Rhumbline Advisers Cuts Stake in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Rhumbline Advisers decreased its position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) by 19.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 651,669 shares of the semiconductor company's stock after selling 154,095 shares during the quarter. Rhumbline Advisers' holdings in ASE Technology were worth $5,709,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. TIAA Trust National Association increased its holdings in ASE Technology by 7.6% in the 4th quarter. TIAA Trust National Association now owns 14,846 shares of the semiconductor company's stock worth $149,000 after purchasing an additional 1,054 shares in the last quarter. Allworth Financial LP raised its stake in shares of ASE Technology by 42.5% during the fourth quarter. Allworth Financial LP now owns 3,700 shares of the semiconductor company's stock valued at $41,000 after acquiring an additional 1,104 shares during the last quarter. Franklin Resources Inc. increased its holdings in ASE Technology by 9.1% in the fourth quarter. Franklin Resources Inc. now owns 15,526 shares of the semiconductor company's stock valued at $156,000 after purchasing an additional 1,290 shares during the period. United Capital Financial Advisors LLC grew its position in shares of ASE Technology by 12.2% in the 4th quarter. United Capital Financial Advisors LLC now owns 12,298 shares of the semiconductor company's stock valued at $124,000 after buying an additional 1,338 shares during the last quarter. Finally, Sei Investments Co. raised its position in shares of ASE Technology by 0.3% during the fourth quarter. Sei Investments Co. now owns 486,170 shares of the semiconductor company's stock worth $4,896,000 after acquiring an additional 1,629 shares during the last quarter. 6.80% of the stock is currently owned by institutional investors and hedge funds.

ASE Technology Trading Down 1.7%

ASX traded down $0.18 during trading on Friday, reaching $10.06. 17,472,616 shares of the stock traded hands, compared to its average volume of 9,615,440. ASE Technology Holding Co., Ltd. has a 12 month low of $6.94 and a 12 month high of $12.86. The company has a quick ratio of 0.93, a current ratio of 1.19 and a debt-to-equity ratio of 0.40. The stock's 50-day moving average is $9.12 and its 200 day moving average is $9.73. The stock has a market capitalization of $22.20 billion, a PE ratio of 22.34, a P/E/G ratio of 0.47 and a beta of 1.23.

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 (EPS) 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 firm had revenue of $4.59 billion during the quarter, compared to the consensus estimate of $143.62 billion. Equities analysts anticipate that ASE Technology Holding Co., Ltd. will post 0.76 earnings per share 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.