Two Sigma Advisers LP Trims Holdings in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Two Sigma Advisers LP reduced its holdings in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) by 12.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 239,600 shares of the semiconductor company's stock after selling 33,100 shares during the period. Two Sigma Advisers LP's holdings in ASE Technology were worth $2,413,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. TIAA Trust National Association grew its holdings in ASE Technology by 7.6% during the 4th quarter. TIAA Trust National Association now owns 14,846 shares of the semiconductor company's stock worth $149,000 after acquiring an additional 1,054 shares in the last quarter. Allworth Financial LP grew its holdings in ASE Technology by 42.5% during the 4th 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 in the last quarter. Franklin Resources Inc. grew its holdings in ASE Technology by 9.1% during the 4th quarter. Franklin Resources Inc. now owns 15,526 shares of the semiconductor company's stock worth $156,000 after acquiring an additional 1,290 shares in the last quarter. United Capital Financial Advisors LLC grew its holdings in ASE Technology by 12.2% during the 4th quarter. United Capital Financial Advisors LLC now owns 12,298 shares of the semiconductor company's stock worth $124,000 after acquiring an additional 1,338 shares in the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of ASE Technology by 0.3% in the 4th quarter. Sei Investments Co. now owns 486,170 shares of the semiconductor company's stock valued at $4,896,000 after buying an additional 1,629 shares in the last quarter. 6.80% of the stock is owned by hedge funds and other institutional investors.

ASE Technology Stock Down 1.5%

Shares of ASE Technology stock traded down $0.14 during trading hours on Friday, hitting $9.38. The company had a trading volume of 13,376,169 shares, compared to its average volume of 9,354,924. The company's 50-day moving average is $8.91 and its two-hundred day moving average is $9.73. ASE Technology Holding Co., Ltd. has a twelve month low of $6.94 and a twelve month high of $12.86. 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 $20.71 billion, a P/E ratio of 20.84, a price-to-earnings-growth ratio of 0.47 and a beta of 1.20.

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 the consensus estimate of $0.12 by ($0.02). ASE Technology had a net margin of 5.44% and a return on equity of 9.86%. The company had revenue of $4.59 billion during the quarter, compared to analyst estimates of $143.62 billion. Analysts anticipate that ASE Technology Holding Co., Ltd. will post 0.76 earnings per share for the current fiscal 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.