Shares of ASE Technology Holding Co., Ltd. (NYSE:ASX – Get Free Report) reached a new 52-week high during trading on Tuesday . The stock traded as high as $38.80 and last traded at $38.68, with a volume of 1600192 shares traded. The stock had previously closed at $34.81.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on the stock. Zacks Research upgraded shares of ASE Technology from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. Wall Street Zen upgraded shares of ASE Technology from a “hold” rating to a “buy” rating in a research report on Sunday, April 5th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy”.
Read Our Latest Analysis on ASX
ASE Technology Price Performance
ASE Technology (NYSE:ASX – Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The semiconductor company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.03. ASE Technology had a net margin of 7.03% and a return on equity of 13.48%. The company had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.32 billion. As a group, equities analysts forecast that ASE Technology Holding Co., Ltd. will post 1.05 EPS for the current year.
Hedge Funds Weigh In On ASE Technology
Several hedge funds have recently modified their holdings of ASX. Nisa Investment Advisors LLC acquired a new position in ASE Technology in the 4th quarter worth approximately $27,000. Caitong International Asset Management Co. Ltd increased its holdings in ASE Technology by 180,900.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,810 shares of the semiconductor company’s stock worth $29,000 after buying an additional 1,809 shares during the period. Smartleaf Asset Management LLC increased its holdings in ASE Technology by 1,704.8% in the 3rd quarter. Smartleaf Asset Management LLC now owns 2,653 shares of the semiconductor company’s stock worth $30,000 after buying an additional 2,506 shares during the period. Bessemer Group Inc. increased its holdings in ASE Technology by 135.4% in the 1st quarter. Bessemer Group Inc. now owns 1,438 shares of the semiconductor company’s stock worth $31,000 after buying an additional 827 shares during the period. Finally, Eagle Bay Advisors LLC acquired a new position in ASE Technology in the 4th quarter worth approximately $32,000. Institutional investors and hedge funds own 6.80% of the company’s stock.
ASE Technology Company Profile
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.
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