Moran Wealth Management LLC Acquires 23,598 Shares of ASE Technology Holding Co., Ltd. $ASX

Key Points

• Moran Wealth Management LLC increased its holdings in ASE Technology by 4.4% in the second quarter, acquiring an additional 23,598 shares, bringing its total to 563,171 shares valued at approximately $5.8 million.
• ASE Technology's stock has seen a decline of 3.5%, with a current trading price of $11.32, amidst reported earnings of $0.11 per share, falling short of analyst expectations.
• Institutional investors own 6.80% of ASE Technology, indicating growing interest from larger investment firms in this semiconductor company.

Moran Wealth Management LLC increased its holdings in ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) by 4.4% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 563,171 shares of the semiconductor company's stock after buying an additional 23,598 shares during the quarter. Moran Wealth Management LLC's holdings in ASE Technology were worth $5,818,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ASX. Wealth Enhancement Advisory Services LLC increased its holdings in ASE Technology by 28.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 15,699 shares of the semiconductor company's stock worth $158,000 after buying an additional 3,477 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of ASE Technology by 94.6% during the 1st quarter. GAMMA Investing LLC now owns 18,525 shares of the semiconductor company's stock valued at $162,000 after purchasing an additional 9,004 shares during the period. Janney Montgomery Scott LLC grew its stake in shares of ASE Technology by 11.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 31,450 shares of the semiconductor company's stock valued at $276,000 after purchasing an additional 3,319 shares during the period. QRG Capital Management Inc. grew its stake in shares of ASE Technology by 5.2% during the 1st quarter. QRG Capital Management Inc. now owns 82,412 shares of the semiconductor company's stock valued at $722,000 after purchasing an additional 4,099 shares during the period. Finally, Inscription Capital LLC bought a new stake in shares of ASE Technology during the 1st quarter valued at about $158,000. 6.80% of the stock is currently owned by institutional investors.

ASE Technology Stock Down 3.5%

ASX stock opened at $11.32 on Wednesday. ASE Technology Holding Co., Ltd. has a twelve month low of $6.94 and a twelve month high of $11.90. The company has a quick ratio of 0.79, a current ratio of 1.02 and a debt-to-equity ratio of 0.57. The stock has a market cap of $24.98 billion, a P/E ratio of 24.07, a PEG ratio of 0.66 and a beta of 1.37. The business's 50-day moving average price is $10.73 and its 200-day moving average price is $9.97.

ASE Technology (NYSE:ASX - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The semiconductor company reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.14 by ($0.03). ASE Technology had a net margin of 5.48% and a return on equity of 10.33%. The company had revenue of $5.07 billion for the quarter, compared to analysts' expectations of $150.44 billion. On average, equities research analysts forecast that ASE Technology Holding Co., Ltd. will post 0.76 EPS for the current year.

Analyst Upgrades and Downgrades

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

ASE Technology 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.

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