ASE Technology (NYSE:ASX) Sees Large Volume Increase

ASE Technology Holding Co Ltd (NYSE:ASX) saw an uptick in trading volume on Tuesday . 8,995 shares traded hands during trading, a decline of 98% from the previous session’s volume of 504,081 shares.The stock last traded at $5.05 and had previously closed at $5.04.

Several brokerages recently commented on ASX. ValuEngine downgraded shares of ASE Technology from a “sell” rating to a “strong sell” rating in a research report on Saturday. Goldman Sachs Group began coverage on shares of ASE Technology in a research report on Wednesday, September 4th. They set a “buy” rating on the stock. Zacks Investment Research downgraded shares of ASE Technology from a “hold” rating to a “sell” rating in a research report on Tuesday, September 17th. HSBC raised shares of ASE Technology from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Finally, Macquarie raised shares of ASE Technology from an “underperform” rating to an “outperform” rating in a research report on Thursday, August 1st. Two analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $17.38.

The company’s 50-day moving average is $4.68 and its 200 day moving average is $4.34. The company has a market capitalization of $10.90 billion, a PE ratio of 12.90, a P/E/G ratio of 6.56 and a beta of 0.95. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.90 and a current ratio of 1.19.

ASE Technology (NYSE:ASX) last announced its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $0.04 EPS for the quarter. ASE Technology had a net margin of 4.10% and a return on equity of 7.52%. The company had revenue of $2.92 billion for the quarter. On average, analysts forecast that ASE Technology Holding Co Ltd will post 0.25 EPS for the current fiscal year.

A number of hedge funds have recently made changes to their positions in ASX. UBS Group AG boosted its holdings in shares of ASE Technology by 7.6% during the 2nd quarter. UBS Group AG now owns 3,267,614 shares of the semiconductor company’s stock valued at $12,907,000 after acquiring an additional 231,580 shares during the last quarter. Parametric Portfolio Associates LLC lifted its stake in shares of ASE Technology by 97.8% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 2,589,499 shares of the semiconductor company’s stock worth $10,229,000 after purchasing an additional 1,280,304 shares during the period. NINE MASTS CAPITAL Ltd bought a new position in shares of ASE Technology in the 2nd quarter worth approximately $8,212,000. Renaissance Technologies LLC lifted its stake in shares of ASE Technology by 15.3% in the 2nd quarter. Renaissance Technologies LLC now owns 1,528,249 shares of the semiconductor company’s stock worth $6,037,000 after purchasing an additional 202,300 shares during the period. Finally, Amundi Pioneer Asset Management Inc. bought a new position in shares of ASE Technology in the 2nd quarter worth approximately $525,000. 5.33% of the stock is currently owned by institutional investors.

About ASE Technology (NYSE:ASX)

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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