ASE Technology Holding Co., Ltd. $ASX Shares Sold by Moran Wealth Management LLC

Moran Wealth Management LLC cut its position in shares of ASE Technology Holding Co., Ltd. (NYSE:ASX) by 34.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 379,781 shares of the semiconductor company’s stock after selling 195,611 shares during the quarter. Moran Wealth Management LLC’s holdings in ASE Technology were worth $6,114,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Nisa Investment Advisors LLC bought a new stake in shares of ASE Technology during the 4th quarter worth $27,000. Eagle Bay Advisors LLC bought a new stake in shares of ASE Technology during the 4th quarter worth $32,000. Smartleaf Asset Management LLC boosted its stake in shares of ASE Technology by 1,704.8% during the 3rd quarter. Smartleaf Asset Management LLC now owns 2,653 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 2,506 shares in the last quarter. WealthCollab LLC boosted its stake in shares of ASE Technology by 55.2% during the 2nd quarter. WealthCollab LLC now owns 4,850 shares of the semiconductor company’s stock worth $50,000 after acquiring an additional 1,726 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in shares of ASE Technology by 76.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,852 shares of the semiconductor company’s stock worth $54,000 after acquiring an additional 2,106 shares in the last quarter. 6.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on ASX shares. Wall Street Zen raised ASE Technology from a “hold” rating to a “buy” rating in a research note on Sunday, April 5th. Weiss Ratings reissued a “hold (c)” rating on shares of ASE Technology in a research note on Wednesday, January 21st. Finally, Zacks Research raised ASE Technology from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold”.

ASE Technology Stock Performance

Shares of ASE Technology stock opened at $28.58 on Friday. The stock has a market cap of $63.39 billion, a PE ratio of 49.27, a price-to-earnings-growth ratio of 1.14 and a beta of 1.46. The business has a fifty day simple moving average of $23.11 and a 200-day simple moving average of $18.21. The company has a quick ratio of 1.00, a current ratio of 1.26 and a debt-to-equity ratio of 0.58. ASE Technology Holding Co., Ltd. has a 12 month low of $7.86 and a 12 month high of $28.71.

ASE Technology (NYSE:ASX) last issued its earnings results on Thursday, February 5th. The semiconductor company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.20 by $0.01. The business had revenue of $5.22 billion during the quarter, compared to analysts’ expectations of $5.47 billion. ASE Technology had a return on equity of 12.06% and a net margin of 6.31%. On average, sell-side analysts anticipate that ASE Technology Holding Co., Ltd. will post 0.76 EPS for the current fiscal year.

About ASE Technology

ASE Technology Holding Co, Ltd. (NYSE: ASX), commonly referred to as ASE, is a Taiwan-based provider of semiconductor assembly and testing services. The company focuses on back-end semiconductor manufacturing and related services that prepare integrated circuits and other semiconductor devices for final use. Its core activities include advanced IC packaging, final testing, wafer probing, and related engineering and supply-chain support for semiconductor customers.

ASE offers a range of products and technical capabilities designed to meet increasingly complex packaging and system-in-package requirements.