Cetera Investment Advisers Sells 39,564 Shares of ASE Technology Holding Co., Ltd. (NYSE:ASX)

Cetera Investment Advisers reduced its stake in ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) by 58.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,558 shares of the semiconductor company's stock after selling 39,564 shares during the quarter. Cetera Investment Advisers' holdings in ASE Technology were worth $278,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of ASX. Steward Partners Investment Advisory LLC lifted its position in shares of ASE Technology by 166.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,694 shares of the semiconductor company's stock worth $37,000 after purchasing an additional 2,307 shares in the last quarter. Allworth Financial LP raised its position in shares of ASE Technology by 42.5% during the 4th 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 period. R Squared Ltd bought a new stake in ASE Technology in the fourth quarter valued at $51,000. Whipplewood Advisors LLC bought a new position in ASE Technology in the 4th quarter worth about $93,000. Finally, GeoWealth Management LLC increased its position in ASE Technology by 75.3% in the 4th quarter. GeoWealth Management LLC now owns 10,071 shares of the semiconductor company's stock valued at $101,000 after acquiring an additional 4,327 shares during the period. 6.80% of the stock is owned by institutional investors and hedge funds.

ASE Technology Price Performance

Shares of NYSE ASX traded up $0.20 during mid-day trading on Wednesday, reaching $9.68. 10,574,764 shares of the company traded hands, compared to its average volume of 9,415,928. ASE Technology Holding Co., Ltd. has a fifty-two week low of $6.94 and a fifty-two 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 stock has a fifty day simple moving average of $8.93 and a 200-day simple moving average of $9.73. The firm has a market cap of $21.37 billion, a PE ratio of 21.51, a price-to-earnings-growth ratio of 0.47 and a beta of 1.20.

ASE Technology (NYSE:ASX - Get Free Report) last released its earnings results on Wednesday, April 30th. The semiconductor company reported $0.10 earnings per share for the quarter, missing the consensus estimate 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 return on equity of 9.86% and a net margin of 5.44%. Equities research analysts anticipate that ASE Technology Holding Co., Ltd. will post 0.76 EPS for the current fiscal 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.