ASE Technology (ASX) Earns Market Perform Rating from Cowen

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.



Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Parallel Advisors LLC raised its stake in shares of ASE Technology by 4,976.1% in the 1st quarter. Parallel Advisors LLC now owns 7,868 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 7,713 shares during the period. BNP Paribas Arbitrage SA increased its position in shares of ASE Technology by 180.2% in the first quarter. BNP Paribas Arbitrage SA now owns 8,298 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 5,337 shares during the last quarter. Financial Gravity Companies Inc. acquired a new stake in shares of ASE Technology in the fourth quarter valued at about $35,000. Lindbrook Capital LLC acquired a new stake in shares of ASE Technology in the fourth quarter valued at about $36,000. Finally, Financial Gravity Wealth Inc. acquired a new stake in shares of ASE Technology in the first quarter valued at about $44,000. 5.39% of the stock is currently owned by hedge funds and other institutional investors.

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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