ASE Technology Holding Co., Ltd. $ASX Shares Purchased by TT International Asset Management LTD

Key Points

• TT International Asset Management LTD increased its stake in ASE by 69.8% in Q4 to 1,236,070 shares, adding 508,291 shares and valuing its position at about $19.84 million.
• ASE trades near $24.82 with a market cap of $55.06 billion, a P/E of 42.8 and a 52-week range of $7.86–$25.33; the company reported quarterly EPS of $0.21 (beat) while revenue missed at $5.22 billion.
• Analyst sentiment is mixed but leans neutral with a consensus rating of Hold, though one research firm recently upgraded the stock to a Buy.

TT International Asset Management LTD grew its stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) by 69.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,236,070 shares of the semiconductor company's stock after acquiring an additional 508,291 shares during the period. ASE Technology comprises about 4.2% of TT International Asset Management LTD's holdings, making the stock its 11th biggest position. TT International Asset Management LTD owned about 0.06% of ASE Technology worth $19,843,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Ritholtz Wealth Management lifted its position in shares of ASE Technology by 2.5% during the 4th quarter. Ritholtz Wealth Management now owns 42,953 shares of the semiconductor company's stock valued at $692,000 after acquiring an additional 1,046 shares during the period. Venturi Wealth Management LLC acquired a new stake in shares of ASE Technology during the 4th quarter valued at approximately $226,000. Greenleaf Trust lifted its position in shares of ASE Technology by 12.1% during the 4th quarter. Greenleaf Trust now owns 13,246 shares of the semiconductor company's stock valued at $213,000 after acquiring an additional 1,435 shares during the period. Aaron Wealth Advisors LLC lifted its position in shares of ASE Technology by 11.2% during the 4th quarter. Aaron Wealth Advisors LLC now owns 31,507 shares of the semiconductor company's stock valued at $507,000 after acquiring an additional 3,181 shares during the period. Finally, Ascent Group LLC lifted its position in shares of ASE Technology by 7.8% during the 4th quarter. Ascent Group LLC now owns 14,093 shares of the semiconductor company's stock valued at $227,000 after acquiring an additional 1,019 shares during the period. 6.80% of the stock is currently owned by institutional investors and hedge funds.

ASE Technology Stock Up 1.3%

Shares of ASX opened at $24.82 on Friday. The firm has a market cap of $55.06 billion, a PE ratio of 42.80, a price-to-earnings-growth ratio of 1.03 and a beta of 1.46. The company's fifty day moving average is $22.35 and its two-hundred day moving average is $17.64. ASE Technology Holding Co., Ltd. has a fifty-two week low of $7.86 and a fifty-two week high of $25.33. The company has a quick ratio of 1.00, a current ratio of 1.26 and a debt-to-equity ratio of 0.58.

ASE Technology (NYSE:ASX - Get Free Report) last posted its earnings results on Thursday, February 5th. The semiconductor company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.01. The business had revenue of $5.22 billion for the quarter, compared to analyst estimates of $5.47 billion. ASE Technology had a net margin of 6.31% and a return on equity of 12.06%. Analysts forecast that ASE Technology Holding Co., Ltd. will post 0.76 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ASX. Wall Street Zen upgraded shares of ASE Technology from a "hold" rating to a "buy" rating in a research report on Sunday, April 5th. Weiss Ratings reissued a "hold (c)" rating on shares of ASE Technology in a research note on Wednesday, January 21st. Finally, Zacks Research raised shares of ASE Technology from a "strong sell" rating to a "hold" rating in a research note on Monday, April 6th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold".

ASE Technology Company Profile

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.

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