Blue Trust Inc. Raises Position in ASE Technology Holding Co., Ltd. $ASX

Blue Trust Inc. raised its stake in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 29.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 85,122 shares of the semiconductor company’s stock after purchasing an additional 19,116 shares during the period. Blue Trust Inc.’s holdings in ASE Technology were worth $879,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC raised its position in ASE Technology by 94.6% during the first quarter. GAMMA Investing LLC now owns 18,525 shares of the semiconductor company’s stock valued at $162,000 after purchasing an additional 9,004 shares during the period. Allspring Global Investments Holdings LLC raised its position in ASE Technology by 55.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 177,024 shares of the semiconductor company’s stock valued at $1,591,000 after purchasing an additional 63,011 shares during the period. Janney Montgomery Scott LLC raised its position in ASE Technology by 11.8% during the first quarter. Janney Montgomery Scott LLC now owns 31,450 shares of the semiconductor company’s stock valued at $276,000 after purchasing an additional 3,319 shares during the period. OLD Mission Capital LLC purchased a new stake in ASE Technology during the first quarter valued at approximately $583,000. Finally, Cerity Partners LLC raised its position in ASE Technology by 107.3% during the first quarter. Cerity Partners LLC now owns 271,246 shares of the semiconductor company’s stock valued at $2,376,000 after purchasing an additional 140,413 shares during the period. 6.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c)” rating on shares of ASE Technology in a research report on Wednesday. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

ASE Technology Trading Down 5.3%

ASX opened at $11.10 on Friday. The stock has a market cap of $24.49 billion, a price-to-earnings ratio of 23.61, a P/E/G ratio of 0.62 and a beta of 1.37. The stock’s 50 day moving average price is $10.66 and its 200-day moving average price is $9.93. ASE Technology Holding Co., Ltd. has a one year low of $6.94 and a one year high of $11.90. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.79 and a current ratio of 1.02.

ASE Technology (NYSE:ASX) last released its earnings results on Thursday, July 31st. The semiconductor company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.03). The business had revenue of $5.07 billion for the quarter, compared to the consensus estimate of $150.44 billion. ASE Technology had a net margin of 5.48% and a return on equity of 10.33%. On average, equities analysts forecast 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.