ASE Technology Holding Co., Ltd. (NYSE:ASX) Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC cut its holdings in ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) by 19.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 513,959 shares of the semiconductor company's stock after selling 122,141 shares during the period. Hsbc Holdings PLC's holdings in ASE Technology were worth $5,176,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. TIAA Trust National Association increased its position in ASE Technology by 7.6% during the fourth quarter. TIAA Trust National Association now owns 14,846 shares of the semiconductor company's stock worth $149,000 after buying an additional 1,054 shares during the period. Allworth Financial LP grew 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 worth $41,000 after acquiring an additional 1,104 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of ASE Technology by 9.1% in the 4th quarter. Franklin Resources Inc. now owns 15,526 shares of the semiconductor company's stock valued at $156,000 after acquiring an additional 1,290 shares during the period. United Capital Financial Advisors LLC raised its position in 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 purchasing an additional 1,338 shares during the last quarter. Finally, Aaron Wealth Advisors LLC boosted its stake in ASE Technology by 5.9% during the 4th quarter. Aaron Wealth Advisors LLC now owns 24,422 shares of the semiconductor company's stock worth $246,000 after purchasing an additional 1,370 shares during the period. 6.80% of the stock is owned by hedge funds and other institutional investors.

ASE Technology Stock Performance

NYSE ASX traded up $0.40 during trading on Friday, reaching $9.10. The company's stock had a trading volume of 10,830,689 shares, compared to its average volume of 8,717,179. ASE Technology Holding Co., Ltd. has a twelve month low of $6.94 and a twelve month high of $12.86. The firm has a market cap of $20.09 billion, a price-to-earnings ratio of 20.22, a P/E/G ratio of 0.47 and a beta of 1.21. The business's fifty day moving average price is $9.00 and its 200-day moving average price is $9.77. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.93 and a current ratio of 1.19.

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 analyst estimates of $143.62 billion. ASE Technology had a return on equity of 9.86% and a net margin of 5.44%. As a group, analysts anticipate that ASE Technology Holding Co., Ltd. will post 0.76 EPS 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.