JPMorgan Chase & Co. Increases Stake in ASE Technology Holding Co., Ltd. $ASX

Key Points

• JPMorgan Chase & Co. increased its stake in ASE Technology by 55.6% in Q3, buying an additional 1,057,046 shares to hold 2,958,901 shares worth about $32.8 million (≈0.13% of the company).
• ASE reported Q results with EPS $0.11 vs. $0.20 expected (miss) while revenue was $5.67 billion (beat); the stock trades at a P/E of 36.68, market cap ~$47.2 billion, and a 12‑month range of $6.94–$25.28.

JPMorgan Chase & Co. lifted its holdings in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) by 55.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,958,901 shares of the semiconductor company's stock after purchasing an additional 1,057,046 shares during the period. JPMorgan Chase & Co. owned about 0.13% of ASE Technology worth $32,814,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. Tudor Investment Corp ET AL bought a new stake in ASE Technology in the third quarter worth $143,000. Allworth Financial LP grew its stake in shares of ASE Technology by 49.2% during the third quarter. Allworth Financial LP now owns 7,022 shares of the semiconductor company's stock valued at $78,000 after buying an additional 2,316 shares during the last quarter. Ovata Capital Management Ltd increased its holdings in shares of ASE Technology by 57.5% in the third quarter. Ovata Capital Management Ltd now owns 946,821 shares of the semiconductor company's stock worth $10,372,000 after buying an additional 345,691 shares during the period. Wilmington Savings Fund Society FSB increased its holdings in shares of ASE Technology by 12.2% in the third quarter. Wilmington Savings Fund Society FSB now owns 8,454 shares of the semiconductor company's stock worth $94,000 after buying an additional 917 shares during the period. Finally, First Affirmative Financial Network lifted its stake in shares of ASE Technology by 18.5% in the 3rd quarter. First Affirmative Financial Network now owns 40,686 shares of the semiconductor company's stock valued at $451,000 after acquiring an additional 6,342 shares during the last quarter. Hedge funds and other institutional investors own 6.80% of the company's stock.

ASE Technology Stock Performance

Shares of NYSE:ASX opened at $21.27 on Monday. The company has a current ratio of 1.28, a quick ratio of 1.00 and a debt-to-equity ratio of 0.57. The company has a 50-day moving average price of $21.41 and a 200-day moving average price of $16.51. The company has a market cap of $47.19 billion, a price-to-earnings ratio of 36.68, a price-to-earnings-growth ratio of 0.88 and a beta of 1.42. ASE Technology Holding Co., Ltd. has a 12 month low of $6.94 and a 12 month high of $25.28.

ASE Technology (NYSE:ASX - Get Free Report) last posted its earnings results on Thursday, February 5th. The semiconductor company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.09). ASE Technology had a return on equity of 12.00% and a net margin of 6.31%.The business had revenue of $5.67 billion during the quarter, compared to the consensus estimate of $5.47 billion. As a group, equities analysts anticipate that ASE Technology Holding Co., Ltd. will post 0.76 EPS for the current year.

Analyst Ratings Changes

ASX has been the subject of several analyst reports. Weiss Ratings restated a "hold (c)" rating on shares of ASE Technology in a report on Wednesday, January 21st. Wall Street Zen upgraded ASE Technology from a "hold" rating to a "buy" rating in a research report on Sunday, March 15th. Finally, Zacks Research lowered ASE Technology from a "hold" rating to a "strong sell" rating in a research note on Thursday, January 1st. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold".

About ASE Technology

ASE Technology Holding Co, Ltd. NYSE: ASX, commonly referred to as ASE, is a Taiwan-based provider of semiconductor assembly and testing services. The company focuses on back-end semiconductor manufacturing and related services that prepare integrated circuits and other semiconductor devices for final use. Its core activities include advanced IC packaging, final testing, wafer probing, and related engineering and supply-chain support for semiconductor customers.

ASE offers a range of products and technical capabilities designed to meet increasingly complex packaging and system-in-package requirements.

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