Bank Pictet & Cie Europe AG Takes Position in ASE Technology Holding Co., Ltd. (NYSE:ASX)

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

A number of other hedge funds have also modified their holdings of the company. Steward Partners Investment Advisory LLC grew its holdings in 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 acquiring an additional 2,307 shares during the period. Allworth Financial LP grew its holdings in ASE Technology by 42.5% during the fourth quarter. Allworth Financial LP now owns 3,700 shares of the semiconductor company's stock worth $41,000 after acquiring an additional 1,104 shares during the period. Whipplewood Advisors LLC acquired a new stake in ASE Technology during the fourth quarter worth about $93,000. CogentBlue Wealth Advisors LLC acquired a new stake in ASE Technology during the first quarter worth about $96,000. Finally, GeoWealth Management LLC grew its holdings in ASE Technology by 75.3% during the fourth quarter. GeoWealth Management LLC now owns 10,071 shares of the semiconductor company's stock worth $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 Stock Performance

Shares of ASX stock opened at $10.06 on Monday. The company has a market capitalization of $22.20 billion, a P/E ratio of 22.34, a P/E/G ratio of 0.47 and a beta of 1.23. The business's 50 day moving average is $9.18 and its two-hundred day moving average is $9.74. The company has a current ratio of 1.19, a quick ratio of 0.93 and a debt-to-equity ratio of 0.40. ASE Technology Holding Co., Ltd. has a 12-month low of $6.94 and a 12-month high of $12.86.

ASE Technology (NYSE:ASX - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The semiconductor company reported $0.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by ($0.02). The business had revenue of $4.59 billion for 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%. Analysts expect that ASE Technology Holding Co., Ltd. will post 0.76 EPS for the current fiscal year.

ASE Technology Company 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.

Want to see what other hedge funds are holding ASX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.