Bank Pictet & Cie Europe AG Invests $1.17 Million in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Bank Pictet & Cie Europe AG purchased a new stake in ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 133,517 shares of the semiconductor company's stock, valued at approximately $1,170,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. raised its position in shares of ASE Technology by 36.1% in the 4th quarter. JPMorgan Chase & Co. now owns 4,861,813 shares of the semiconductor company's stock worth $48,958,000 after acquiring an additional 1,290,605 shares in the last quarter. GAMMA Investing LLC raised its holdings in ASE Technology by 1,604.4% in the first quarter. GAMMA Investing LLC now owns 162,279 shares of the semiconductor company's stock worth $14,220,000 after purchasing an additional 152,758 shares in the last quarter. Rhumbline Advisers lifted its position in shares of ASE Technology by 9.3% during the fourth quarter. Rhumbline Advisers now owns 805,764 shares of the semiconductor company's stock valued at $8,114,000 after buying an additional 68,654 shares during the last quarter. Y Intercept Hong Kong Ltd lifted its position in shares of ASE Technology by 28.8% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 149,965 shares of the semiconductor company's stock valued at $1,510,000 after buying an additional 33,542 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in shares of ASE Technology by 3.3% in the 4th quarter. Fisher Asset Management LLC now owns 15,674,623 shares of the semiconductor company's stock valued at $157,843,000 after buying an additional 507,008 shares in the last quarter. 6.80% of the stock is currently owned by institutional investors.

ASE Technology Stock Up 0.7%

Shares of ASX traded up $0.08 during midday trading on Thursday, hitting $10.40. 9,944,394 shares of the company's stock traded hands, compared to its average volume of 9,722,700. The stock has a market capitalization of $22.95 billion, a price-to-earnings ratio of 22.12, a price-to-earnings-growth ratio of 0.55 and a beta of 1.23. The company has a current ratio of 1.04, a quick ratio of 0.82 and a debt-to-equity ratio of 0.44. The firm's fifty day moving average is $9.32 and its 200-day moving average is $9.75. ASE Technology Holding Co., Ltd. has a 1 year low of $6.94 and a 1 year high of $12.86.

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 (EPS) 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 analyst estimates of $143.62 billion. ASE Technology had a net margin of 5.62% and a return on equity of 10.35%. As a group, sell-side analysts anticipate that ASE Technology Holding Co., Ltd. will post 0.76 earnings per share for the current 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.