Hsbc Holdings PLC Has $5.18 Million Holdings in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Hsbc Holdings PLC lessened its position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) by 19.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Steward Partners Investment Advisory LLC raised its position in 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 last quarter. Allworth Financial LP boosted its position 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 during the last quarter. R Squared Ltd acquired a new position in ASE Technology during the 4th quarter worth approximately $51,000. Wilmington Savings Fund Society FSB acquired a new position in ASE Technology during the 3rd quarter worth approximately $77,000. Finally, Whipplewood Advisors LLC acquired a new position in ASE Technology during the 4th quarter worth approximately $93,000. Institutional investors and hedge funds own 6.80% of the company's stock.

ASE Technology Trading Down 0.2 %

NYSE:ASX opened at $8.74 on Tuesday. 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 quick ratio of 0.93, a current ratio of 1.19 and a debt-to-equity ratio of 0.40. The business has a 50 day moving average price of $9.17 and a two-hundred day moving average price of $9.81. The company has a market cap of $19.29 billion, a P/E ratio of 19.42, a price-to-earnings-growth ratio of 0.47 and a beta of 1.21.

ASE Technology (NYSE:ASX - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The semiconductor company reported $0.13 earnings per share for the quarter, missing analysts' consensus estimates of $0.16 by ($0.03). ASE Technology had a return on equity of 9.86% and a net margin of 5.44%. As a group, analysts expect that ASE Technology Holding Co., Ltd. will post 0.76 EPS 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.

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