Cowen restated their market perform rating on shares of ASE Technology (NYSE:ASX) in a research note published on Tuesday, Briefing.com Automated Import reports. Cowen currently has a $30.00 price objective on the semiconductor company’s stock, down from their previous price objective of $31.00.
Other analysts also recently issued research reports about the company. Zacks Investment Research raised ASE Technology from a sell rating to a hold rating in a research note on Monday, May 13th. Macquarie raised ASE Technology from an underperform rating to a neutral rating in a research note on Thursday, May 2nd. CLSA raised ASE Technology to a buy rating in a research note on Tuesday, April 2nd. Finally, ValuEngine raised ASE Technology from a sell rating to a hold rating in a research note on Monday, February 4th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $17.38.
Shares of ASE Technology stock opened at $4.08 on Tuesday. The firm has a market cap of $8.93 billion, a P/E ratio of 10.46, a price-to-earnings-growth ratio of 5.05 and a beta of 0.90. ASE Technology has a 12 month low of $3.46 and a 12 month high of $5.28. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.94 and a current ratio of 1.23.
About ASE Technology
ASE Technology Holding Co, Ltd. provides a range of semiconductors packaging and testing, and electronic manufacturing services (EMS) in the United States, Taiwan, Asia, Europe, and internationally. The company offers packaging services, including flip-chip ball grid array (BGA), flip-chip chip scale package (fcCSP), advanced chip scale packages (aCSP), quad flat packages, thin quad flat packages, bump chip carrier and quad flat no-lead (QFN) packages, advanced QFN packages, plastic BGAs, high-band package on package, and 3D chip packages; stacked die solutions in various package types; and copper wire and silver bonding solutions, as well as module-based solutions.
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