Veritable L.P. purchased a new stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,323 shares of the semiconductor company’s stock, valued at approximately $96,000.
Several other institutional investors have also added to or reduced their stakes in ASX. Employees Retirement System of Texas purchased a new stake in ASE Technology during the fourth quarter valued at about $53,000. Global Retirement Partners LLC boosted its holdings in shares of ASE Technology by 43.4% during the first quarter. Global Retirement Partners LLC now owns 8,514 shares of the semiconductor company’s stock worth $58,000 after purchasing an additional 2,575 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of ASE Technology by 212.7% during the first quarter. Russell Investments Group Ltd. now owns 7,661 shares of the semiconductor company’s stock worth $61,000 after purchasing an additional 5,211 shares during the period. Bridgefront Capital LLC purchased a new stake in shares of ASE Technology during the fourth quarter worth about $64,000. Finally, Penserra Capital Management LLC boosted its holdings in shares of ASE Technology by 50.1% during the fourth quarter. Penserra Capital Management LLC now owns 10,413 shares of the semiconductor company’s stock worth $65,000 after purchasing an additional 3,474 shares during the period. 7.62% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on ASX shares. StockNews.com upgraded shares of ASE Technology from a “hold” rating to a “buy” rating in a report on Friday, November 10th. The Goldman Sachs Group upgraded shares of ASE Technology from a “neutral” rating to a “buy” rating and increased their target price for the stock from $6.60 to $9.20 in a report on Friday, July 28th.
ASE Technology Stock Performance
Shares of ASX opened at $8.67 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.21 and a quick ratio of 0.89. ASE Technology Holding Co., Ltd. has a one year low of $6.16 and a one year high of $9.03. The company has a 50-day simple moving average of $7.77 and a two-hundred day simple moving average of $7.85. The firm has a market capitalization of $18.92 billion, a PE ratio of 15.20 and a beta of 1.16.
ASE Technology (NYSE:ASX – Get Free Report) last issued its quarterly earnings data on Thursday, October 26th. The semiconductor company reported $0.13 EPS for the quarter, hitting the consensus estimate of $0.13. ASE Technology had a net margin of 6.34% and a return on equity of 12.41%. The business had revenue of $4.87 billion during the quarter. On average, analysts anticipate that ASE Technology Holding Co., Ltd. will post 0.44 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; processes and sells computer and communication peripherals, electronic components, telecommunications equipment, and motherboards; and imports and exports goods and technology.
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