GAMMA Investing LLC Has $14.22 Million Stake in ASE Technology Holding Co., Ltd. (NYSE:ASX)

GAMMA Investing LLC raised its position in ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) by 1,604.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 162,279 shares of the semiconductor company's stock after purchasing an additional 152,758 shares during the quarter. GAMMA Investing LLC's holdings in ASE Technology were worth $14,220,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Steward Partners Investment Advisory LLC raised its stake in shares of ASE Technology by 166.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,694 shares of the semiconductor company's stock valued at $37,000 after purchasing an additional 2,307 shares during the period. Allworth Financial LP raised its stake in shares of ASE Technology by 42.5% in the 4th quarter. Allworth Financial LP now owns 3,700 shares of the semiconductor company's stock valued at $41,000 after purchasing an additional 1,104 shares during the period. Whipplewood Advisors LLC acquired a new stake in shares of ASE Technology in the fourth quarter valued at about $93,000. GeoWealth Management LLC increased its position in shares of ASE Technology by 75.3% in the fourth quarter. GeoWealth Management LLC now owns 10,071 shares of the semiconductor company's stock valued at $101,000 after acquiring an additional 4,327 shares during the last quarter. Finally, Xponance Inc. acquired a new stake in shares of ASE Technology in the fourth quarter valued at about $103,000. Institutional investors and hedge funds own 6.80% of the company's stock.

ASE Technology Price Performance

NYSE:ASX opened at $9.70 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.93 and a current ratio of 1.19. The stock's 50-day simple moving average is $8.97 and its 200 day simple moving average is $9.72. The company has a market cap of $21.41 billion, a P/E ratio of 21.56, a P/E/G ratio of 0.47 and a beta of 1.23. ASE Technology Holding Co., Ltd. has a 52-week low of $6.94 and a 52-week 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 analysts' consensus estimates of $0.12 by ($0.02). The company had revenue of $4.59 billion during the quarter, compared to analyst estimates of $143.62 billion. ASE Technology had a net margin of 5.44% and a return on equity of 9.86%. As a group, sell-side 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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