ASE Technology Holding Co., Ltd. (NYSE:ASX) Shares Sold by Rhumbline Advisers

Rhumbline Advisers trimmed its position in ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) by 19.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund 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 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Steward Partners Investment Advisory LLC raised its stake in shares of ASE Technology by 166.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,694 shares of the semiconductor company's stock worth $37,000 after purchasing an additional 2,307 shares during the last quarter. Allworth Financial LP grew its holdings in ASE Technology by 42.5% during the fourth quarter. Allworth Financial LP now owns 3,700 shares of the semiconductor company's stock worth $41,000 after acquiring an additional 1,104 shares during the period. Whipplewood Advisors LLC purchased a new position in ASE Technology during the fourth quarter valued at approximately $93,000. GeoWealth Management LLC raised its position in ASE Technology by 75.3% during the fourth quarter. GeoWealth Management LLC now owns 10,071 shares of the semiconductor company's stock valued at $101,000 after acquiring an additional 4,327 shares in the last quarter. Finally, Xponance Inc. purchased a new position in ASE Technology during the fourth quarter valued at approximately $103,000. 6.80% of the stock is currently owned by hedge funds and other institutional investors.

ASE Technology Stock Performance

ASX stock traded up $0.31 during trading on Monday, hitting $10.36. 13,364,317 shares of the company traded hands, compared to its average volume of 9,670,588. The stock's 50-day simple moving average is $9.24 and its 200 day simple moving average is $9.74. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.19 and a quick ratio of 0.93. The company has a market cap of $22.86 billion, a PE ratio of 23.01, a P/E/G ratio of 0.47 and a beta of 1.23. ASE Technology Holding Co., Ltd. has a 1 year low of $6.94 and a 1 year high of $12.86.

ASE Technology (NYSE:ASX - Get Free Report) last announced its quarterly 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%. On average, equities analysts expect that ASE Technology Holding Co., Ltd. will post 0.76 earnings per share for the current fiscal year.

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.