Raymond James Financial Inc. Makes New Investment in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Raymond James Financial Inc. acquired a new stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 109,406 shares of the semiconductor company's stock, valued at approximately $1,102,000.

Other hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. increased its position in 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 in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of ASE Technology during the fourth quarter valued at $710,000. Y Intercept Hong Kong Ltd raised its position in shares of 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 worth $1,510,000 after purchasing an additional 33,542 shares during the last quarter. Rhumbline Advisers boosted its stake in ASE Technology by 9.3% in the 4th quarter. Rhumbline Advisers now owns 805,764 shares of the semiconductor company's stock worth $8,114,000 after purchasing an additional 68,654 shares in the last quarter. Finally, Fisher Asset Management LLC grew its position in ASE Technology by 3.3% during the 4th quarter. Fisher Asset Management LLC now owns 15,674,623 shares of the semiconductor company's stock valued at $157,843,000 after purchasing an additional 507,008 shares during the last quarter. Institutional investors own 6.80% of the company's stock.

ASE Technology Stock Up 0.9 %

ASE Technology stock traded up $0.08 during trading hours on Friday, hitting $9.26. The stock had a trading volume of 9,763,951 shares, compared to its average volume of 8,870,510. The stock's 50-day moving average price is $8.90 and its 200-day moving average price is $9.73. The stock has a market capitalization of $20.44 billion, a P/E ratio of 20.58, a price-to-earnings-growth ratio of 0.47 and a beta of 1.20. ASE Technology Holding Co., Ltd. has a 12-month low of $6.94 and a 12-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.

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). ASE Technology had a return on equity of 9.86% and a net margin of 5.44%. The firm had revenue of $4.59 billion during the quarter, compared to analysts' expectations of $143.62 billion. Equities research analysts anticipate 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.