Ritholtz Wealth Management Cuts Stake in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Ritholtz Wealth Management lowered its holdings in ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) by 28.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 128,618 shares of the semiconductor company's stock after selling 51,674 shares during the period. Ritholtz Wealth Management's holdings in ASE Technology were worth $1,127,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in ASX. Steward Partners Investment Advisory LLC raised its stake 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 valued at $37,000 after purchasing an additional 2,307 shares during the period. Allworth Financial LP increased its position 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 buying an additional 1,104 shares during the period. Whipplewood Advisors LLC purchased a new stake in shares of ASE Technology in the fourth quarter worth about $93,000. GeoWealth Management LLC boosted its position in shares of ASE Technology by 75.3% in 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 during the period. Finally, Xponance Inc. purchased a new position in ASE Technology during the fourth quarter valued at approximately $103,000. Hedge funds and other institutional investors own 6.80% of the company's stock.

ASE Technology Price Performance

NYSE ASX traded up $0.08 on Wednesday, hitting $10.40. The stock had a trading volume of 9,944,394 shares, compared to its average volume of 9,711,474. The firm has a 50-day moving average of $9.28 and a 200-day moving average of $9.75. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.82 and a current ratio of 1.04. 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 market capitalization of $22.95 billion, a price-to-earnings ratio of 22.12, a price-to-earnings-growth ratio of 0.55 and a beta of 1.23.

ASE Technology (NYSE:ASX - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The semiconductor company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.02). The business had revenue of $4.59 billion for the quarter, compared to the consensus estimate of $143.62 billion. ASE Technology had a net margin of 5.62% and a return on equity of 10.35%. Equities analysts expect that ASE Technology Holding Co., Ltd. will post 0.76 EPS for the current 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.