ASE Technology Holding Co., Ltd. (NYSE:ASX) Shares Acquired by Northern Trust Corp

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

Several other hedge funds have also recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC increased its position in shares of ASE Technology by 166.3% during 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 last quarter. Allworth Financial LP raised its stake in shares of ASE Technology by 42.5% in the fourth quarter. Allworth Financial LP now owns 3,700 shares of the semiconductor company's stock worth $41,000 after buying an additional 1,104 shares during the period. R Squared Ltd purchased a new position in shares of ASE Technology during the 4th quarter valued at about $51,000. Whipplewood Advisors LLC bought a new position in shares of ASE Technology during the 4th quarter valued at approximately $93,000. Finally, GeoWealth Management LLC increased its holdings in ASE Technology by 75.3% in the 4th quarter. GeoWealth Management LLC now owns 10,071 shares of the semiconductor company's stock worth $101,000 after acquiring an additional 4,327 shares in the last quarter. 6.80% of the stock is owned by hedge funds and other institutional investors.

ASE Technology Price Performance

Shares of ASX traded down $0.22 during mid-day trading on Friday, reaching $9.67. The stock had a trading volume of 16,241,731 shares, compared to its average volume of 9,202,167. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.93 and a current ratio of 1.19. ASE Technology Holding Co., Ltd. has a 12 month low of $6.94 and a 12 month high of $12.86. The business has a fifty day moving average of $8.93 and a 200 day moving average of $9.73. The firm has a market cap of $21.34 billion, a price-to-earnings ratio of 21.48, a PEG ratio of 0.47 and a beta of 1.20.

ASE Technology (NYSE:ASX - Get Free Report) last posted its earnings results on Wednesday, April 30th. The semiconductor company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.02). The company had revenue of $4.59 billion for the quarter, compared to analysts' expectations of $143.62 billion. ASE Technology had a net margin of 5.44% and a return on equity of 9.86%. Equities analysts predict that ASE Technology Holding Co., Ltd. will post 0.76 EPS for the current year.

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.