ASX vs. GFS, UMC, ON, SWKS, MPWR, ALAB, QRVO, STM, LSCC, and AMKR
Should you be buying ASE Technology stock or one of its competitors? The main competitors of ASE Technology include GLOBALFOUNDRIES (GFS), United Microelectronics (UMC), Onsemi (ON), Skyworks Solutions (SWKS), Monolithic Power Systems (MPWR), Astera Labs (ALAB), Qorvo (QRVO), STMicroelectronics (STM), Lattice Semiconductor (LSCC), and Amkor Technology (AMKR). These companies are all part of the "semiconductors & related devices" industry.
ASE Technology (NYSE:ASX) and GLOBALFOUNDRIES (NASDAQ:GFS) are both large-cap computer and technology companies, but which is the superior business? We will compare the two businesses based on the strength of their profitability, institutional ownership, community ranking, earnings, media sentiment, analyst recommendations, risk, dividends and valuation.
ASE Technology presently has a consensus price target of $7.84, suggesting a potential downside of 24.15%. GLOBALFOUNDRIES has a consensus price target of $63.08, suggesting a potential upside of 36.09%. Given GLOBALFOUNDRIES's stronger consensus rating and higher probable upside, analysts clearly believe GLOBALFOUNDRIES is more favorable than ASE Technology.
GLOBALFOUNDRIES has a net margin of 13.80% compared to ASE Technology's net margin of 5.44%. ASE Technology's return on equity of 10.29% beat GLOBALFOUNDRIES's return on equity.
ASE Technology received 325 more outperform votes than GLOBALFOUNDRIES when rated by MarketBeat users. Likewise, 64.46% of users gave ASE Technology an outperform vote while only 50.56% of users gave GLOBALFOUNDRIES an outperform vote.
ASE Technology has a beta of 1.25, suggesting that its stock price is 25% more volatile than the S&P 500. Comparatively, GLOBALFOUNDRIES has a beta of 1.61, suggesting that its stock price is 61% more volatile than the S&P 500.
6.8% of ASE Technology shares are owned by institutional investors. 22.9% of ASE Technology shares are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock is poised for long-term growth.
ASE Technology has higher revenue and earnings than GLOBALFOUNDRIES. ASE Technology is trading at a lower price-to-earnings ratio than GLOBALFOUNDRIES, indicating that it is currently the more affordable of the two stocks.
In the previous week, GLOBALFOUNDRIES had 6 more articles in the media than ASE Technology. MarketBeat recorded 7 mentions for GLOBALFOUNDRIES and 1 mentions for ASE Technology. ASE Technology's average media sentiment score of 1.07 beat GLOBALFOUNDRIES's score of 0.15 indicating that ASE Technology is being referred to more favorably in the media.
Summary
GLOBALFOUNDRIES beats ASE Technology on 10 of the 18 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding ASX and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of NYSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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