NewEdge Advisors LLC Decreases Position in ASE Technology Holding Co., Ltd. (NYSE:ASX)

NewEdge Advisors LLC reduced its stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) by 72.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,720 shares of the semiconductor company's stock after selling 33,924 shares during the period. NewEdge Advisors LLC's holdings in ASE Technology were worth $128,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in ASX. JPMorgan Chase & Co. raised its position in shares of ASE Technology by 36.1% during the 4th quarter. JPMorgan Chase & Co. now owns 4,861,813 shares of the semiconductor company's stock valued at $48,958,000 after buying an additional 1,290,605 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of ASE Technology during the 4th quarter worth $710,000. Y Intercept Hong Kong Ltd raised its holdings in ASE Technology by 28.8% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 149,965 shares of the semiconductor company's stock valued at $1,510,000 after buying an additional 33,542 shares during the period. Rhumbline Advisers lifted its position in ASE Technology by 9.3% in the fourth quarter. Rhumbline Advisers now owns 805,764 shares of the semiconductor company's stock valued at $8,114,000 after buying an additional 68,654 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its stake in ASE Technology by 3.3% during the fourth quarter. Fisher Asset Management LLC now owns 15,674,623 shares of the semiconductor company's stock worth $157,843,000 after buying an additional 507,008 shares during the period. 6.80% of the stock is currently owned by hedge funds and other institutional investors.

ASE Technology Trading Up 0.9 %

NYSE ASX traded up $0.08 on Thursday, reaching $9.18. The stock had a trading volume of 607,639 shares, compared to its average volume of 11,410,936. ASE Technology Holding Co., Ltd. has a 12-month low of $6.94 and a 12-month high of $12.86. The stock has a fifty day moving average price of $8.93 and a two-hundred day moving average price of $9.75. The firm has a market capitalization of $20.26 billion, a price-to-earnings ratio of 20.40, a P/E/G ratio of 0.47 and a beta of 1.20. The company has a quick ratio of 0.93, a current ratio of 1.19 and a debt-to-equity ratio of 0.40.

ASE Technology (NYSE:ASX - Get Free Report) last announced 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 business had revenue of $4.59 billion during the quarter, compared to analyst estimates of $143.62 billion. ASE Technology had a net margin of 5.44% and a return on equity of 9.86%. As a group, sell-side analysts forecast 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.