B. Metzler seel. Sohn & Co. AG Sells 105,114 Shares of ASE Technology Holding Co., Ltd. $ASX

Key Points

• B. Metzler seel. Sohn & Co. AG sold 105,114 shares of ASE Technology, trimming its stake by 80.8% to 24,986 shares valued at about $402,000 at quarter-end.
• At the same time, several large institutions — including Rafferty, Schroder, Millennium, Bank of America and JPMorgan — materially increased their ASE positions, while overall institutional ownership stands at 6.80%.
• ASE opened at $30.83 (down 3.7%), has a market cap of $68.54B and a P/E of 53.15; it reported quarterly EPS of $0.21 (vs. $0.20 est.) with revenue below expectations, and the consensus analyst rating remains a Hold (one Buy, two Hold).

B. Metzler seel. Sohn & Co. AG trimmed its holdings in ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) by 80.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 24,986 shares of the semiconductor company's stock after selling 105,114 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in ASE Technology were worth $402,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ASX. Rafferty Asset Management LLC raised its holdings in ASE Technology by 50.9% during the 2nd quarter. Rafferty Asset Management LLC now owns 7,392,190 shares of the semiconductor company's stock valued at $76,361,000 after buying an additional 2,491,918 shares during the last quarter. Schroder Investment Management Group raised its holdings in ASE Technology by 38.4% during the 3rd quarter. Schroder Investment Management Group now owns 7,258,450 shares of the semiconductor company's stock valued at $80,787,000 after buying an additional 2,012,970 shares during the last quarter. Millennium Management LLC raised its holdings in ASE Technology by 130.8% during the 3rd quarter. Millennium Management LLC now owns 3,169,267 shares of the semiconductor company's stock valued at $35,147,000 after buying an additional 1,796,357 shares during the last quarter. Bank of America Corp DE raised its holdings in ASE Technology by 18.8% during the 2nd quarter. Bank of America Corp DE now owns 8,815,184 shares of the semiconductor company's stock valued at $91,061,000 after buying an additional 1,397,206 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in ASE Technology by 55.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,958,901 shares of the semiconductor company's stock valued at $32,814,000 after buying an additional 1,057,046 shares during the last quarter. 6.80% of the stock is currently owned by institutional investors.

ASE Technology Trading Down 3.7%

NYSE:ASX opened at $30.83 on Tuesday. The company has a 50-day moving average price of $23.96 and a 200-day moving average price of $19.05. The stock has a market cap of $68.54 billion, a price-to-earnings ratio of 53.15, a P/E/G ratio of 1.33 and a beta of 1.46. The company has a current ratio of 1.26, a quick ratio of 1.00 and a debt-to-equity ratio of 0.58. ASE Technology Holding Co., Ltd. has a 12 month low of $8.46 and a 12 month high of $32.31.

ASE Technology (NYSE:ASX - Get Free Report) last announced its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.01. ASE Technology had a net margin of 6.31% and a return on equity of 12.06%. The company had revenue of $5.22 billion for the quarter, compared to analysts' expectations of $5.47 billion. Equities analysts predict that ASE Technology Holding Co., Ltd. will post 0.77 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on ASX shares. Wall Street Zen upgraded shares of ASE Technology from a "hold" rating to a "buy" rating in a report on Sunday, April 5th. Zacks Research upgraded shares of ASE Technology from a "strong sell" rating to a "hold" rating in a report on Monday, April 6th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of ASE Technology in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold".

ASE Technology 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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