Callan Family Office LLC Purchases Shares of 39,487 ASE Technology Holding Co., Ltd. $ASX

Key Points

• Callan Family Office LLC has acquired a new stake in ASE Technology Holding Co., Ltd., purchasing 39,487 shares valued at approximately $408,000 during the second quarter.
• Several hedge funds have increased their holdings in ASE Technology, with Farther Finance Advisors raising its position by 154.3% in the same quarter.
• Analysts maintain a "hold" rating on ASE Technology, with shares currently priced around $11.97 and projected EPS for the current fiscal year at 0.76.

Callan Family Office LLC purchased a new stake in ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 39,487 shares of the semiconductor company's stock, valued at approximately $408,000.

Other hedge funds also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its position in ASE Technology by 154.3% in the 2nd quarter. Farther Finance Advisors LLC now owns 2,746 shares of the semiconductor company's stock valued at $28,000 after purchasing an additional 1,666 shares in the last quarter. Golden State Wealth Management LLC raised its position in ASE Technology by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 3,590 shares of the semiconductor company's stock valued at $31,000 after purchasing an additional 1,795 shares in the last quarter. TT International Asset Management LTD acquired a new stake in ASE Technology in the 1st quarter valued at about $39,000. Brooklyn Investment Group raised its position in ASE Technology by 1,084.2% in the 1st quarter. Brooklyn Investment Group now owns 7,650 shares of the semiconductor company's stock valued at $67,000 after purchasing an additional 7,004 shares in the last quarter. Finally, SVB Wealth LLC acquired a new stake in ASE Technology in the 1st quarter valued at about $68,000. Institutional investors and hedge funds own 6.80% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a "hold (c)" rating on shares of ASE Technology in a research report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Hold".

ASE Technology Price Performance

Shares of NYSE ASX opened at $11.97 on Thursday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.79 and a current ratio of 1.02. ASE Technology Holding Co., Ltd. has a fifty-two week low of $6.94 and a fifty-two week high of $11.98. The firm has a market capitalization of $26.41 billion, a PE ratio of 25.46, a price-to-earnings-growth ratio of 0.63 and a beta of 1.37. The stock's 50-day simple moving average is $10.77 and its 200-day simple moving average is $9.98.

ASE Technology (NYSE:ASX - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The semiconductor company reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.14 by ($0.03). The firm had revenue of $5.07 billion for the quarter, compared to analysts' expectations of $150.44 billion. ASE Technology had a return on equity of 10.33% and a net margin of 5.48%. As a group, equities research analysts forecast 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.

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