Fisher Asset Management LLC Lowers Position in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Fisher Asset Management LLC cut its holdings in ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) by 6.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,847,246 shares of the semiconductor company's stock after selling 1,303,384 shares during the quarter. Fisher Asset Management LLC owned about 0.91% of ASE Technology worth $186,763,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. GAMMA Investing LLC bought a new stake in ASE Technology in the fourth quarter valued at $52,000. BetterWealth LLC bought a new position in shares of ASE Technology during the 4th quarter valued at about $94,000. Capital Management Associates Inc acquired a new position in shares of ASE Technology in the fourth quarter valued at approximately $94,000. Russell Investments Group Ltd. lifted its stake in ASE Technology by 82.3% in the 4th quarter. Russell Investments Group Ltd. now owns 11,680 shares of the semiconductor company's stock valued at $110,000 after acquiring an additional 5,272 shares in the last quarter. Finally, Savant Capital LLC bought a new position in ASE Technology in the fourth quarter valued at $114,000. 6.80% of the stock is currently owned by institutional investors.

ASE Technology Price Performance

ASX traded up $0.37 on Friday, reaching $10.53. The stock had a trading volume of 5,322,978 shares, compared to its average volume of 6,132,651. The firm has a 50-day moving average of $10.66 and a 200-day moving average of $9.42. The company has a market capitalization of $23.08 billion, a price-to-earnings ratio of 22.89, a price-to-earnings-growth ratio of 0.55 and a beta of 1.26. ASE Technology Holding Co., Ltd. has a fifty-two week low of $6.83 and a fifty-two week high of $11.68. The company has a current ratio of 1.19, a quick ratio of 0.92 and a debt-to-equity ratio of 0.37.

ASE Technology (NYSE:ASX - Get Free Report) last issued its quarterly earnings results on Thursday, April 25th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.10 by ($0.02). The firm had revenue of $4.24 billion during the quarter. ASE Technology had a return on equity of 10.09% and a net margin of 5.41%. During the same quarter in the prior year, the business earned $0.09 EPS. As a group, sell-side analysts anticipate that ASE Technology Holding Co., Ltd. will post 0.62 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of ASE Technology from a "buy" rating to a "hold" rating in a report on Friday, April 26th.

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.