Sanctuary Advisors LLC Reduces Stake in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Sanctuary Advisors LLC cut its stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 1.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 163,936 shares of the semiconductor company’s stock after selling 2,484 shares during the period. Sanctuary Advisors LLC’s holdings in ASE Technology were worth $1,628,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Fisher Asset Management LLC lifted its position in ASE Technology by 10.8% in the third quarter. Fisher Asset Management LLC now owns 15,167,615 shares of the semiconductor company’s stock worth $148,036,000 after buying an additional 1,481,424 shares during the last quarter. Driehaus Capital Management LLC lifted its holdings in shares of ASE Technology by 105.3% in the 2nd quarter. Driehaus Capital Management LLC now owns 982,028 shares of the semiconductor company’s stock worth $11,215,000 after acquiring an additional 503,765 shares during the last quarter. Squarepoint Ops LLC lifted its holdings in shares of ASE Technology by 528.5% in the 2nd quarter. Squarepoint Ops LLC now owns 478,766 shares of the semiconductor company’s stock worth $5,468,000 after acquiring an additional 402,585 shares during the last quarter. Citigroup Inc. boosted its stake in shares of ASE Technology by 9.7% during the 3rd quarter. Citigroup Inc. now owns 4,323,059 shares of the semiconductor company’s stock worth $42,193,000 after purchasing an additional 382,425 shares during the period. Finally, Earnest Partners LLC grew its holdings in ASE Technology by 10.4% during the 2nd quarter. Earnest Partners LLC now owns 2,840,090 shares of the semiconductor company’s stock valued at $32,434,000 after purchasing an additional 266,991 shares during the last quarter. Hedge funds and other institutional investors own 6.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ASX. StockNews.com lowered ASE Technology from a “buy” rating to a “hold” rating in a research report on Friday, September 20th. UBS Group raised ASE Technology from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 15th. Finally, Morgan Stanley upgraded ASE Technology from an “equal weight” rating to an “overweight” rating in a research report on Monday, September 16th.

ASE Technology Price Performance

ASE Technology stock opened at $9.91 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.18 and a quick ratio of 0.89. The stock has a market cap of $21.75 billion, a price-to-earnings ratio of 22.02, a price-to-earnings-growth ratio of 0.71 and a beta of 1.21. The firm has a 50-day moving average of $9.94 and a two-hundred day moving average of $10.23. ASE Technology Holding Co., Ltd. has a 1 year low of $8.10 and a 1 year high of $12.86.

ASE Technology (NYSE:ASX) last announced its quarterly earnings results on Thursday, October 31st. The semiconductor company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.02). The firm had revenue of $4.96 billion during the quarter. ASE Technology had a net margin of 5.47% and a return on equity of 10.05%. During the same period last year, the firm earned $0.13 EPS. On average, research analysts forecast that ASE Technology Holding Co., Ltd. will post 0.48 earnings per share for the current year.

ASE Technology Profile

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; commercial complex, after-sales, and support services; manages parking lot services; processes and sells computer and communication peripherals, electronic components, telecommunications equipment, and motherboards; and imports and exports goods and technology.