Thornburg Investment Management Inc. Makes New Investment in ASE Technology Holding Co., Ltd. (NYSE:ASX)

Thornburg Investment Management Inc. purchased a new stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 79,363 shares of the semiconductor company’s stock, valued at approximately $799,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. TIAA Trust National Association raised its stake in shares of ASE Technology by 7.6% during the fourth quarter. TIAA Trust National Association now owns 14,846 shares of the semiconductor company’s stock valued at $149,000 after acquiring an additional 1,054 shares in the last quarter. Allworth Financial LP raised its stake in ASE Technology by 42.5% in the fourth quarter. Allworth Financial LP now owns 3,700 shares of the semiconductor company’s stock worth $41,000 after buying an additional 1,104 shares in the last quarter. Franklin Resources Inc. grew its holdings in ASE Technology by 9.1% in the fourth quarter. Franklin Resources Inc. now owns 15,526 shares of the semiconductor company’s stock worth $156,000 after purchasing an additional 1,290 shares during the last quarter. United Capital Financial Advisors LLC grew its holdings in ASE Technology by 12.2% in the fourth quarter. United Capital Financial Advisors LLC now owns 12,298 shares of the semiconductor company’s stock worth $124,000 after purchasing an additional 1,338 shares during the last quarter. Finally, Aaron Wealth Advisors LLC grew its holdings in ASE Technology by 5.9% in the fourth quarter. Aaron Wealth Advisors LLC now owns 24,422 shares of the semiconductor company’s stock worth $246,000 after purchasing an additional 1,370 shares during the last quarter. Institutional investors own 6.80% of the company’s stock.

ASE Technology Price Performance

Shares of ASX opened at $9.98 on Monday. The firm has a market capitalization of $22.02 billion, a PE ratio of 22.17, a price-to-earnings-growth ratio of 0.47 and a beta of 1.20. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.19 and a quick ratio of 0.93. ASE Technology Holding Co., Ltd. has a 1-year low of $6.94 and a 1-year high of $12.86. The company’s fifty day moving average price is $8.92 and its 200-day moving average price is $9.73.

ASE Technology (NYSE:ASX) last posted its quarterly earnings results on Wednesday, April 30th. The semiconductor company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.02). The business had revenue of $4.59 billion during the quarter, compared to analysts’ expectations of $143.62 billion. ASE Technology had a net margin of 5.44% and a return on equity of 9.86%. On average, equities research analysts predict that ASE Technology Holding Co., Ltd. will post 0.76 EPS 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.