Natixis Advisors L.P. Sells 193,295 Shares of ASE Technology Holding Co., Ltd. (NYSE:ASX)

Natixis Advisors L.P. decreased its holdings in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) by 7.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,385,346 shares of the semiconductor company's stock after selling 193,295 shares during the quarter. Natixis Advisors L.P. owned about 0.11% of ASE Technology worth $22,446,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in ASX. Bank of New York Mellon Corp boosted its holdings in shares of ASE Technology by 1.5% during the third quarter. Bank of New York Mellon Corp now owns 100,464 shares of the semiconductor company's stock worth $755,000 after purchasing an additional 1,466 shares during the last quarter. Advisor Partners II LLC raised its position in shares of ASE Technology by 90.4% in the 3rd quarter. Advisor Partners II LLC now owns 67,905 shares of the semiconductor company's stock worth $511,000 after buying an additional 32,237 shares during the period. Henry James International Management Inc. raised its position in shares of ASE Technology by 15.2% in the 3rd quarter. Henry James International Management Inc. now owns 90,987 shares of the semiconductor company's stock worth $684,000 after buying an additional 12,002 shares during the period. TIAA Trust National Association acquired a new position in ASE Technology in the third quarter worth about $111,000. Finally, First Trust Direct Indexing L.P. grew its stake in ASE Technology by 4.2% in the third quarter. First Trust Direct Indexing L.P. now owns 126,432 shares of the semiconductor company's stock worth $951,000 after purchasing an additional 5,080 shares in the last quarter. Institutional investors and hedge funds own 6.80% of the company's stock.

ASE Technology Stock Performance

ASX stock traded down $0.03 during midday trading on Monday, reaching $10.50. The company had a trading volume of 5,295,324 shares, compared to its average volume of 6,123,030. The company has a quick ratio of 0.92, a current ratio of 1.19 and a debt-to-equity ratio of 0.37. The stock has a 50 day moving average price of $10.66 and a 200 day moving average price of $9.45. ASE Technology Holding Co., Ltd. has a fifty-two week low of $6.83 and a fifty-two week high of $11.68. The firm has a market capitalization of $23.02 billion, a PE ratio of 22.80, a P/E/G ratio of 0.59 and a beta of 1.26.

ASE Technology (NYSE:ASX - Get Free Report) last issued its quarterly earnings data on Thursday, April 25th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.02). The business had revenue of $4.24 billion for the quarter. ASE Technology had a return on equity of 10.09% and a net margin of 5.41%. During the same period in the previous year, the company posted $0.09 EPS. Analysts anticipate that ASE Technology Holding Co., Ltd. will post 0.62 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.