Pinnacle Wealth Planning Services Inc. Trims Position in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Pinnacle Wealth Planning Services Inc. lessened its stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) by 52.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,313 shares of the semiconductor company's stock after selling 33,175 shares during the quarter. Pinnacle Wealth Planning Services Inc.'s holdings in ASE Technology were worth $305,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Fisher Asset Management LLC boosted its holdings in shares of ASE Technology by 3.3% in the fourth quarter. Fisher Asset Management LLC now owns 15,674,623 shares of the semiconductor company's stock worth $157,843,000 after buying an additional 507,008 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in ASE Technology by 36.1% in the 4th quarter. JPMorgan Chase & Co. now owns 4,861,813 shares of the semiconductor company's stock worth $48,958,000 after purchasing an additional 1,290,605 shares in the last quarter. Cullen Capital Management LLC raised its stake in ASE Technology by 0.3% during the fourth quarter. Cullen Capital Management LLC now owns 4,424,100 shares of the semiconductor company's stock valued at $44,551,000 after purchasing an additional 14,831 shares in the last quarter. Schroder Investment Management Group raised its stake in ASE Technology by 0.3% during the fourth quarter. Schroder Investment Management Group now owns 4,371,391 shares of the semiconductor company's stock valued at $44,370,000 after purchasing an additional 12,767 shares in the last quarter. Finally, Barclays PLC raised its position in shares of ASE Technology by 24.6% during the 4th quarter. Barclays PLC now owns 3,094,383 shares of the semiconductor company's stock valued at $31,160,000 after buying an additional 611,751 shares in the last quarter. Hedge funds and other institutional investors own 6.80% of the company's stock.

ASE Technology Trading Down 1.5%

ASX stock traded down $0.14 during midday trading on Friday, reaching $9.38. 13,376,169 shares of the company traded hands, compared to its average volume of 9,354,924. ASE Technology Holding Co., Ltd. has a 52-week low of $6.94 and a 52-week high of $12.86. 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 business has a 50 day moving average of $8.91 and a 200-day moving average of $9.73. The firm has a market capitalization of $20.71 billion, a price-to-earnings ratio of 20.84, a P/E/G ratio of 0.47 and a beta of 1.20.

ASE Technology (NYSE:ASX - Get Free Report) last announced 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). ASE Technology had a net margin of 5.44% and a return on equity of 9.86%. The firm had revenue of $4.59 billion during the quarter, compared to analysts' expectations of $143.62 billion. As a group, sell-side analysts expect that ASE Technology Holding Co., Ltd. will post 0.76 earnings per share 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.