ASE Technology Holding Co., Ltd. (NYSE:ASX) Shares Sold by Summit Global Investments

Summit Global Investments decreased its position in ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) by 67.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,197 shares of the semiconductor company's stock after selling 107,868 shares during the period. Summit Global Investments' holdings in ASE Technology were worth $448,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in ASX. Steward Partners Investment Advisory LLC grew its stake in shares of ASE Technology by 166.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,694 shares of the semiconductor company's stock valued at $37,000 after buying 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 valued at $41,000 after buying an additional 1,104 shares during the period. R Squared Ltd purchased a new stake in shares of ASE Technology in the 4th quarter valued at approximately $51,000. Whipplewood Advisors LLC purchased a new stake in shares of ASE Technology in the 4th quarter valued at 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 valued at $101,000 after buying an additional 4,327 shares during the period. Hedge funds and other institutional investors own 6.80% of the company's stock.

ASE Technology Trading Down 0.5%

Shares of NYSE:ASX traded down $0.05 during mid-day trading on Thursday, reaching $9.62. 14,809,827 shares of the company were exchanged, compared to its average volume of 9,442,334. 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 firm has a market cap of $21.24 billion, a price-to-earnings ratio of 21.39, a P/E/G ratio of 0.47 and a beta of 1.20. The firm's 50-day simple moving average is $8.95 and its 200 day simple moving average is $9.73. 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 posted its quarterly earnings data 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). The company had revenue of $4.59 billion for the quarter, compared to analysts' expectations of $143.62 billion. ASE Technology had a return on equity of 9.86% and a net margin of 5.44%. Equities research analysts forecast that ASE Technology Holding Co., Ltd. will post 0.76 EPS 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.