Capital Wealth Planning LLC Raises Holdings in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Capital Wealth Planning LLC raised its position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) by 73.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 196,638 shares of the semiconductor company's stock after purchasing an additional 82,984 shares during the period. Capital Wealth Planning LLC's holdings in ASE Technology were worth $1,850,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of ASX. Principal Securities Inc. bought a new stake in ASE Technology during the 4th quarter valued at $41,000. GAMMA Investing LLC purchased a new position in shares of ASE Technology in the 4th quarter valued at $52,000. Pathstone Family Office LLC purchased a new position in shares of ASE Technology in the 3rd quarter valued at $93,000. BetterWealth LLC purchased a new position in shares of ASE Technology in the 4th quarter valued at $94,000. Finally, Capital Management Associates Inc purchased a new position in shares of ASE Technology in the 4th quarter valued at $94,000. 6.80% of the stock is owned by institutional investors.

ASE Technology Stock Down 2.1 %

ASX stock traded down $0.23 on Thursday, hitting $10.50. 5,182,509 shares of the company's stock were exchanged, compared to its average volume of 5,955,708. ASE Technology Holding Co., Ltd. has a 12-month low of $7.10 and a 12-month high of $11.68. The firm has a 50 day moving average price of $10.72 and a two-hundred day moving average price of $9.60. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.92 and a current ratio of 1.19. The stock has a market cap of $23.02 billion, a P/E ratio of 22.83, a price-to-earnings-growth ratio of 0.58 and a beta of 1.26.

ASE Technology (NYSE:ASX - Get Free Report) last announced its earnings results on Thursday, April 25th. The semiconductor company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.02). ASE Technology had a return on equity of 10.09% and a net margin of 5.41%. The business had revenue of $4.24 billion for the quarter. During the same quarter last year, the business posted $0.09 EPS. As a group, equities research analysts expect that ASE Technology Holding Co., Ltd. will post 0.62 EPS for the current fiscal year.

Analysts Set New Price Targets

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

ASE Technology Company 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.