Pinnacle Wealth Planning Services Inc. Decreases Stock Holdings in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Pinnacle Wealth Planning Services Inc. decreased its position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) by 52.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 30,313 shares of the semiconductor company's stock after selling 33,175 shares during the period. Pinnacle Wealth Planning Services Inc.'s holdings in ASE Technology were worth $305,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ASX. Steward Partners Investment Advisory LLC grew its holdings 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 worth $37,000 after acquiring an additional 2,307 shares during the period. Allworth Financial LP grew its stake in shares of ASE Technology by 42.5% in the 4th 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 last quarter. R Squared Ltd purchased a new stake in shares of ASE Technology in the 4th quarter worth approximately $51,000. Whipplewood Advisors LLC purchased a new stake in shares of ASE Technology in the 4th quarter worth approximately $93,000. Finally, GeoWealth Management LLC grew its stake in shares of 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 buying an additional 4,327 shares during the last quarter. Hedge funds and other institutional investors own 6.80% of the company's stock.

ASE Technology Stock Down 1.5%

Shares of ASE Technology stock traded down $0.14 during midday trading on Friday, hitting $9.38. The company had a trading volume of 13,376,169 shares, compared to its average volume of 9,333,555. The stock has a market capitalization of $20.71 billion, a P/E ratio of 20.84, a P/E/G ratio of 0.47 and a beta of 1.20. 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 52-week low of $6.94 and a 52-week high of $12.86. The company has a 50 day moving average of $8.92 and a 200 day moving average of $9.73.

ASE Technology (NYSE:ASX - Get Free Report) last issued its earnings results on Wednesday, April 30th. The semiconductor company reported $0.10 earnings per share for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $143.62 billion. On average, equities analysts predict that ASE Technology Holding Co., Ltd. will post 0.76 earnings per share for the current fiscal 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.