. Hedge funds and other institutional investors own 6.80% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on ASX. Zacks Research upgraded ASE Technology from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, September 22nd. Wall Street Zen downgraded shares of ASE Technology from a "buy" rating to a "hold" rating in a research note on Saturday, September 19th. Finally, Weiss Ratings upgraded shares of ASE Technology from a "hold (c+)" rating to a "buy (b)" rating in a report on Friday, October 9th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy".
Get Our Latest Stock Report on ASX
ASE Technology Trading Up 2.5%
NYSE:ASX opened at $38.67 on Friday. The stock has a market cap of $86.44 billion, a price-to-earnings ratio of 44.96 and a beta of 1.66. ASE Technology Holding Co., Ltd. has a one year low of $12.90 and a one year high of $47.93. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.81 and a current ratio of 1.07. The business's 50-day simple moving average is $41.00 and its 200 day simple moving average is $37.64.
ASE Technology (NYSE:ASX - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $0.29 EPS for the quarter, topping analysts' consensus estimates of $0.23 by $0.06. The business had revenue of $81.66 million during the quarter, compared to the consensus estimate of $5.96 billion. ASE Technology had a return on equity of 16.12% and a net margin of 8.52%. As a group, sell-side analysts predict that ASE Technology Holding Co., Ltd. will post 1.26 earnings per share for the current fiscal year.
ASE Technology Profile
(
Free Report)
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.
See Also
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