JPMorgan Chase & Co. lowered shares of ASE Technology (NYSE:ASX) from an overweight rating to a neutral rating in a research report sent to investors on Wednesday morning, Marketbeat reports.
ASX has been the topic of a number of other reports. ValuEngine cut ASE Technology from a hold rating to a sell rating in a research report on Saturday, October 6th. CLSA cut ASE Technology from an outperform rating to an underperform rating in a research report on Monday, October 8th. Two investment analysts have rated the stock with a sell rating and two have given a hold rating to the company. ASE Technology currently has an average rating of Hold and an average price target of $8.25.
ASX stock opened at $4.11 on Wednesday. ASE Technology has a fifty-two week low of $4.02 and a fifty-two week high of $8.00. The company has a current ratio of 1.11, a quick ratio of 0.88 and a debt-to-equity ratio of 0.63. The company has a market cap of $10.55 billion, a price-to-earnings ratio of 12.16 and a beta of 0.77.
ASE Technology (NYSE:ASX) last issued its quarterly earnings results on Friday, July 27th. The semiconductor company reported $0.18 EPS for the quarter. ASE Technology had a return on equity of 12.63% and a net margin of 8.50%. The firm had revenue of $2.84 billion for the quarter.
Institutional investors and hedge funds have recently modified their holdings of the company. US Bancorp DE bought a new stake in shares of ASE Technology in the 2nd quarter worth approximately $107,000. Cubist Systematic Strategies LLC bought a new stake in shares of ASE Technology in the 2nd quarter worth approximately $110,000. Signaturefd LLC bought a new stake in shares of ASE Technology in the 2nd quarter worth approximately $119,000. PNC Financial Services Group Inc. bought a new stake in shares of ASE Technology in the 2nd quarter worth approximately $136,000. Finally, Bessemer Group Inc. bought a new position in ASE Technology in the 2nd quarter valued at approximately $143,000. 5.45% of the stock is currently owned by hedge funds and other institutional investors.
ASE Technology Company Profile
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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