Ballentine Partners LLC Grows Position in ASE Technology Holding Co., Ltd. $ASX

Key Points

• Ballentine Partners LLC increased its holdings in ASE Technology by 66.1% during the second quarter, bringing its total shares to 114,071, with a valuation of approximately $1.18 million.
• Institutional investors collectively own 6.80% of ASE Technology, with multiple investors, including Legacy Financial Advisors and Choreo LLC, increasing their stakes in the company during the first quarter.
• ASE Technology's shares opened at $11.46, with a reported EPS of $0.11 for the last quarter, falling short of the analysts' expectations of $0.14.

Ballentine Partners LLC grew its position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) by 66.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 114,071 shares of the semiconductor company's stock after acquiring an additional 45,402 shares during the quarter. Ballentine Partners LLC's holdings in ASE Technology were worth $1,178,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Legacy Financial Advisors Inc. boosted its holdings in ASE Technology by 5.3% during the first quarter. Legacy Financial Advisors Inc. now owns 20,611 shares of the semiconductor company's stock worth $181,000 after purchasing an additional 1,042 shares during the last quarter. Choreo LLC boosted its stake in shares of ASE Technology by 10.7% in the 1st quarter. Choreo LLC now owns 11,520 shares of the semiconductor company's stock worth $101,000 after buying an additional 1,113 shares during the last quarter. CW Advisors LLC grew its holdings in shares of ASE Technology by 5.0% in the first quarter. CW Advisors LLC now owns 27,449 shares of the semiconductor company's stock valued at $240,000 after acquiring an additional 1,301 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of ASE Technology by 14.9% during the first quarter. Russell Investments Group Ltd. now owns 10,506 shares of the semiconductor company's stock valued at $92,000 after acquiring an additional 1,365 shares during the last quarter. Finally, Leo Wealth LLC lifted its holdings in ASE Technology by 12.0% during the first quarter. Leo Wealth LLC now owns 13,127 shares of the semiconductor company's stock worth $115,000 after acquiring an additional 1,409 shares during the period. Institutional investors own 6.80% of the company's stock.

ASE Technology Stock Down 0.7%

Shares of NYSE:ASX opened at $11.46 on Friday. ASE Technology Holding Co., Ltd. has a 1 year low of $6.94 and a 1 year high of $11.84. The company has a market capitalization of $25.29 billion, a PE ratio of 24.37, a price-to-earnings-growth ratio of 0.65 and a beta of 1.34. The business has a fifty day moving average price of $10.45 and a two-hundred day moving average price of $9.81. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.02 and a quick ratio of 0.79.

ASE Technology (NYSE:ASX - Get Free Report) last released its earnings results on Thursday, July 31st. The semiconductor company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.14 by ($0.03). The business had revenue of $5.07 billion for the quarter, compared to the consensus estimate of $150.44 billion. ASE Technology had a return on equity of 10.33% and a net margin of 5.48%. Analysts forecast that ASE Technology Holding Co., Ltd. will post 0.76 earnings per share for the current 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.

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