Northern Trust Corp Increases Stock Position in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Northern Trust Corp raised its stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) by 17.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 721,474 shares of the semiconductor company's stock after purchasing an additional 107,172 shares during the quarter. Northern Trust Corp's holdings in ASE Technology were worth $7,265,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. OneDigital Investment Advisors LLC lifted its holdings in shares of ASE Technology by 34.7% during the 4th quarter. OneDigital Investment Advisors LLC now owns 23,156 shares of the semiconductor company's stock worth $233,000 after acquiring an additional 5,963 shares during the last quarter. Tower Research Capital LLC TRC purchased a new stake in ASE Technology during the fourth quarter valued at about $426,000. Mirabella Financial Services LLP bought a new stake in ASE Technology during the fourth quarter worth about $6,780,000. Dimensional Fund Advisors LP boosted its holdings in shares of ASE Technology by 52.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 470,841 shares of the semiconductor company's stock worth $4,741,000 after purchasing an additional 162,241 shares in the last quarter. Finally, First Trust Advisors LP purchased a new position in shares of ASE Technology in the 4th quarter worth about $1,250,000. Hedge funds and other institutional investors own 6.80% of the company's stock.

ASE Technology Stock Performance

Shares of NYSE ASX opened at $9.87 on Tuesday. The stock's 50-day moving average is $8.92 and its 200 day moving average is $9.73. The stock has a market cap of $21.79 billion, a price-to-earnings ratio of 21.93, a P/E/G ratio of 0.47 and a beta of 1.20. ASE Technology Holding Co., Ltd. has a 1-year low of $6.94 and a 1-year high of $12.86. 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 (NYSE:ASX - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The semiconductor company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.02). ASE Technology had a return on equity of 9.86% and a net margin of 5.44%. The business had revenue of $4.59 billion for the quarter, compared to analysts' expectations of $143.62 billion. On average, sell-side analysts anticipate 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.