QRG Capital Management Inc. Has $488,000 Position in ASE Technology Holding Co., Ltd. $ASX

Key Points

• QRG Capital Management Inc. has reduced its stake in ASE Technology Holding Co., Ltd. by 42.7%, owning 47,197 shares valued at $488,000 after selling 35,215 shares in the second quarter.
• Other hedge funds have increased their positions, with GAMMA Investing LLC raising its holdings by 94.6% to 18,525 shares while Allspring Global Investments Holdings LLC boosted theirs by 55.3% to 177,024 shares.
• ASE Technology reported earnings of $0.11 per share in its last quarterly results, missing the consensus estimate of $0.14, and has a market capitalization of $24.49 billion.

QRG Capital Management Inc. lowered its position in ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) by 42.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 47,197 shares of the semiconductor company's stock after selling 35,215 shares during the period. QRG Capital Management Inc.'s holdings in ASE Technology were worth $488,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in ASE Technology by 94.6% in the first quarter. GAMMA Investing LLC now owns 18,525 shares of the semiconductor company's stock worth $162,000 after buying an additional 9,004 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in ASE Technology by 55.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 177,024 shares of the semiconductor company's stock worth $1,591,000 after buying an additional 63,011 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in ASE Technology by 11.8% in the first quarter. Janney Montgomery Scott LLC now owns 31,450 shares of the semiconductor company's stock worth $276,000 after buying an additional 3,319 shares during the last quarter. OLD Mission Capital LLC acquired a new position in ASE Technology in the first quarter worth approximately $583,000. Finally, Cerity Partners LLC boosted its position in ASE Technology by 107.3% during the first quarter. Cerity Partners LLC now owns 271,246 shares of the semiconductor company's stock worth $2,376,000 after purchasing an additional 140,413 shares during the period. Institutional investors and hedge funds own 6.80% of the company's stock.

ASE Technology Stock Down 5.3%

ASX opened at $11.10 on Friday. ASE Technology Holding Co., Ltd. has a 1-year low of $6.94 and a 1-year high of $11.90. The company has a current ratio of 1.02, a quick ratio of 0.79 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $24.49 billion, a price-to-earnings ratio of 23.61, a P/E/G ratio of 0.66 and a beta of 1.37. The business has a 50 day moving average of $10.66 and a 200-day moving average of $9.93.

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 the consensus estimate of $0.14 by ($0.03). ASE Technology had a net margin of 5.48% and a return on equity of 10.33%. The business had revenue of $5.07 billion during the quarter, compared to the consensus estimate of $150.44 billion. As a group, sell-side analysts anticipate that ASE Technology Holding Co., Ltd. will post 0.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a "hold (c)" rating on shares of ASE Technology in a research report on Wednesday. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy".

About ASE Technology

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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