ASE Technology Holding Co., Ltd. (NYSE:ASX) Short Interest Update

ASE Technology Holding Co., Ltd. (NYSE:ASXGet Free Report) saw a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 9,129,449 shares, a decrease of 43.4% from the May 14th total of 16,115,984 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 10,173,062 shares, the short-interest ratio is presently 0.9 days.

ASE Technology Stock Up 3.8%

ASX opened at $38.20 on Friday. The firm has a 50-day simple moving average of $32.11 and a two-hundred day simple moving average of $23.77. ASE Technology has a 52 week low of $9.30 and a 52 week high of $41.10. The company has a market capitalization of $84.94 billion, a PE ratio of 56.18, a price-to-earnings-growth ratio of 0.76 and a beta of 1.72. The company has a quick ratio of 0.89, a current ratio of 1.15 and a debt-to-equity ratio of 0.53.

ASE Technology (NYSE:ASXGet Free Report) last released its quarterly earnings data on Wednesday, April 29th. The semiconductor company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.17 by $0.03. ASE Technology had a net margin of 7.03% and a return on equity of 13.48%. The business had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.32 billion. Analysts forecast that ASE Technology will post 1.05 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ASX. Zacks Research raised shares of ASE Technology from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. Wall Street Zen raised shares of ASE Technology from a “hold” rating to a “buy” rating in a report on Sunday, April 5th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ASE Technology in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Get Our Latest Research Report on ASX

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Parallel Advisors LLC lifted its holdings in shares of ASE Technology by 1.9% in the 4th quarter. Parallel Advisors LLC now owns 25,975 shares of the semiconductor company’s stock valued at $418,000 after acquiring an additional 482 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of ASE Technology by 5.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 11,223 shares of the semiconductor company’s stock valued at $181,000 after acquiring an additional 589 shares during the last quarter. Vest Financial LLC lifted its holdings in shares of ASE Technology by 5.2% in the 4th quarter. Vest Financial LLC now owns 12,954 shares of the semiconductor company’s stock valued at $209,000 after acquiring an additional 637 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of ASE Technology by 0.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 120,598 shares of the semiconductor company’s stock valued at $1,942,000 after acquiring an additional 643 shares during the last quarter. Finally, Transamerica Financial Advisors LLC lifted its holdings in shares of ASE Technology by 24.8% in the 4th quarter. Transamerica Financial Advisors LLC now owns 3,435 shares of the semiconductor company’s stock valued at $55,000 after acquiring an additional 683 shares during the last quarter. Institutional investors own 6.80% of the company’s stock.

ASE Technology Company Profile

(Get Free Report)

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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